Most of young people want to start a business, but consider corruption is an impediment, survey

Over 50% of the young people who took part in a sociological poll said they want to start a business, but many of these are discouraged by corrupting, the current political situation in the country, bureaucracy and other negative phenomena, IPN reports.

The national study among existing and potential entrepreneurs was carried out by Magenta Consulting in September – October 2015. This shows that the traditional sectors – agriculture, trade and services – hold an increased interest for starting a business.

The survey revealed that the young people from rural areas are more enthusiastic about starting a business in agriculture and trade than those from urban areas, while the young people from towns and cities are more interested in the service sector.

Asked where their business will be located, 57% of the potential entrepreneurs said in Moldova, 22% - in Moldova or abroad, 7% - only abroad, while 14% are not yet sure.  

“The successful young people who achieved good results in Moldova are not promoted in society. Emphasis is placed on the promotion of the success of the young people who went abroad and those who remained are thus motivated to leave too so as to show that they can also be successful. Even the term ‘success’ seems to be connected with the going abroad,” it is said in the survey’s report.

The poll was commissioned by the team of the Innovation and Entrepreneurship Accelerator “DreamUps” and was conducted with the grant provided by the Ministry of Youth and Sport. Its goal was to assess the needs of the young people when these start a business.

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