World Bank report outlines business friendliness of Romanian cities

Autor: Claudiu.Padurean din 16 iulie 2017, Vizualizari: 370

World Bank report outlines business friendliness of Romanian citiesThe Romanian capital Bucharest generally performs better than smaller cities in the country in the way it deals with the demand for business services, according to the latest World Bank report Doing Business in the European Union 2017: Bulgaria, Hungary and Romania, quoted by Romania-Insider.com.


The report looked at business regulations affecting domestic small and medium sized firms in five areas: Starting a Business, Dealing with Construction Permits, Getting Electricity, Registering Property, and Enforcing Contracts, says TransylvaniaToday.ro.

 

Brasov, Bucharest, Cluj-Napoca, Constanta, Craiova, Iasi, Oradea, Ploiesti and Timisoara were the Romanian cities analyzed.

 

In Romania starting a business anywhere in the country requires the same six procedures and the same fees, equivalent to 1.5% of income per capita. Still, the time it takes varies from 12 days in Bucharest, Oradea, Ploiesti and Timisoara to 25 days in Craiova. The main factor behind this variation is the time it takes to register for VAT. In Constanta it takes two weeks.

 

Bucharest has the most streamlined process in dealing with construction permits, the report found. In the capital it takes 24 procedures, while in Cluj-Napoca, Ploiesti and Timisoara it requires 27. The main difference among the Romanian cities is in obtaining project clearances before construction. This process is most efficient in Craiova, the Romanian city that has advanced furthest toward global good practices in construction permitting.

 

But Craiova has neither the fastest nor the least costly construction permitting process overall in Romania. Instead, thanks mainly to a City Hall that operates very efficiently, Oradea stands out as having the fastest process, requiring 156 days, the report notes. By comparison, it takes more than 300 days in Constanta and Timisoara. Oradea also has the most expensive process, with the cost four times that in Cluj-Napoca, Craiova or Iasi.

 

Getting electricity takes on average nine procedures, 195 days and 507.8% of income per capita in Romania. Customers in Bucharest, Cluj-Napoca, Constanta, Craiova, Iasi and Oradea are subject to less frequent and shorter power outages than those in the other four cities benchmarked.

 

Read more HERE

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