The impact of corruption on Romania’s business sector

The aim of this research is to assess the corruption impact on the Romanian economy, reflecting the reality in which the Romanian business develops its activities. Corruption, a term used by a large part of citizens, can be found in the public sector, as well as the private sector, influencing the smooth development of the economy. Regardless of the modern economy which is permanently evolving, the corruption is still the principal participant of a phenomenon who has an important influence despite of the continual strategies for limitation. In Romania, in the last 30 years of democracy, corruption developed faster and found new ways of appearance, which have slowed down the process of economic evolution of the Romanian society, creating a feeling of distrust in the state institutions and in the business environment. Also, with an anti-corruption legislation at global, regional and national level, who supposed to limit the fraud, it remains a clear point the fact that corruption couldn't be stopped, especially in business environment of Romania. The results of the study shown us that there are significant losses for the businesses and a disturbing of the economic cycle of the country. At the same time, we can approve the fact that businesses are an area of a predisposition to corruption. There are numerous possibilities for unethical behaviors that come with a numerous consequences who can affect the government and the citizens. It is therefore necessary to analyze the impact of corruption on business development.