Romania Should Focus On Supporting SMEs - Ctrl Bk Head

Romanian authorities can take lots of measures to support small and medium-sized enterprises, such as reducing bureaucracy and checkups, but also improving the business environment, central bank governor Mugur Isarescu said Wednesday.

14 views

"Bureaucracy may cost a SME some important percentages of its turnover," Isarescu told a seminar.

The authorities should loosen the excessive inspections on the SMEs, as these checkups do not reduce the underground economy.

Ensuring macroeconomic stability, legislative predictability, a stimulating business environment and a reduced bureaucracy will help SMEs survive and will create more jobs and added value, Isarescu also said.

In 2009, SMEs' sales represented over 60% of the turnover of all companies in Romania, the governor said.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.