The theoretical part of this paper is focused on presenting the main strategies of internationalization that can be used by SMEs in order to diversify their markets and enhance their profitability. The empirical research is aimed at presenting and analysing statistics regarding the performance of Romanian SMEs in relation to the average of overall EU SMEs. The purpose of this paper is to analyse the activity and performance of Romanian SMEs in relation with SMEs from other European countries. A set of concrete recommendations are formulated for creating a better economic and legal environment for small and medium enterprises from Romania that have set the objective of extending on other European markets or are in the process of internationalization of their business. Read more

Our study aims to identify the influence that both economic growth and human development have on the logistics performance of the EU member states. When discussing the economic development of a country, the human and economic growth components tend to be separated. This research aims to fill this gap by integrating both perspectives into the comprehensive variable of economic development. Utilising a linear regression model, the study uses as independent variables, the human development index and the GDP per capita (as the main indicator for economic growth), while the logistics performance index (LPI) is considered the dependent variable. Based on the results, both independent variables of the model explain up to 54% of the variation of the LPI in the EU member states (plus Switzerland). Furthermore, the results of the research indicate that the strongest correlation is identified between the human development index and logistics performance index (0.73). The study explores how economic growth and advancements in human development metrics enhance the efficiency and effectiveness of national logistics systems. Findings suggest that broader economic and human development conditions are associated with stronger logistics performance, as reflected in the composite LPI measure. Furthermore, human development – assessed via education, health, and social welfare – arises as a crucial factor influencing logistics performance, underscoring the importance of human capital in facilitating sustainable transportation and trade systems. The results highlight the significance of combining economic and social development strategies with logistics policies to improve competitiveness and connectivity in the EU. Read more