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Analysis of Competitiveness of Small and Medium-sized Enterprises (SMEs) and Sustainable Regional Development – Result of European Funding in the CENTER Region-Romania

Author

Listed:
  • Nicoleta Stelea

    (Transilvania University of Brasov, Department of Engineering and Industrial Management, Romania)

  • Gavrilă Calefariu

    (Transilvania University of Brasov, Department of Engineering and Industrial Management, Romania)

Abstract

Sustainable regional development must focus on regional economic development in accordance with their potential, competitive development and specialization strategy of each county in Romania. For the implementation of the Regional Operational Program (ROP) 2014-2020, concerning CENTER Region, notable progress was registered and was possible due to new tools and mechanisms that have supported the implementation of operations with performances under investment priorities dedicated to SMEs. To these was added the experience gained by the coordination, management and control system in the previous programming cycle 2007-2013. SMEs aim to make the most of the opportunities that appear in the market, including those regarding financing. The mobility of their demand is high and they benefit from a number of advantages. All these are common to the investment priority on which the financing was obtained but different in terms of the purpose and objectives of each project.

Suggested Citation

  • Nicoleta Stelea & Gavrilă Calefariu, 2022. "Analysis of Competitiveness of Small and Medium-sized Enterprises (SMEs) and Sustainable Regional Development – Result of European Funding in the CENTER Region-Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 175-179, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:175-179
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    More about this item

    Keywords

    SMEs; funding; entrepreneurial culture; regional development; profit;
    All these keywords.

    JEL classification:

    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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