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Small and medium enterprises the engine for regional development in RomaniaPresentation Marius Negrean Presentation IntroductionSmall and medium enterprisesRegional development Attracting European FundsConclusion

Key words: impact, economy, regional development, market balance, funds.

IMPACT OF SMALL AND MEDIUM ENTERPRISES TO DEVELOPMENT

Introduction Small and medium enterprisesPillar for economy EU describe SMEs - tool to develop countries and economic growthSource of: job creation, social need, balance the labour marketEU funds for business sector through operational programs

Ranking 2014 registrations companies in RomaniaRegionTotal registrationsI Bucharest 11.648II Cluj Napoca 4.074III Bihor 3.468Small and medium enterprisesThe category of micro, small and medium enteprises (SMEs) are defined as enterprises which employs fewer than 250 persons and has an annual turnover of to 50 million euro.

Characterized by:Dynamism Flexibility Innovative force Able to quickly adapt to economic changes

An engine of economic growth

Impact on economic growth (EU)Regional developmentRegional development policy is one of the most important and most - complex in the EUReducing economic and social differences between various regions of Europe Acting in some significant areas for economic development, as :

SMEs, transport, agriculture, urban development, environmental protection, employment and training education.

SMEs sector are opening the door to opportunities for sustainable development through absorption funds.

Attracting European Funds European Funds provide a major contribution to the development of SMEs sector, by developing eligible projects Tool that provides the opportunity for businesses to develop to the next level European Jobs European Funds Consultant (challenge) - Has the task of writing projects to absorb European Funds, used for any eligible regional development.

Conclusions Economic growth is the most important indicator of development of a region. For this reason economy is the key factor for the modernization of the region In every region SMEs are very important, production huge contribution to gross domestic product (GDP) and employmentSMEs have the ability to flexibly to strong competitive markets and quickly adapt to structural changes and cyclical global economy A well developed SME sector can support macroeconomic stability and growth

Creating jobs -> increase the percentage of consummation -> larger cash flow in system-> more healthier and prosperous economy Entrepreneurship education is important for developing the business to the next level and to keep your place in a competitive market Romania is in a period of continuous growth, the financial crisis from 2008 greatly affected the private sector, but now remained the strong players and new players are coming behind with start-ups.