SIMILAR ARTICLES

Brussels offers Romania four months to take measures to correct significant deviation of structural deficit

The European Council issued on Tuesday a new recommendation, at the request of the European Commission, based on the significant deviation procedure, with Romania being… Mai mult

9 ambassadors repeat: Venice Commission’s opinion is needed to amend laws on judiciary

The nine ambassadors who met on Wednesday with Minister Tudorel Toader shared their “concern over the draft laws on the reform of the judiciary discussed… Mai mult

Eurostat: Romania had second lowest tax to GDP ratio within EU, in 2016

In Romania, the ratio between the revenues that must be collected from taxes (including social contributions – tax/GDP ratio) and GDP was 26% in 2016,… Mai mult

Split VAT at the Chamber of Deputies: Dilemmas of all kinds. Thresholds for outstanding payments have increased 10 times, Budget Committee to resume debates on Monday

The Budget Committee of the Chamber of Deputies has increased ten times the threshold of the outstanding VAT obligations from which companies will automatically be… Mai mult

British Vitruvian Partners bought 30% of Bitdefender

Vitruvian Partners investment fund acquired about 30% of Bitdefender from Axxess Capital and becomes the second largest shareholder in the company, valued at over USD… Mai mult

LSE Study: Ten Romanian companies can inspire Europe with their rhythm of growth. Meanings of this selection

de Adrian N Ionescu 17.9.2017

London Stock Exchange (LSE) analysts have identified ten Romanian companies among the 1,000 small and mid-sized firms in Europe that can inspire the others with the recipe of their success.

The activities of the ten Romanian companies provide indications about the direction to which businesses head in Romania.  

The selected companies had an average annual growth rate exceeding 100% over the past three years and a considerable employment rate over the last two years and their performance exceeded those of their competitors, according to the LSE report.

The future of the Romanian economy, as prefigured by the LSE selection, is about trade and consumption (especially from import) and less of production or services.

Three producers have been selected among the 10 Romanian companies. Allview produced the first Romanian PC tablet and produces several types of smart phones and gadgets, Complet Electro Serv manufactures consumer electronics and home appliances, and Neptun manufactures industrial equipment, but none refuses the sales business line.

However, only two of them, Allview and Neptun, are classified as production and engineering firms in the LSE report.

On the other hand, the lack of capital for development is one of the reasons why the producers also trade, sometimes in areas different from the core one, as Neptun did, which even launched into the distribution of fuels and designed a new chain of gas stations.

Among the ten Romanian companies, there is also a telecommunication services company, Vox Carrier, and a courier service company, Fan Curier.

The other five companies have activities in trade, basically and on a case by case basis, in logistics and are mainly importers: watches, luxury jewellery, outfits and cosmetics (B & B Collection); – more or less sophisticated medical equipment (Medist Group); – auto – moto and machinery (Gradinariu import Export); – electrical and lighting products (ELBI Electric & Lighting); – fruits and vegetables (Microfruits).

Total revenue of the ten companies varies between 50 and 75 million euros for Allview, B & B Collection, ELBI Electric & Lighting, Gradinariu import Export. The others have annual revenues between 20 and 40 million euros, with the exception of Fan Curier that can reach up to 100 million euros.

Romania and others

The ten Romanian SMEs selected by analysts of London Stock Exchange, eventually to be approached for listing within its segment of promising share issuers, had an average annual business growth rate of 149% to an average revenue of 47 million euros. They have 25 own registered trademarks and 3,615 employees with a 29% growth rate over the past two years.

The map of Europe, with the best-performing companies by their growth rhythm:

The number of Romanian companies included in the London Stock Exchange report is similar to Hungary and the Czech Republic. The fact that Romanians have fewer companies than Poles (30) but more than Bulgarians (5) can be also explained by the different size of their economies. The rule no longer applies to the comparison with Hungarians and the Czechs.

The 30 Polish companies have though 50 own trademarks, the ten Hungarian companies have no less than 128 own patents.

Mergeți în homepage ›

Publicat la data de 17.9.2017

Lăsați un comentariu


NEWS

Brussels offers Romania four months to take measures to correct significant deviation of structural deficit

The European Council issued on Tuesday a new recommendation, at the request of the European Commission, based on the significant deviation procedure, with Romania being… Mai mult

Eurostat: Romania had second lowest tax to GDP ratio within EU, in 2016

In Romania, the ratio between the revenues that must be collected from taxes (including social contributions - tax/GDP ratio) and GDP was 26% in 2016,… Mai mult

9 ambassadors repeat: Venice Commission's opinion is needed to amend laws on judiciary

The nine ambassadors who met on Wednesday with Minister Tudorel Toader shared their "concern over the draft laws on the reform of the judiciary discussed… Mai mult

British Vitruvian Partners bought 30% of Bitdefender

Vitruvian Partners investment fund acquired about 30% of Bitdefender from Axxess Capital and becomes the second largest shareholder in the company, valued at over USD… Mai mult

Split VAT at the Chamber of Deputies: Dilemmas of all kinds. Thresholds for outstanding payments have increased 10 times, Budget Committee to resume debates on Monday

The Budget Committee of the Chamber of Deputies has increased ten times the threshold of the outstanding VAT obligations from which companies will automatically be… Mai mult

Competition Council: Food price increase could be caused by demand excess from budget deficit

The Competition Council started an analysis, following the request of the Ministry of Agriculture, to establish the causes of the accelerated food price increase this… Mai mult

Seizure of all Liviu Dragnea's assets to recover EUR 28 million in Tel Drum case

Liviu Dragnea at the exit of the DNA headquarters where he was expected by a group of supporters and another of protesters. DNA prosecutors have… Mai mult

Rompetrol saga, chapter about money: Government asks KazMunaiGaz to pay the historical debt and demand settlement of case in court

The extension of the memorandum between the Romanian state and KazMunaiGaz, the owner of the Rompetrol Group, will be discussed only after the company's historical… Mai mult

"Not only we have not died, we rank third in the world" - Government approved second budget amendment, deficit of 2.96% of GDP

The second budget amendment this year has been adopted at the government meeting on Wednesday. As the Finance Minister assures, this amendment is "positive", the… Mai mult

Mayors: Government to offset by state budget money municipalities’ losses following tax measures

Mayors accepted on Tuesday in the negotiations with Prime Minister Mihai Tudose and several cabinet members, the promises made by the government officials to partially… Mai mult

Competition Council, "worried" that municipalities are establishing their own companies

The establishment of own companies by local administration to manage the services at the local level is worrying for the competition authority, Bogdan Chiritoiu, President… Mai mult

Draft legislation on judicial system in Parliament – to be debated as a matter of emergency

The ruling coalition registered with the Chamber of Deputies on Tuesday the draft amendments to the three important laws for the judicial system: Law 303/2004… Mai mult

Negative opinion and analysis of Fiscal Council on tax changes. "Tax package" costs 5.2 billion, not planned at all

The Fiscal Council issued a negative opinion on the proposal to amend the Fiscal Code, according to the opinion published Friday on the institution’s website.… Mai mult

Negative opinion from CES for Tax Code changes, Government meeting postponed

The Economic and Social Council, a consultative body of the Parliament and the Romanian Government, issued a negative opinion on Tudose cabinet's draft amendment to… Mai mult

Doing Business 2018: It is easier to do business in Republic of Moldova than in Romania

Romania ranks 45th in the Doing Business 2018 ranking by the World Bank (WB), with a total score of 72.87 points, right under the Republic… Mai mult