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October 21, 2020

Only 17 pc of Romanians eye starting their own business

Romania is among the bottom-ranking countries of the world when it comes to people’s intention of starting their own businesses, a report authored by the Post-Privatisation Fund (FPP) shows, underlining that only 17.5 per cent of Romanian are thinking about starting their own business in the next six months, Money.ro informs, quoting Agerpres. “Almost half (49.99 per cent) of Romania’s adult population avoids setting up a new company, fearing financial failure. This attitude puts Romania on 5th place in a table on participation in the business environment, behind states such as Greece and Hungary. The potential entrepreneurs’ reticence is due to the lack of regulations meant to stimulate entrepreneurial attitudes, but also of a lack of business education,” Peter Bata, CEO of FPP, stated. At the same time, the survey shows that businessmen with tertiary education lack managerial abilities, that Bucharesters are the most entrepreneurial Romanians and that the density of SMEs stands at 24 per 1,000 people, below the EU average of 42 per 1,000 people.

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