IDEAS home Printed from
   My bibliography  Save this article

European Funds €“ A Solution For The Romanian Economic Recovery


  • Anca Mădălina BOGDAN


In Romania, the economic agents are used to excessively consume raw materials and energy without ensuring, in compensation, the corresponding added value. Thus, it is no wonder that the insolvency is a frequent phenomenon. Another problem of Romania’s economy is determined by the improper costs/prices- profits report, correlated with the supply and demand of the market. If the firms do not take into account the laws of the real market, the risk and the profits, they will not be able to avoid insolvency, since the economic decisions, often disastrous, will continue to promote inefficiency. Many factories are temporarily insolvent, even if they function properly, because their partners have delayed the payments or haven’t respected the contract by delaying the deliveries of parts, raw materials and services. When the mechanism of taking/profits and payments is blocked because of the lack of cash at a certain link of the economic cycle, the activity of many commercial agents, connected by several transactions, is threatened.

Suggested Citation

  • Anca Mădălina BOGDAN, 2012. "European Funds €“ A Solution For The Romanian Economic Recovery," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 6(6(18)/ Su), pages 115-120.
  • Handle: RePEc:ush:jaessh:v:7:y:2012:i:1(18)_summer2011:p:115

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    economic crisis; dynamic model; supply and demand;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation


    Access and download statistics


    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:ush:jaessh:v:7:y:2012:i:1(18)_summer2011:p:115. 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: (Laura Stefanescu). 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.