Competitiveness of Romanian Small and Medium-Sized Enterprises in European Union

Volume II / Issue no. 2

It becomes a common place to speak of SMEs as an engine of economic growth for any European Union country. The SMEs accounted the higher turnover and provides jobs for most of employed population. Romania is no exception, in 2009, the turnover of SMEs represents over 60 % (but for hotels and restaurants SMEs turnover was around 85 %). The article analyses the vulnerabilities of the sector, the main possibilities for financing, as well the framework created in Romania to stimulate business by development of SME’s.

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