Some Lessons from the Labor Market Experience of EU-funded SMEs in Romania Cover Image

Néhány tanulság az EU alapokból finanszírozott induló romániai KKV-k munkaerőpiaci tapasztalataiból
Some Lessons from the Labor Market Experience of EU-funded SMEs in Romania

Author(s): Árpád Szabó, József Fogarasi
Subject(s): Economy
Published by: Partiumi Keresztény Egyetem
Keywords: EU funding; labor market; SME; startup companies

Summary/Abstract: The SPEED program (Spre o Economie Eficientă si Dezvoltată = Towards an Efficient and Developed Economy) was funded by the Human Capital Operational Program of the EU Structural Funds. In 2018 some 1205 persons took part on a formation course for entrepreneurial skills in the Central Statistical Region of Romania. After the completion of the course their business plans were compared and 36 of them were selected to create firms with a maximum of EUR 40000 non-reimbursable EU grant each. The 36 firms created 76 new jobs and all of them survived the Covid-19 pandemic. This paper summarizes the results of a study which compared the newly established firms with well established SME-s which did not get funding from the SPEED program.

  • Issue Year: 20/2021
  • Issue No: 1
  • Page Range: 37-50
  • Page Count: 14
  • Language: Hungarian
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