Confidence in the economy places Romania 16th in the EU
The population’s perception of the economy improved in April, growing to 65.5 points from the record minimum registered in March (64.3 points). Thus, when it comes to the Economic Sentiment Indicator table compiled by the European Commission, Romania ranks 16th within the EU, Mediafax informs. According to an Eurostat report, of the five indicators that are part of the ESI, in April Romania has registered an improvement in the industrial sector (from -17 to -14 points) and in the services sector (from -13 to -10 points). The consumer confidence dropped by 2 points to -46 points; the trade index dropped by 10 points to -20 points and the construction works index dropped by 6 points to -5 points. When it comes to the ESI growth in April, Romania’s 1.2-point growth placed it last but one among the 17 EU member states that registered a positive trend, surpassing only Germany which registered a growth of 0.8 points.
Orange reached 10.11 million users
Orange Romania’s revenues have dropped by 14.1 per cent to EUR 264 M in Q1 of this year, while its number of clients grew slightly from 10.09 million to 10.11 million, a communiqué remitted to the editorial office informs. The decline in revenues reflects the 15.3 per cent drop in the exchange rate, the impact of tariff regulations, and the combined effects of the drop in retail trade prices and the adjustment of consumption on certain segments. ‘Although the first signs of the economic crisis have started to be felt since the fourth quarter of last year, the impact was stronger in the first quarter, just as it happened within other industries and services too’ Thierry Millet, interim general director of Orange Romania, stated. The average annual income of its clients in Romania stood at EUR 114. According to the financial report compiled by France Telecom, a group whose member Orange is, the decline in revenues was stronger in Eastern Europe and in Slovakia, with the group registering a drop of 0.6 per cent in the first three months of the year.
Electroputere Craiova stakes on 180 pc sales growth in 2009
For this year Electroputere Craiova estimates net sales revenues of EUR 93.2 M, 180 per cent more than in 2008, and a gross profit of EUR 3.8 M, Mediafax informs. Last year the company’s losses grew by 78.2 per cent from RON 54.9 M to RON 97.9 M (EUR 26.6 M). For this year Electroputere has earmarked investments of EUR 7.55 M. Electroputere’s capital has been hiked by RON 21.3 M from RON 12.4 M to RON 33.7 M after the shareholders subscribed 9.9 per cent of the emitted shares for the RON 215.7 M supplementation.