adevarul.ro/economie/cat-de-pregatit-esti-sa-fii-p

A recent OECD survey revealed that only 45% of Romanian entrepreneurs correctly understood basic financial concepts, highlighting significant gaps in financial literacy. This lack of knowledge can hinder business management, access to financing, and investment decisions. Many entrepreneurs struggle with separating personal and business finances, which complicates financial planning. Additionally, reliance on internal funding is high, with only 7% using bank loans. Delays in payments further strain cash flow, affecting operations and investments. Experts advocate for enhanced entrepreneurial education and training programs to improve financial skills among small and medium enterprises (SMEs).