Romania is taking significant steps to streamline its business licensing framework, aiming to foster a more dynamic and transparent investment climate. According to a recent report by the Organisation for Economic Co-operation and Development (OECD), these reforms are designed to simplify administrative procedures, reduce bureaucratic hurdles, and enhance regulatory quality. As the country seeks to boost entrepreneurship and attract foreign investment, the OECD’s analysis highlights both progress made and challenges ahead in modernizing Romania’s approach to business licensing. This article delves into the key aspects of these reforms and their potential impact on the Romanian economy.
Business Licensing Challenges in Romania Undermining Market Competitiveness
Romania’s current business licensing system has been criticized for its complexity and inefficiency, which significantly impede the ability of entrepreneurs to establish and grow enterprises. Lengthy approval…
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Author : Victoria Jones
Publish date : 2026-01-20 18:39:00
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