Strategies of the Development of Entrepreneurship and SME

ROMANIASTRENGHTWEAKNESS• Stabilisation of macroeconomic environmentand of the regulation framework;• According to the Law no. 370/2002 wascreated the One-Stop-Shop national networkfor registration and authorization of theenterprises;• The registration procedures for newly establishedenterprises is simplified and reduces theprocedural terms for obtaining the registrationcertificate in 3 or maximum 5 days;• The increasing of SMEs economic potential inthe productive and service sectors;• Qualification, adaptability and relatively lowprice of labour force and good educationallevel of economically active population;• National Council of Small and Medium-sizedPrivate Enterprises in Romania – CNIPMMR– represents the interest of entrepreneursagainst the Government;• The SMEs have a foreground access to publicfounds and to the national R&D plan.• Less predictable macroeconomic conditionsfor SMEs growth, compared to those of EU;• Lack of the new technologies and updateequipment, low labour productivity andprofitability, low competitiveness and absenceof linkages between research institutes and theproductive sector;• Insufficient development of high qualitybusiness support services;• Low level of entrepreneurial curricula atsecondary schools and universities;• Low level of the management and marketingskills in SMEs;• Large disparities in the economic and socialdevelopment of regions;• High level of corruption at state andregional/municipal level;• A large number of controls over SMEs by thepublic institutions;• Low level of the labour productivity.OPPORTUNITYTHREATS• EU integration provides opportunities tofinance SME related initiatives and projects;• Expanding service sector especially in ITCsector and increasing demand on the fasterspread of results in information technology;• Reform of public finance system through thefiscal code and fiscal code procedures;• Increasing of the FDI investments in Romania;• Increasing of the SMEs export weight on EUmarket and concerning of the SMEs regardingthe implementation of the EU standards andquality management systems• There are fiscal facilities for students who wantto start their own business, being remitted theinitial costs of getting the authorizations;• Continuation of the economic growth and thelow level of inflation rate will contribute to thegrowth of the SMEs performance level.• Unavoidable decreasing in competitiveness ofkey branches of regional industry as aconsequence of growth of relative unit labourcosts;• Outflow of qualified workforce abroad;• Increasing regional disparities related to thevalue added realized by enterprises;• The new judicial procedure regarding the exitfrom the market is slowly applied;• Low economic level of the rural regionscompared with the urban areas;• Frequent change of the legal frameworkcreates an important impediment on long termplanning .Source: (1) Romania’s Country SME Statistics, Bucharest, 2004; and(2) ERENET analyses, 2007(3) Dr. Daniela Stefanescu, Head of Management Department, Faculty of Economics and AdministrativeSciences, Petru Maior University, Targu Mures (Romania)148