The Economic Crisis and its Effects on SMEs
Romania has ended a high growth cycle. The world economic crisis is worsening with every passing day and Romania increasingly feels the effects of this economic downturn. The sector of small and medium enterprises (SMEs) is the most dynamic in the Romanian economy, but it will also be one of the fir...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2009-05-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: | http://www.ectap.ro/articole/389.pdf |
| _version_ | 1817998646750216192 |
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| author | Roxana Gabriela Hodorogel |
| author_facet | Roxana Gabriela Hodorogel |
| author_sort | Roxana Gabriela Hodorogel |
| collection | DOAJ |
| description | Romania has ended a high growth cycle. The world economic crisis is worsening with every passing day and Romania increasingly feels the effects of this economic downturn. The sector of small and medium enterprises (SMEs) is the most dynamic in the Romanian economy, but it will also be one of the first to be hit by the global financial crisis the ripples of which have reached Romania as well. SMEs are now considered the most sensitive sector and worst affected by the economic climate. The economic crisis has prompted the member states of the European Union, too, to adopt packages of measures to counteract the effect of the crisis. Here below I will exemplify with the cases of Romania, the Italian Republic, the Federal Republic of Germany, the Slovak Republic and the Republic of Hungary. |
| first_indexed | 2024-04-14T02:56:51Z |
| format | Article |
| id | doaj.art-403698a3cfcd4a96a792d69d29767c55 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 |
| language | English |
| last_indexed | 2024-04-14T02:56:51Z |
| publishDate | 2009-05-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-403698a3cfcd4a96a792d69d29767c552022-12-22T02:16:05ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86782009-05-0105(534)05(534)7988The Economic Crisis and its Effects on SMEsRoxana Gabriela HodorogelRomania has ended a high growth cycle. The world economic crisis is worsening with every passing day and Romania increasingly feels the effects of this economic downturn. The sector of small and medium enterprises (SMEs) is the most dynamic in the Romanian economy, but it will also be one of the first to be hit by the global financial crisis the ripples of which have reached Romania as well. SMEs are now considered the most sensitive sector and worst affected by the economic climate. The economic crisis has prompted the member states of the European Union, too, to adopt packages of measures to counteract the effect of the crisis. Here below I will exemplify with the cases of Romania, the Italian Republic, the Federal Republic of Germany, the Slovak Republic and the Republic of Hungary.http://www.ectap.ro/articole/389.pdfeconomic crisisSMEsRomaniathe Italian Republicthe Federal Republic of Germanythe Slovak Republicthe Republic of Hungaryanticrisis measuresanti-crisis planeconomic recessionG20the European UnionInternational Monetary Fund (IMF). |
| spellingShingle | Roxana Gabriela Hodorogel The Economic Crisis and its Effects on SMEs Theoretical and Applied Economics economic crisis SMEs Romania the Italian Republic the Federal Republic of Germany the Slovak Republic the Republic of Hungary anticrisis measures anti-crisis plan economic recession G20 the European Union International Monetary Fund (IMF). |
| title | The Economic Crisis and its Effects on SMEs |
| title_full | The Economic Crisis and its Effects on SMEs |
| title_fullStr | The Economic Crisis and its Effects on SMEs |
| title_full_unstemmed | The Economic Crisis and its Effects on SMEs |
| title_short | The Economic Crisis and its Effects on SMEs |
| title_sort | economic crisis and its effects on smes |
| topic | economic crisis SMEs Romania the Italian Republic the Federal Republic of Germany the Slovak Republic the Republic of Hungary anticrisis measures anti-crisis plan economic recession G20 the European Union International Monetary Fund (IMF). |
| url | http://www.ectap.ro/articole/389.pdf |
| work_keys_str_mv | AT roxanagabrielahodorogel theeconomiccrisisanditseffectsonsmes AT roxanagabrielahodorogel economiccrisisanditseffectsonsmes |