Entrepreneurial potential is strong in Romania, but fear of failure and financing barriers persist - report

Entrepreneurs in Romania correctly perceive business opportunities in the market but fear failure and see difficult access to financing as a significant barrier to business development. These are two main findings included in the country report on entrepreneurship - research conducted by the Babeș-Bolyai University (UBB)-FSEGA team within the international project Global Entrepreneurship Monitor (GEM).

Compared to countries in Eastern Europe, Romania's entrepreneurial potential is competitive, with a high perception of good opportunities for new companies. Thus, 63.75% of Romanians see favorable conditions for starting a business in the next six months, and 62.68% claim they have the skills and knowledge necessary to launch a business.