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Iohannis: Legislation, the bureaucratic death of a good deal of SMEs

Inquam Photos / Octav Ganea
Inquam Klaus Iohannis tren

President Klaus Iohannis said in Ploiesti on Wednesday that the existing legislation is a bureaucratic death to a great deal of small and medium-sized businesses, pointing out the need to create the right framework. "At the moment, my impression is that the legislation allows large enterprises to grow, but it inflicts a bureaucratic death on a good deal of small and medium-sized enterprises. Being entrepreneur in Romania is hard now, and that is not normal. If we want to have a thriving economy, we must create the right framework," Iohannis told a debate called "The cities of Romania 100 years after the Greater Union. A Smart Future for Ploiesti hosted by the local Oil and Gas University.

He added that there is no guidance for those who want to start up a business. "I think this is wrong. You cannot be a business man without knowing the basics of doing business, many have experimented on their own, but I think it would be reasonable to expect education to be provided for that. I believe that there are two areas where we need to act with wise government policies: creating a framework with a simple and transparent bureaucracy and, on the other hand, securing the possibility for people who want to open up their own business to learn somewhere about doing business," said Iohannis.

Agerpres.

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