The Absorption of European Funds Premise of Romanian Business Environment Development

• Author: Gabriela Marchis
• Position: Danubius University of Galati, Department of Economics
• Pages: 445-450

The

Premise of Rom

1

Danubius University of Gala

Abstract: The main

objectives

Cohesion Funds for business env

financial resources are difficult

structural funds in new member

the research eviden ce consists in

of absorption o

f European fund

results

show that European Fund

importance of European financia

in times of financial crisis, so

im

but also to policy-

makers, becaus

process. The value

of this paper

funds for Romanian business env

Keywords: SMEs;

economic cri

1 Introduction

Difficult macroeconomic

contex

amplified the instability of Roma

sector development.

The world economic crisis, al

tho

country with a certain delay

fro

Romanian economy. However,

th

to be very vulnerable

because of

European structures.

2 Romanian Business

E

Turbulences in

the world econom

consumer demand,

the withdrawa

of foreign trade, both exports

and

Performance and Risks in the

he Absorption of European Funds

omanian Business Environment Develo

Marchis Gabriela

alati, Department of Economics, gabrielamarchis@

es

of this paper is to emphasize the important role played b

environment development, especially in times of economic do

lt to access.

Prior work regarding the promotio

n of good

er states was carried out by NGOs. The main

methods

emplo

in comparative analysis of the related work, and also in stud

nds in t he case Romania, especially from the SMEs persp

unds absorption is delayed and negatively influenced by a seri

cial assistance through Structural

and Cohesion Funds is unde

implications

of this study are important to entrepreneurs, esp

ause they can design the procedures of accessing this funds in

er ensues from the original approach of contradictory role pla

environment, because it represents the mirage of overcoming e

crises

; European financial assistance; cohesion

text

characterized by negative and

unpredictable

manian business environment

, with a strong

negativ

though

it quickly spread to Europe from

the U.S.

from the

time of launching, due to the low

level

the

crisis strikes, and the Romanian business

env

of no taking advantage

of cohesion and

integrati

Environment

and the Global Economic

Cris

nomy

were felt in Romanian economy by the

con

wal of

capital flows from abroad and also, by

the s

nd

total imports.

the European Economy

445

elopment

s@univ

-danubius.ro

d by Structural and

downturn when the

d administration of

ployed for capturing

tudying the capacity

rspective. The main

eries of factors. The

deniable, especially

especially for SMEs

in order

to easy this

played by European

g economic crisis.

ble developments

has

tive

effect on the SME

.S.

, has entered in our

vel

of openness of the

nvironment

has proved

ration

mechanisms into

risis

ontraction of

domestic

e sudden

and sharp fall