GRANT SCHEMES FOR SME'S - AN OPPORTUNITY FOR EASTERN CROSSBORDER AREAS IN THE ACTUAL ECONOMIC LANDSCAPE.

The objective of this paper is to set up the main features of a possible grant sub-scheme designed for the small and medium enterprises (SMEs) located in the crossborder area Romania-Ukraine-Republic of Moldova. The research is focusing on four main aspects: the actual European economic framework with target on the legal European frame concerning the SMEs, the economic background of the target area, existing cross border cooperation grant schemes for the target area designed for different beneficiaries and the specificity of the financial instruments dedicated to SME's. The analyze of the mentioned aspects shows the the most important features that should be included in a grant subscheme proposal and the necessary steps for action. [ABSTRACT FROM AUTHOR]