Romania: Evidence of differences in entrepreneurial activity among Romania's 8 region is reported

Bucharest - 10 August 2005 -
Romania's eight regions are showing increasingly marked differences in terms of entrepreneurial activity, according to a study conducted by the Romanian Centre for Economic Modelling (CRME). In Bucharest, there are 24.3 companies per 1,000 people, while in the north-eastern region there are three times fewer firms, the study shows.

The pace of entrepreneurial development in both Bucharest and the north-eastern region has remained stable since 1997. However, in the West, North-West and Centre regions, the pace has increased and in the three southern regions it has slown down since 1997, according to the CRME.

Overall, there are 2.5 times less companies per 1,000 people in Romania compared to the average in the European Union, the study shows. Note that it is the regions closest to Hungary and the rest of the EU that perform better in terms of entrepreneurial activity.

source