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January 26, 2022

Exports boost Romanian economy

In the first half of the year Romania exported cars and transport equipment worth EUR 7.3 bln, according to ‘Gandul’ daily. Automobile Dacia and the car and transport equipment manufacturing companies continue to keep Romania’s exports high. Thus, in the first half of the year Romania exported cars and transport equipment worth EUR 7.3 bln or 43.2 per cent of the total value of exports (EUR 17.1 bln), the official statistics show. Moreover, car exports grew by EUR 1.7 bln compared to the same period last year and by EUR 1.6 bln compared to mid-2008. Economic analyst Ilie Serbanescu considers that Romania would not have had exports in the midst of the crisis if it were not for the success of Automobile Dacia, a company owned by France’s Renault, and of Finland’s Nokia Romania, with both companies being present in the top 100 exporters table recently presented by the National Association of Romanian Exporters and Importers (ANEIR). “If we admit the thesis that exports have resumed the most important problem is why hasn’t the economy recovered? The two companies have no kind of Romanian suppliers. Their degree of integration on the Romanian market is minute; if they would have had this support in Romania’s economy they would have relayed this exports growth effect. The things said about those tens of thousands of subcontractors are a fairy tale,” Serbanescu stated.

At the same time, Logan’s sales in Russia rose by 15 per cent in the first seven months to more than 35,000 units, Realitatea.net informs. The growth stood at 11 per cent in July alone on a market that grew by more than 40 per cent thanks to a cash for clunkers programme. The brand owned by Renault Group is on 5th place in the table of the most sought-after cars in Russia. The top four places are held by brands produced by Russia’s Lada.

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