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
 
FREE EXCERPT
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-
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

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