PERSPECTIVES ON THE MANAGEMENT AND FINANCIAL PERFORMANCE OF SMES IN THE CONTEXT OF THE CIRCULAR ECONOMY AND THE CRISIS GENERATED BY COVID-19 IN THE EUROPEAN UNION

Abstract

In the last 30 years, SMEs have marked the growth of the world economy. The Council of the European Union adopted The Regulation laying down the multiannual financial framework for the years 2021-2027, with a total budget of over 1,800.00 billion euro, which provides for the recovery of states following the COVID-19 pandemic and a series of long-term priorities in different areas of intervention. A big part of this investment is for SMEs. In this context, financial management and innovation within SMEs require a analysis, in order to draw a series of directions to be followed in developing financing programs so that the managerial and financial sustainability of SMEs can be closely related to the principles of the circular economy.