Recent statistical data confirm Romania as a country where local and foreign entrepreneurship finds systemic conditions to grow.

Formal taxation:

In 2013 against an average European corporate tax rate of 23 percent, Romania kept its “flat” rate unchanged at 16 percent. After all, compared with countries such as France (36.1 percent) and Italy (31.4 percent), the differential is almost double.

If we then go into the details, the Romanian tax system is articulated in order to favor SMEs; Romania aware of the value of small entrepreneurship has adopted a “microenterprise” regime that, under certain conditions, allows for a 3% substitute tax on REVENUES within a maximum ceiling of 65,000 euros per year.

Substantive taxation:

Every entrepreneur has struggled with the nominal and effective tax rate rebus. Indeed, when mentioning the rate adopted by a national tax system, an even more important aspect is overlooked: how many and what costs are deductible in computing the tax?

In Romania as an example, costs pertaining to vehicles are 50% deductible. This stems from the presumption of using 50% of the vehicle in a personal capacity and 50% in the interest of the company.

National currency devalued against the euro:

The national currency responded to the post-2007 crisis (EU accession)with an understandable devaluation by reaching a value that was then maintained in subsequent years to facilitate exports, given the obvious difficulty of sustaining the national economy with domestic consumption alone, depressed by wage compression policies and the crisis suffered. Fortunately, the government in Bucharest does not count among its priorities the abandonment of the Romanian Leu, the only weapon left to defend itself against markets and oligarchies.

European funds coming 2014-2020:

As for the new 2014 – 2020 programming, the resources available for the country amount to about 43 bn. of Euro, up 18% from the funds allocated for 2007-2013, divided as follows: 22.9 bn euros for Cohesion Policy, 19.7 bn. Euro for
Agricultural Policy, 0.17 bn. of euros for the European Fund for Fisheries and Maritime Affairs, and 0.44 billion euros for the European Fund for Disadvantaged People. In August last year, the European Commission validated the 2014 – 2020 Partnership Agreement with Romania, the document that outlines how European structural funds and investments will be used in the future programming period