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February 25, 2021

Deloitte: Just a third of Romania active population generates gross added value

Only one third of Romania’s active population is involved in activities generating gross added value, which is a modest outcome, on Wednesday told  Tiberiu Negulescu, senior manager with Deloitte.
‘Barely 30 pct of the active population of Romania is involved in activities that generate gross added value. It is a scanty percentage, we deem. Likewise, 30 pct of the companies that exist in Romania are profit generators. Furthermore, the industry is the one which generates gross added value, hence the implicit economic growth. Many companies are way too indebted and their access to financing is rather troublesome. The state support occurs here’, Negulescu stated. According to the Deloitte expert, the news referring to the state aid systems are positive, and many of the companies which have applied for this kind of financing are Romanian, most with the automotive, constructions and IT sectors.
‘In a Romanian company, decisions are made way faster than in a multinational one where approvals at the group level are to be asked for. The most active foreign investors were the companies from Germany and the United States of America, as number of applications. The most active industries as regards the state aid are the automotive, constructions and IT. Romania will continue to invest in state aid systems, at least 1.2 billion of euros, respectively, over the 2014-2020 period. The state aid were very well received, regardless of the government which ruled this country, and all of them had aimed at an industrial growth’, Tiberiu Negulescu explained.

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