Sales of Only 5% of Romanian Companies Exceed 1 Mln Euro

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Sales of Only 5% of Romanian Companies Exceed 1 Mln Euro

Less than five percent of the companies operating on the Romanian market registered net sales exceeding 1 million euro last year, which means that over 95% of the companies in the Romanian economy are small or very small, data by Romania's Ministry of Public Finance, requested by Business Standard, show.

Nine companies posted net sales in excess of 1 billion euro, 18 enterprises registered business worth between 0.5-1 bln euro, and 215 firms reported net sales between 100-500 million euro. Only 267 companies registered net sales between 50-100 mln euro last year, while another 24,315 enterprises posted business worth 1-50 million euro.

Of a total of some 650,000 officially registered companies, according to the latest available data, approximately 0.033 percent of the economy was made up of companies with net sales between 100-500 million euro last year when many industries peaked, unlike 2009, when 0.041 percent of companies had business amounting to 50-100 mln euro, and 3.7% of enterprises posted net sales ranging from 1-50 million euro.

According to MFP data, the companies that posted net sales exceeding 1 bln euro last year are Petrom, Rompetrol Rafinare, Dacia, ArcelorMittal Galaţi, Petrotel-LukOil, Vodafone, Orange, LukOil, and Rompetrol Dowsntream.

The Romanian economy is expected to decline by at least eight percent this year, according to the latest forecasts, due to the economic crisis.

Source: Business Standard

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