EUROPEAN UNION FUNDS AS A SOURCE OF FINANCING THE COMPANIES INVESTMENTS (Fundusze unijne jako zrodlo finansowania inwestycji w przedsiebiorstwach)

• Authors: Kornet Katarzyna
• Languages of publication: PL

Abstracts

EN

Entrepreneurs are main beneficiaries of the funds from European Union. The process of financial support from EU for entrepreneurs conducting business activities in Poland is an important issue, which should be taken up by entrepreneurs, government and other offices and institutions, which participate in the process of absorption of the financial support. Introduction of the possibilities of financing and realization of the investment originating from various EU programs in new the 2007-2013 programming perspective, understanding of the stages of preparation of the project and application form, knowledge about financing principles of the investments from granted support are essential. Co-financing of project realized from EU financial resources is connected with a lot of advantages. First of all, the donations present an additional source of financial support for enterprises which allow to accomplish the investment bear considerably with lower costs than by using other sources (for example credit). Secondly, the donation allows accomplishing the investment faster, to create new additional job positions and utilize modern technology, which company couldn't afford to by using its own funds. Moreover, the resources from various European Funds have a favorable effect (impact) on enterprise development and on improvement its competitiveness in the market. The company and all technologies, which could be implemented, can become more innovative. If the firm has an access to such sources of financing, it would have an opportunity for considerably faster development in comparison with other forms of financing its activity. Thirdly, the range of support for enterprises is very wide. Company can request for funding of project from various areas, from purchasing fixed assets and buying land or from purchasing intangible assets to take advantage of an advisory service.

Keywords

EN

ENTERPRISE; EUROPEAN FUNDS; PROJECT

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wyższa Szkoła Finansów i Zarządzania w Warszawie
• Journal: Contemporary Economics
• Year: 2008
• Issue: 4(8)
• Pages: 5-20
• Document type: ARTICLE

Contributors

author

Kornet Katarzyna

• Katarzyna Kornet, Uniwersytet Ekonomiczny, ul. Rakowicka 27, 31-510 Krakow, Poland

Identifiers

CEJSH db identifier

11PLAAAA092438