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Present and Future of Entrepreneurship Development in Romania

Author

Listed:
  • Madalina Tocan

    ()

  • Oana Chindris-Vasioiu

    ()

Abstract

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
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