Loading ...Romania has so far weathered well the international crisis but it has to continue its structural reforms, Arabela Aprahamian, private sector development specialist with the World Bank Office in Romania told a news conference on November 11.
It is very important that the structural reforms continue, particularly as far as the business milieu and competitiveness are concerned, in the context of the ongoing global crisis, the World Bank official told the launching press conference of a PricewaterhouseCoopers report on taxes in 2009.
She mentioned some reports and studies of international organisations, saying that besides figures and rankings they clearly indicate the main areas in which the Romanian state officials have to step in.
She mentioned some reports and studies of international organisations, saying that besides figures and rankings they clearly indicate the main areas in which the Romanian state officials have to step in.
She said that these analyses consistently indicate that the business environment, investment in innovation, investment in transport and telecommunications infrastructures as well as investment in human resources and modernising the labour market should be the priorities of any government.
Aprahamian also pointed out the importance of the small and medium-sized enterprises, saying these commercial companies of Romania have much in common with the Asian ones, which weathered well the 1997-1998 crisis, as they call on the banking system for funding to a limited extent and try little to access foreign markets, both of which could lead to better endurance in a crisis.
According to the PricewaterhouseCoopers’ “Paying Taxes 2009 – The Global Picture” report, Romania is ranked 146th in the world in terms of ease of paying taxes by medium-sized enterprises, and 181st in terms of number of tax payments.
In a Doing Business 2009 report of the World Bank, Romania ranked 47th as far as the business environment is concerned, but in terms of the labour market, property registration and taxes Romania is bringing up the rear in the rankings.
A Global Competitiveness Report of the World Economic Forum releases this year placed Romania 68th in 134, pointing out infrastructure, labour market efficiency, innovation and business sophistication are the main problems facing the country.
European Union’s European Innovation Scoreboard has Romania at a low place in terms of innovation, while the estimates of how long it takes Romania to reach a EU average level in this area varies between 22 and 76 years, depending on scenario.
Romania was also 25th in the EU-27 in a recent report of the World Economic Forum about reaching the competitiveness targets of the Lisbon Agenda of the EU.
Romania was also 25th in the EU-27 in a recent report of the World Economic Forum about reaching the competitiveness targets of the Lisbon Agenda of the EU.
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