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THE ENERGY CRISIS AND ITS IMPACT ON ROMANIA'S SMEs

Author

Listed:
  • Alexandra Irina DĂNCIULESCU

    (Romanian American University, Bucharest)

  • Elena Raluca CRISTIAN

    (Romanian American University, Bucharest)

  • Anca ȘTEFĂNESCU (CRUCERU)

    (Romanian American University, Bucharest)

Abstract

The electricity and gas price crisis started in Romania and in the European Union as of 2021, which took the country's leadership and the management of state institutions, with responsibilities in the energy field, by surprise.In Romania, this price crisis is only part of a deep energy crisis, which started immediately after 1990 and continued step by step until today. This paper tries to present the factors that pushed Romania in to crisis along with the recent war between Russia and Ukraine. Also, the research shows that the measures taken by the Government to limit the effects of the electricity and gas price crisis are not the helping the consumers,either individuals or companies.The research presents the impact of the energy crisis on the romanian economy and on romanian SMEs.

Suggested Citation

  • Alexandra Irina DĂNCIULESCU & Elena Raluca CRISTIAN & Anca ȘTEFĂNESCU (CRUCERU), 2023. "THE ENERGY CRISIS AND ITS IMPACT ON ROMANIA'S SMEs," Romanian Economic Business Review, Romanian-American University, vol. 18(2), pages 7-17, June.
    • Handle: RePEc:rau:journl:v:18:y:2023:i:2:p:7-17
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