BUSINESS GRANTS SOURCES IN THE CONTEXT OF JOINING
                    THE EUROPEAN UNION

                            Professor Ph.D. Moise Ioan Achim,
                          “1Decembrie 1918” University Alba Iulia
                          Assistant Ph.D. Student Larisa Dragolea
                          “1Decembrie 1918” University Alba Iulia


        Abstract: In the actual context, the capital is the main production factor and the
development of businesses has become practically impossible without taking into
consideration the financial market and the resources it is providing to the economic agents.
Any kind of business, regardless of its development, implies a direct contact with the financial
market, more exactly with the institutions which intermediate the capital resources’
mobilization and of the services it’s providing.
        Understanding the way the financial system works, the specific financial mechanisms
used when allocating saved capitals for the sustainment of investments and understanding the
involved costs and risks becomes essential for the development of a business on solid ground.
At its turn, the financial system is subjected to permanent changes and adapts to the new
demands of the economic agents by offering them the financial resources they need in
conditions of maximum efficiency in terms of risks and costs.
        In this writing we will try to do a presentation and to enlarge upon the main type of
non-refundable financing instruments that an entrepreneur can access with the purpose to
start and develop a business.

       Key words: European Union, capital, busimess grants
       JEL code: E00