Only 2 percent of Romanian companies not afflicted by economic crisis

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Only 2 percent of the Romanian companies say they haven’t been afflicted by the economic crisis, daily Ziarul Financiar citing the data of a survey conducted by the National Council of Small and Medium Sized Private Enterprises in Romania (CNIPMMR).

The overwhelming majority of Romanian small and medium-sized enterprises were catastrophically afflicted by the crisis, whereas for another quarter the negative effects were fully felt, influencing business.
There are, however, companies which said that they did not encountered difficulties because of the crisis. Their percentage is of 2 percent. The assessment of the survey was made based on the analysis of 24 macroeconomic indicators and interview among entrepreneurs.

‘The fact that only two percent of the companies say that the profit maintained an upward trend is very serious and unexpected, said on Tuesday in a news conference, Ovidiu Nicolescu, president of the National Council of Small and Medium Sized Private Enterprises in Romania.

Under these circumstances, employers’ association are expecting many bankruptcies, said Nicolescu.
The saving of many small and medium-sized enterprises might come from the state. Although 70 percent of the companies believe they need state aid to a great extent, only 4 percent benefited from such support in the past half year.

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