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January 16, 2021

New argument in favour of youth creativity:Romanian students win Grand Prize at Simulated Enterprises Fair in Venice

The winners of the first Romanian edition of the Simulated Enterprises Fair have won the grand prize at the Simulated Enterprises Fair in Venice, Italy, thus proving that our country has a generation of innovative young people with a very developed entrepreneurial spirit, Florin Jianu, President of the Association of Young Entrepreneurs in Romania (PTIR) and former secretary of state within the Victor Ponta Government, stated.

“The fair is a measure meant to encourage entrepreneurship among youth, to promote entrepreneurship, and it is, at the same time, a modern way through which they promote themselves, they create friends and engage in networking in this formal setting. It is an opportunity not only for the future but also for the present. I told the students that in my opinion those who stand to win most in life are those who will transform these simulated enterprises into real enterprises,” Florin Jianu stated.

According to him, the new Fiscal Code will include a stipulation favouring start-up entrepreneurs, namely an income tax of just 1 per cent.

“I have informed them that the new Fiscal Code includes a stipulation that favours start-up entrepreneurs, in the sense that they will have an income tax of 1 per cent for a period of two years. This is another point concerning start-up entrepreneurs and the institutional framework for start-up entrepreneurs in Romania. There is also the start-up entrepreneur law according to which you don’t pay a thing when registering your company at the Trade Registry and you have tax deductions for a maximum of four employees,” the PTIR President explained.


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