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The Creation of New Businesses in Romania

Author

Listed:
  • Boldureanu Gabriela

    (Department for Interdisciplinary Research in Social Sciences and Humanities ”Alexandru Ioan Cuza” University of Iasi)

Abstract

Creating new businesses is a key element in the process of economic development and growth because: there is a positive relationship between the development rate of a country or region and its rate of entrepreneurial activity; it contributes to the economic growth by generating employment and the development of innovations. The data provided by the National Institute of Statistics and Trade Register prefigures worrying trends on the creation rate of new enterprises in Romania concerning the number of suspensions, dissolutions, company cancellation from the Trade Register. The dynamics is fluctuating displaying positive trends. The major challenge in the current period is the stimulation of entrepreneurship and addressing obstacles to the development of entrepreneurship in Europe through simpler procedures for new businesses and the improvement of access to funding.

Suggested Citation

  • Boldureanu Gabriela, 2015. "The Creation of New Businesses in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 456-461, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:1:p:456-461
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    More about this item

    Keywords

    new businesses; entrepreneurship; business demography; innovation.;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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