Time to Start New Business rose 192% to 35.0 days in Romania in 2018

Time to Start New Business (days)
Economy | Romania | May 17, 2019
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Time to start new business reached 35.0 days in 2018 in Romania, according to the National Statistical Office. This is 192 % more than in the previous year.

Historically, time to start new business in Romania reached an all time high of 35.0 days in 2018 and an all time low of 8.00 days in 2007. When compared to Romania's main peers, time to start new business in Bulgaria amounted to 23.0 days, 7.00 days in Hungary, 4.00 days in Moldova and 6.50 days in Ukraine in 2018.

Romania has been ranked 26th within the group of 173 countries we follow in terms of time to start new business, 124 places above the position seen 10 years ago.

The time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business.

Time to Start New Business Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
Austria days 25.0 25.0 22.0 22.0 21.0
Bulgaria days 25.0 25.0 25.0 25.0 23.0
Czech Republic days 30.5 30.5 30.5 30.5 24.5
Greece days 11.0 14.0 13.0 13.0 13.0
Hungary days 7.00 7.00 7.00 7.00 7.00
Moldova days 9.00 7.00 7.00 6.00 6.00
Poland days 39.0 37.0 37.0 37.0 37.0
Romania days 8.00 8.00 8.00 8.00 12.0
Russia days 18.0 13.2 11.5 10.8 10.1
Serbia days 12.0 12.0 11.5 11.5 6.50
Slovakia days 28.5 33.5 26.5 26.5 26.5
Turkey days 10.5 10.5 11.0 11.0 10.0
Ukraine days 23.0 22.0 22.0 8.00 6.50