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Theoretical and Applied Economics
No. 9 / 2011 (562)

German SMEs Affected by the World Crisis

Roxana Gabriela HODOROGEL
Bucharest Academy of Economic Studies

Abstract. 2009 was one of the hardest years in the last decades for SMEs. The areas that had faced difficulties before the crisis felt sharply the negative effects, but those which had registered continuous progress until the crisis broke out have also been affected. 2010 was a year of reconsolidation, while the current year could mark off a progress for most SMEs, due to a very special evolution of the German economy as a whole (an economic growth of 3.6% in 2010, much more over analyst expectations, and a forecast of 2.8% for 2011). Regarding the establishment of SMEs in the crisis period, an unexpected development has paradoxically been noticed in Germany: the interest of individuals in establishing a business, declining in the last years, began to grow.

Keywords: economic crisis; economic evolution; Germany; Romania; SMEs; SMEs establishment, SMEs liquidation.

Contents

Novum Organum Oeconomicum
Marin Dinu
1

Corporate Governance in Emerging Economies: The Case of Romania

Niculae FELEAGĂ · Liliana FELEAGĂ · Voicu Dan DRAGOMIR · Adrian Doru BIGIOI

2

Banat-Crişana as Micro-destination – Elements of Tourism Image and Tourism Identity

Aurelia-Felicia STĂNCIOIU · Nicolae TEODORESCU · Anca-Daniela VLĂDOI · Codruţa BĂLTESCU · Marilena STOIAN

3

News in Competition Regulation in Romania. Institutional Consolidation of the Competition Council

Cornelia LEFTER · Oana OPREA (TEODORESCU)

4

Education and the Characteristics of Public Goods. Overlaps and Differences

Tatiana MOŞTEANU · Georgiana Camelia CREŢAN

5

The Remittance-GDP Relationship in the Liberalized Regime of Bangladesh: Cointegration and Innovation Accounting

Biru Paksha PAUL · Anupam DAS

6

Limiting Civil Liability in the Sphere of Business Auditing

Carmen COSTULEANU · Ionel BOSTAN · Emil HOROMNEA · Marcel COSTULEANU · Carmen CODREANU

7

Analysis of the Possibility to Organize the Management Accounting through the Target Costing (TC) Method in the Romanian Entities

Sorinel CĂPUŞNEANU · Sorin BRICIU

8

Enhancement of Cooperation and Communication between Universities and the Business Environment, Requirement for a Good Functioning of the Knowledge Triangle: Education, Research, Innovation

Laura DINDIRE · Mihaela ASANDEI · Cristina GĂNESCU

9

Predicting Bankruptcy in Pakistan

Abdul RASHID · Qaiser ABBAS

10

Analysis of the Correlation between GDP and the Final Consumption

Constantin ANGHELACHE

11

German SMEs Affected by the World Crisis

Roxana Gabriela HODOROGEL

12

Contributions to the Legislative Provisions Governing the Management of Waste Containing Asbestos in Romania and EU

Silvian IONESCU

13

Tourism Competitiveness Index – An Empirical Analysis Romania vs. Bulgaria

Mihai CROITORU

14

Socio-economic Models During the Period of Crisis

Elena MANOLESCU