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Thursday, February 03, 2005
Business in Romania blog
Liviu Voinea published an article in CAPITAL's latest issue about "how long it takes to open a new business in Romania". (Romanian version only).

I read the article and it seems to me totaly unprofessionaly written and documented.

First of all, he takes his personal case and he seems to be very personal about the subject. It's like he wrote the article being quite frustrated about his insuccess. I believe a business reporter should try to be more objective in order to present a clear view for foreign investors.

The line that intrigued me most was "It would seem ok to me that the process would take one day: you give the Personal Number or the Social Security number (like in the US) and you register it electonically". Well, Liviu, actually it takes more than one day to register a company in the US. Official statistics say it takes 5 days and 210 USD.

Of course, its less than Romania (where official statistics made by the World Bank say it takes 28 calendar days compared to Liviu's estimation of 45 days). But still, Romania is quite performant in this case compared to Germany, Poland, Bulgaria and other European countries.

For those of you interested in this subject, I recommand you to read THIS ARTICLE, written in a more professional manner and based on official statistics, not only on a personal example.

Posted by Mihai : 2/03/2005 01:12:00 pm Opening new business in Romania - 2
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