IDEAS home Printed from
   My bibliography  Save this article

Alternative financing of SMEs in Romania


  • Daniel Ioan Dumitrescu
  • Diana Valentina Dumitrescu


Improving access to finance for small and medium-sized enterprises (SMEs) is one of the priorities of the European Union’s economic and financial policies. For example, in the United States, for example, the volume of SME financing through the capital market is nearly 5 times higher. At a similar level, the European venture capital market would have generated over 90 billion euros in the past 5 years. Also, a positive attitude towards securitization of bank portfolios would have added an extra 100 billion euros in new bank funding to the private environment, of which at least one fifth would be directed to SMEs. Romania also aims to increase the financing capacity of enterprises by diversifying the financing sources, the banking one, unable to cover the existing capital needs of the domestic enterprises. A special segment of SMEs, which deserves increased attention, is innovative innovators, spin-offs and spin-offs, enterprises in the early stages of development. Due to the high risk associated with the financing of these types of entities, bank financing is still not available, which underlies the need to identify alternative sources of funding to support their development. In fact, Romania has made a commitment to the financial troika of the European Union, the World Bank and the International Monetary Fund to identify viable financing solutions to complement those already in place.

Suggested Citation

  • Daniel Ioan Dumitrescu & Diana Valentina Dumitrescu, 2018. "Alternative financing of SMEs in Romania," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 66(2), pages 74-87, February.
  • Handle: RePEc:rsr:supplm:v:66:y:2018:i:2:p:74-87

    Download full text from publisher

    File URL:
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rsr:supplm:v:66:y:2018:i:2:p:74-87. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adrian Visoiu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.