8.7 C
Bucharest
March 5, 2021
BUSINESS

NEWS IN BRIEF

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.

Related posts

Georgescu (BNR): Banks’ capital increases total 1.8 bn lei from 2009 to 2014

Nine O' Clock

NEWS IN BRIEF

Test

Only 27.37 pc of transport companies in Romania operate legally

Test
BUSINESS

NEWS IN BRIEF

Unimpresa asks Government to simplify tax system

Stefano Albarosa, the President of the association of Italian companies in Romania Unimpresa, has made a set of proposals to the Romanian Government, all designed to improve the activity of the SMEs. Unimpresa is seeking support for investment in production and for SMEs’ trying to obtain loans, fiscal credit of up to 75 per cent of the VAT associated with productive investment and discounted interest rate loans. Other proposals made for the industry were the accelerated depreciation of construction works, the introduction of the cooperative credit and of preferential credit to companies applying for structural funds. Another demand is the cut of the VAT for the procurement of production equipment, as well as the radical simplification of the Fiscal Code and of the labour law. Unimpresa President Albarosa stressed that Romania was last in Europe and forth in the world as to the number of taxes trade companies must pay.

New Renault Clio now in Romania

The new version of Renault Clio is available on the Romanian market as of this week, with engines running on petrol or diesel, from EUR 8,990 including VAT, Mediafax informs. The New Clio range has been expanded to include the Authentique, Expression, Dynamique, Exception, Sport and Estate versions. The Estate (break) version has not been sold in Romania so far. Four new models from the Megane family are expected to Romania this year: Scenic, Grand Scenic, Megane Estate and Megane Sedan. Renault’s sales in Romania fell by 31.6 per cent last year to 22,073 units from 32,308 in 2007. The total automotive market dropped by 11.7 per cent to 324,000 vehicles sold in 2008.

Related posts

EUR 5 bln-investments in renewable energy may be lost

Renewable energy also sold via regulated agreements

Spanish bad loan ratio hits new record

Nine O' Clock