THE INFLUENCE OF THE ENTERPRISE SIZE ON THE EFFECT OF EU GRANTS

In the European Union there are important differences between the GDP per capita of various regions. The biggest differences are found between regions in Western Europe and those in Central and Eastern Europe. To reduce these disparities, special funds were allocated to less developed countries, in order to finance various public and private investments. The funds allocated to Romania were included in the seven operational programs addressing various issues. This research examines the efficiency with which the funds addressed to business were used. Furthermore, this paper analyzes the influence that the size of the company has on the indicators of return on investments (referring to investments financed with EU funds). Following the analyzes, we found that at micro-level, the allocated EU funds generated effects, but their intensity is very low