SIMILAR ARTICLES

Romania and Juncker Plan: EUR 720 million attracted, of which 35% by Transgaz for BRUA

(The map of investment financed through Juncker Plan, by GDP share. Darker colours mean higher shares) The operator of national natural gas pipelines, Transgaz (TGN)… Mai mult

Top 3 reasons why young people leave Romania

Lack of trust in authorities, corruption and low living standards are the main reasons why young people leave Romania. The data is part of a… Mai mult

Massive increase in import of electricity, stimulated by government policy: 38% in first five months. Trend continues

Romania imported 38% more electricity in the first five months of this year, compared to the same period of 2018, according to the most recent… Mai mult

IMM Invest Romania – program implementing rules have been published

The Ministry of Public Finance announces that it has issued the methodological norms for the implementation of the Program for supporting small and medium-sized enterprises… Mai mult

Government is trying to save budget deficit: reductions in public administration system, cancellation of bonus for harmful conditions, excise duty on soft drinks

The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News… Mai mult

Cronicile

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

Romania and Juncker Plan: EUR 720 million attracted, of which 35% by Transgaz for BRUA

(The map of investment financed through Juncker Plan, by GDP share. Darker colours mean higher shares) The operator of national natural gas pipelines, Transgaz (TGN)… Mai mult

Top 3 reasons why young people leave Romania

Lack of trust in authorities, corruption and low living standards are the main reasons why young people leave Romania. The data is part of a… Mai mult

IMM Invest Romania – program implementing rules have been published

The Ministry of Public Finance announces that it has issued the methodological norms for the implementation of the Program for supporting small and medium-sized enterprises… Mai mult

Pollution import and car park expansion: comparisons with the other EU states

Romania is the EU country with the fewest cars in terms of the number of inhabitants, according to data recently published by Eurostat. We appear… Mai mult

Government is trying to save budget deficit: reductions in public administration system, cancellation of bonus for harmful conditions, excise duty on soft drinks

The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News… Mai mult

Laura Codruta Kovesi remains alone in the race for European Chief Prosecutor

French Prosecutor Jean-Francois Bohnert will be appointed as head of the European Financial Prosecutor's Office, a position for which he was heard on Thursday, 11… Mai mult

Romania - EU country with highest risk of dying in a road accident, Bulgaria is quickly decreasing number of victims since it built motorways

Romania recorded the highest road deaths in the EU also last year, with 96 deaths per one million inhabitants in 2018, almost double the EU… Mai mult

Latest developments in progress at Health Ministry: Differentiated wages based on performance, competitions organised at a regional level not by hospitals

Sorina Pintea announced on Thursday further new changes that will be brought to the functioning of the health care system, including new rules for employment… Mai mult

ANAF changes selection procedure for liquidators. Main changes

The new order on approval and selection procedures for insolvency practitioners is an important step to a very good direction, industry experts say. ANAF is… Mai mult

Romania loses competition for a seat at UN Security Council. MAE Excuse: Campaign started too late

Romania lost to Estonia in the final vote to get the non-permanent member position within the UN Security Council for the period 2020-2021. On Friday,… Mai mult

Business internationalization / eMAG makes a step to entry five new international markets and targets a business of EUR 2 billion

eMAG hopes to get the opinion of the Hungarian Competition Council over the next two months for the acquisition of Extreme Digital, the market leader… Mai mult

"At a distance from books": 85,000 teachers (one third of educational staff) are graduates of distance learning

Approximately 85,000 teachers are graduates of distance learning (ID) programs, Education Minister Ecaterina Andronescu said at a meeting with school inspectors from Caras-Severin County. The… Mai mult