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SMEs and Start-Ups. Importance and Support Policies in European Union and Romania


  • Herte, Anamaria Diana


Small and medium-sized enterprises (SMEs) are considered as being the engine of the European economy. They lead to job creation and economic growth, guaranteeing social stability. Nine out of ten enterprises are SMEs, which generate two out of three new jobs. SMEs also stimulate entrepreneurship and innovation, and are therefore very important for boosting competitiveness and employment. Given their importance to Europe's economy, SMEs are a major objective of the European Union's policy. The European Commission has as its major aim to promote entrepreneurship and improve the business environment for SMEs by enabling them to fully realize their potential in today's globalized economy by giving them the opportunity to access funds through various programs. This paper contains some definitions and interpretations of SMEs and start-ups and aims to outline their importance in the contemporary economy as well as their support policies.

Suggested Citation

  • Herte, Anamaria Diana, 2017. "SMEs and Start-Ups. Importance and Support Policies in European Union and Romania," MPRA Paper 84174, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:84174

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    References listed on IDEAS

    1. Alina Badulescu & Daniel Badulescu & Dorin Bac & Sebastian Sipos-Gug, 2014. "Attitudes and Intentions of Business Master Students towards Sustainable Tourism and Entrepreneurship," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(Special 8), pages 1110-1110, August.
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    Cited by:

    1. Megbel Aleidan, 2018. "A Correlational Analysis to Assess Major Obstacles Associated with the Internationalization of Saudi Startup Enterprises," International Business Research, Canadian Center of Science and Education, vol. 11(12), pages 78-88, December.

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    More about this item


    SMEs; Start-up concepts and policies; EU; Romania;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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