In the context of energy sector reforms pursued by Romanian government since 1990s, we compare and contrast the market outcomes of European utilities' investment with the host government policy objectives. We begin with energy market reform in Romania and review governments' efforts to attract...

This paper provides a comparative analysis of Romanian and Greek exports in the context of EU-integration. The Romanian revealed comparative advantage in exports is investigated by calculating the specialization index. The same indicator is examined in the case of Greece. The evolution of...

This aim of this paper is to emphasize the role of strategy within small and medium-sized enterprises (SMEs) operating in trade. First, some brief considerations are made on the particular traits of strategy in trade SMEs as described in various studies. Then, the most important strategic...

Romanian trade SMEs face a difficult period since the country’s accession to the European Union due to various reasons, such as competitive pressure from large retail chains and the increased regulatory burden stemming from EUnorms2. This paper analyses the situation of trade SMEs in Romania,...

This paper investigates the relationship between a country’s exports and foreign direct investment (FDI) by transnational corporations, with a focus on Romania. First, we lay out the theoretical background concerning the manner in which FDI shapes a country’s exports. Then, we give a short...

Romanian trade SMEs face a difficult period since the country’s accession to the European Union due to various reasons, such as competitive pressure from large retail chains and the increased regulatory burden stemming from EUnorms2. This paper analyses the situation of trade SMEs in Romania,...

This paper analyzes the implementation of regional policies in practice, by means of a case study conducted on the city of Brasov. Sibiu closed its mandate as the European capital of culture in 2007 successfully. In order to follow Sibiu’s path, Brasov looked the future with the following aim...

Small and medium-sized enterprises (SMEs) in trade and tourism confront themselves with a rather precarious level of managerial training. Data collected by means of a field research on SMEs in Brasov city tends to support this view. The paper highlights some of the findings of the research in...

The aim of this paper is to emphasize the role of internet for small and medium-sized enterprises (SMEs) operating in the hospitality industry. First, some brief considerations are made on the growing importance of the internet for travel sales on the European market. Online marketing offers...

The European Union (EU) supports small and medium-sized enterprises (SMEs) through various programmes of financing. Thispaper starts by reviewing the recent literature related to the topic of EU funds accessed by SMEs. By means of a broad classification, the second section tries to shed a light...