This paper examines the economic efficiency of SMEs active in the field of trade and tourism. The paper draws on survey evidence from SMEs in Brasov city. The research has been conducted between April-May 2005 on a number of 133 SMEs. According to a statistical database, research has been...

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...

The paper is aimed at studying the absolute and conditional convergence in the Central and Eastern European countries. Given that these countries have common roots and their economies have experienced similar challenges over time, the regional convergence in the CEE region might be seen as an...

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...