Only 1 in 5 Romanian SMEs capitalize the export opportunities

Only 20 percent of the Romanian SMEs (1 in 5) capitalize the export opportunities, contributing to 25 percent of the total exports in Romania, according to a study made in September by UPS and Kantar Millward Brown, according to Business-Review.eu.

According to the study, most of the exporting SMEs are in Bucharest and Western developing region, which includes the counties Timis, Arad, Hunedoara and Caras-Severin.

The study includes information from 52,000 SMEs that published their last balance sheet in 2016, that have between 10 and 59 employees and a turnover up to EUR 50 million.

Out of the 52,000 analyzed SMEs in the UPS study, most of them are concentrated in Bucharest-Ilfov area (23.4 percent), followed by North-West area (14.4 percent), Center, South-Muntenia (11.1 percent), North-East (10.8 percent), West (9 percent) and South-West (6.7 percent).

The SMEs generate 35 percent of the overall turnover made by the active companies in Romania. Most of the SMEs that export are in the manufacturing industry, in trade industry, transportation, IT&C and agriculture.

 

Read more HERE

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