1 C
December 2, 2022

National SME Forum in Cluj. US Ambassador to Romania Hans Klemm recommends transfer of technology developed in universities to SMEs

The US Ambassador to Romania, Hans Klemm, recommends that the managers of small and medium-sized companies transfer to the private sector the technology developed in universities.

Attending on Friday the National Forum of Small and Medium Enterprises in Cluj, which took place at the University of Agricultural Sciences and Veterinary Medicine, the American diplomat believes that this kind of collaboration may be beneficial for both sides. He explained that the US created, as early as 40 years ago, the legal framework that facilitates the transfer of technology from universities to the private environment.

“The best example is Silicon Valley, where most companies had their roots in the University of California or Stanford. A new technology is developed in the university, then moved to private sector to be more easily traded”, said Hans Klemm.

The US diplomat said that a country’s economy relies heavily on SMEs, whose success can also affect be felt by the country, which is why transparency of administrative decision-making or predictability are key elements of a state’s development.

The National SME Forum in Cluj was attended by the President of the National Council of SMEs, Florin Jianu, Presidential Advisor Cosmin Marinescu, President of the Cluj Association of Business Owners and Craftsmen Augustin Fenesan and Mayor Emil Boc.


Iohannis criticises political decision-makers’ failure to see frequent legislative changes thwart business plans’ success


In the message conveyed to the National SME Forum, President Klaus Iohannis underscored that political decision-makers fall short of understanding that no business plan can be successfully carried through if every new government implements legislative and tax changes.

“Romania had last year an economic growth of 7 percent, an EU record high. Yet, as I have repeatedly pointed out, more does not necessarily mean better, if the determinants of growth are not sustainable factors. This is why I cautioned of how important it is that the quantitative, consumption-based dimension of growth is accompanied by a qualitative dimension based on the contribution of investment and exports. The first quarter’s economic results below expectations point to the need for a change in the qualitative structure of economic growth, yet beyond figures, what is more problematic is the private sector’s experiencing a certain deterioration of confidence in the outlooks of economic policies, which should seriously set us thinking,” Iohannis remarks in the message delivered on his behalf by presidential advisor Cosmin Marinescu at the forum organized in Cluj-Napoca by the National Council of Private Small and Medium-sized Romanian Enterprises.

“Despite repeated calls for economic predictability, by your Council included, it seems that policy-makers fail to understand that no business plan can be successfully accomplished with legislative and fiscal changes implemented by every government,” added Iohannis.

The President also mentioned that the government’s concern with the development of infrastructure and the absorption of European funding is too little visible.

Iohannis concludes that Romania’s modernization in the coming decades crucially depends on investment in creativity and innovation.

Related posts

GE awarded technology order for South Eastern Europe’s largest gas project in five years

Nine O' Clock

Banks’ role in economic upturn (II)


New Chief Operating Officer at BCR

Nine O' Clock