Invest in people!

European Social Fund

Sectoral Operational Programme Human Resources Development 2007 - 2013
Project co-financed by European Social Fund through the Sectoral Operational
Programme Human Resources Development 2007 2013
Priority axis 1 "Education and training in support for growth and development of
the knowledge society"
Key Area of Intervention 1.5 "Doctoral and post-doctoral research support"
Title: "Doctoral scholarships to increase the quality of young researchers in
agronomy and veterinary medicine"
Contract Code: POS-DRU/88/1.5/S/52614
Employer: University of Agronomic Sciences and Veterinary Medicine Bucharest

UNIVERSITY OF AGRICULTURE AND VETERINARY MEDICINE

BUCHAREST FACULTY OF ANIMAL
FIELD OF DOCTOR: ANIMAL
SPECIALIZATION: TECHNOLOGY OF BIRDS AND FUR ANIMALS
PhD HRD/ 88/1.5/S/52614,Eng. Georgic SASU

PHD DISSERTATION
RESEARCH INTO THE USE OF DIFFERENT SOURCES
OF FUNDING AVAILABLE FOR INVESTMENTS IN
POULTRY IN ROMANIA
Scientific Coordinator,
Prof. Ilie VAN, PhD

BUCHAREST, 2012

POSDRU/88/1.5/S/52614

INTRODUCTION
After 1989, with the manifestation of intent to join the European Union, Romania has
opted for a definitive democratic political system and a market economy, competition based on
private property, the means of modern production, development strategies consistent with trends
existing worldwide. There followed a long process of transition, a restructuring of property, price
liberalization, macroeconomic stabilization, relocation and economic rehabilitation of the
economy to the fundamental principles of supply and demand. This process required
considerable economic, social and political high costs, was often incomplete or distorted,
polarized and divided the Romanian civil society, created tensions and inequities difficult to
anticipate, prevent or removed. Although Romania is now a full member of the European Union
and NATO, in terms of economic and social the gaps are hard to democratic countries with
market economy strengthened.. In this context Romanian agriculture - important branch agencies
national economy - with an overwhelming impact on the living standards of the population,
social and political stability, an important contributor to the GDP, generating revenue of ......
State Budget has recovered an important gap requires the highest level of investment and the
most radical reform
Agriculture today enjoy a special attention in all countries, regardless of their
economic development. In the contemporary world countries most economically developed
are the biggest producer and exporter of agricultural products.
Romania's agricultural potential widely recognized at the level needed to ensure
agricultural production for a population of about 80 million. Due to varied topography,
hydrological and climate, agricultural production structure is varied and comprehensive, it can
grow and grow most plants and domestic animal species. The role and place of Romanian
agriculture in national and European level can not be determined without knowing the stages in
different social and economic systems. Current level of development is the direct result of these
steps.
In the livestock sector of agriculture, the poultry sector has faced major challenges,
thus redesigned from the ground up as a form of property, massively upgraded due to
technological obsolescence and legacy of the totalitarian regime before 1989, modernized
and expanded on the fly as EU quality regulations and standards poultry production and
animal welfare measures adopted in recent years, while providing a relatively constant
level of domestic production and managed to regain much of export markets and access
new markets in other EU or in third markets.
The advantages of this branch of animal husbandry from biological and physiological
characteristics of birds breeding and growth particularities and increase their rate of replacement
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of generations, Corporate weight, slaughter yield, growth speed, and features geo-climatic, crop
production structure , the river, traditions household consumption and geostrategic position in the
EU and in Europe, developments in the demand for poultry worldwide on being unprecedented
population explosion, are extremely favorable growth and exploitation of birds, obtaining a
highly diverse poultry production and best quality with very favorable economic results in the
medium and long term.
However, in the period after 1989, when Romania switched to a democratic political
system and market economy, and so far, the poultry sector has faced the biggest challenge, which
depended on the survival and adaptation new economic conditions, increased productivity,
efficiency, profitability parameters comparable to those in the EU and worldwide.
After 1991, with the privatization process of the Romanian economy was born and grew
as a share in poultry production, the private sector. It has, at present, 98 - 99 of total livestock
and poultry provide 98% of the total production of eggs and poultry (ASR - 2002) (ASR-2006,
2007, 2008). In a market economy, technological performances poultry production costs, profits
and markets are "regulated" and "controlled" by the largest and most efficient producers of field,
both at global and European level and at national level .
In this context and given the rapid evolution of technology and exploitation of growth
birds at European and global level and market developments and consumption of poultry, this
Setor required and requires a large amount of investment, the difference between success and
failure of poultry companies in Romania are given and the possibility of accessing funding
sources advantageous, or the presence of their investment capital.
Although private Romanian poultry sector faces an acute disinvestment especially
regarding investments, represented either by upgrading / conversion of existing production
capacities are expanding or creating new capacities. Investments made as a result of
privatization, given the privatization methods used and the terms in which contracts were
concluded privatization represented only about 30% of its modernization and refurbishment,
covering the essential especially for aligning technology and adaptation to the market economy.
Privatization strategy as favorable conditions, the transition from state ownership to
private ownership of poultry farms with as little investment conditions for this sector had a
boomerang effect, generated disinvestment, entry of large companies with manufacturers small
with a great need of funding. to meet this need emerged a variety of sources and financing
instruments heterogeneous in terms of access conditions and progress.

However until there was present study, a detailed analysis of the sources of financing of
investments on the Romanian market, the use and effects of their access on increased
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productivity, profitability and recovery of loans. An analysis relevant and objective, scientifically
provides very useful information for all medium and long term forecasting, decision-making
level required for software development, improvement and investment.(Fig. 1).
Fig. 1 The role of feedback analysis of funding sources and their economic effect.

Level Decision
MANAGER / BOARD OF
DIRECTORS

HOLDING POULTRY

Production
structure

In this paper are analyzed and descriptive statistics budgetary funding sources and private
investments on the Romanian market in the period 1991-2011, access and utilization, as well as
economic and financial effects of increasing profitability and productivity in the poultry farms.