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.