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Romanian entrepreneur’s portrait: Male, 45 yo, 12 hours of work per day

By Anca Bernovici
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The average age of the Romanian entrepreneurs is almost 45 years old and started out by themselfs, “White Paper of SMEs in Romania 2016” research report shows. Also, only in 22 percent of local SMEs there are between two and five associates.

One in five entrepreneurs dedicate 12 hours every day to their business, meaning that he works by 20 percent more than full-time employee in Romania.

Increasingly more Romanians start a business on their own, a fact supported by the increase of 51 percent in the number of SRL-D companies (microenterprises belonging to debutant entrepreneurs) compared to last year.

Most of the Romanian SMEs are owned by entrepreneurs of 45-60 yo (37.5 percent) and by those of 35-45 yo (33.8 percent).

On the opposite side, there are young people under 25 yo who hold just over 1 percent of SMEs.

The same data show that the average age of the Romanian entrepreneur is 44.4 yo.

Most entrepreneurs are men (69.7 percent) with economic training (22.3 percent) or engineers (17.2 percent) and married (82.9 percent) and with children (70 percent).

One in five respondents in the survey dedicate at least 60 hours per week on their business and do not involve family members in the company’s activity, according to the report.

The study was conducted by interviewing 1,096 entrepreneurs from all the counties.

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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