young entrepreneurs

Romanians younger than 35 who want to start a micro-company can submit business plans starting Tuesday to a program supporting young entrepreneurs, and receive up to EUR10,000.

Romanian youths that plan to set up firms will be exempt from paying taxes on profit and salaries in the first three years, according to a draft law put up for public debate by Romania’s Ministry of Economy, Commerce and Business Environment, after a similar draft act was debated in September 2009.