The Dynamics of New Enterprises Created in Romania

Abstract

The creation of new enterprises is vital to any dynamic economy. Currently, there are many projects that widely promote the start-up of new businesses by reducing constraints. Other projects provide assistance, aimed at combating the forces that cause business failure, while others seek to help existing businesses improve their performance and expand. The rationale for policies and the sizing of support for entrepreneurship requires regular evaluations based on relevant measurement indicators. Entrepreneurship manifests itself in the economy in a multitude of forms, with very different results that are not only reflected in economic and financial well-being but are correlated with technological progress, job creation and the reduction of social inequities. This article’s main goal is to capture the changes in the dynamics of new businesses and to provide a profile of new enterprises created in Romania considering the environment of residence, the development region, the field of activity and the size class. The data collected from the website of The National Institute of Statistics, were analyzed from a statistical perspective. The results highlight that over 70% of new enterprises are in urban areas, in Bucharest Ilfov Region or North West Region, in the field of trade or car repair and has no employees or at most 4 employees.