IDEAS home Printed from
   My bibliography  Save this article

Present and Future of Entrepreneurship Development in Romania


  • Madalina Tocan
  • Oana Chindris-Vasioiu


Entrepreneurship should be promoted as a serious alternative for the classical professional career. In Romania the SMEs fail to contribute significantly to the formation of the gross domestic product and to economic growth, as long as there isn’t a sufficiently large number of firms and a favorable framework for their the establishment and growth. Taking into consideration the low level of entrepreneurship development from Romania comparing with EU, the Romanian State should promote entrepreneurship in school, entrepreneurial education being vital for the formation of skills and entrepreneurial behavior in Romanian society. Government policies should stimulate the competitiveness of SMEs on the long run, taking into consideration the major deficit of competitiveness the SME sector in Romania has compared to SMEs in the European Union. The present paper tries to present and analyze the current state of development of entrepreneurship in Romania and on the basis of the analysis to formulate a number of conclusions and recommendations concerning its development.

Suggested Citation

  • Madalina Tocan & Oana Chindris-Vasioiu, 2015. "Present and Future of Entrepreneurship Development in Romania," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(2), pages 91-95, June.
  • Handle: RePEc:khe:journl:v:7:y:2015:i:2:p:91-95

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. , Aisdl, 2020. "Sustainability model of Vietnamese women entrepreneurship," OSF Preprints kjmdr, Center for Open Science.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:khe:journl:v:7:y:2015:i:2:p:91-95. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adi Sava (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.