The impact of the current financial crisis on the business perception of Romanian entrepreneurs Cover Image

Impactul crizei economice curente asupra percepţiei întreprinzătorilor români cu privire la mediul de afaceri
The impact of the current financial crisis on the business perception of Romanian entrepreneurs

Author(s): Costea Munteanu
Subject(s): Politics / Political Sciences
Published by: Fundaţia »Societatea Civilă« (FSC)
Keywords: legal and fiscal framework; entrepreneurs' perception; SMEs' structural fragility; active firm; inactive firm

Summary/Abstract: This paper comments a number of surveys that investigate the perception of the Romanian SMEs on both local legislative and fiscal environments. The analysis covers the years before and after the current crisis hit the Romanian economy. One of the important findings is that under the current economic crisis the perceived main obstacle to development has shifted to those related to the economic climate, falling domestic demand, and difficulties in ensuring financial resources. As to the legal framework, remarks of the SMEs surveyed reveal that not the general conditions are questioned but the complexity and often contradictory nature of the regulations. Also technical procedures are found to be too cumbersome. Both before and under the current crisis, SMEs demand lower taxation on wages, more efficient bureaucracy and less burdening state controls.

  • Issue Year: 2010
  • Issue No: 148
  • Page Range: 3-10
  • Page Count: 8
  • Language: Romanian