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A million of companies have been closed down in Romania over the last thirty years
Over one million companies (1,056,574) have been closed down in Romania over the last thirty years, shows an analysis Termene.ro, according to which lack of business education is the main reason for which many companies fail.
The lack of business education is the main reason for which many companies fail.
Thus, with an annual average of 34,000 closed down companies, Romania lost most companies in 2019 (230,330), 2006 (135,875) and 2002 (109,039).
The main obstacle which the entrepreneurs have when they want to increase their own business is lack of education, which is still at the top, followed by access to financing and lack of knowledgeable people. That is why, we need courses about how to manage and increase businesses professionally, without micromanagement and without sacrifices. In my opinion, 25% of the closed down companies in Romania could have survived if their founders had had access to educational resources and today we would have had 250,000 healthy companies more on the local market’ Adrian Dragomir, business innovation consultant and co-founder
Termene.ro said.
Termene.ro is a platform which offers real time updated information about the companies on the local market.