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Thinking Beyond COVID-19: What’s Next for Romanian SMEs?

In: The Economic and Social Impact of the COVID-19 Pandemic

Author

Listed:
  • Daniela Antonescu

    (Institute of National Economy - Romanian Academy)

Abstract

In Chap. 4, I looked at the ways on how the pandemic crisis affected Romania’s SME sector. I explored the implications of using internet documents and official statistics in research. In addition to posing problems for the medical system, the COVID-19 pandemic has also had an adverse impact on the economic and social systems of the EU member states and the rest of the world. Numerous thousands of lives have been impacted by this urgent global issue which continues to put great strain on financial institutions. Given the circumstances, it is imperative to address economic and social issues as soon as possible and support or push policies that will be advantageous to the several industries affected by the pandemic catastrophe. The SME sector was one of the worst-affected industries when the crisis began to affect Romania, in March 2020. This paper discusses how the COVID-19 crisis affected Romania’s SME sector while also seeking to provide advice and recommendations for surviving the crisis and regaining stability following it.’

Suggested Citation

  • Daniela Antonescu, 2024. "Thinking Beyond COVID-19: What’s Next for Romanian SMEs?," Contributions to Economics, in: Valentina Vasile & Elena Bunduchi (ed.), The Economic and Social Impact of the COVID-19 Pandemic, chapter 0, pages 87-120, Springer.
    • Handle: RePEc:spr:conchp:978-3-031-47780-5_4
    DOI: 10.1007/978-3-031-47780-5_4
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