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Study: Romanian SMEs trading internationally have more confidence in the economy

Romanian SMEs trading internationally have more confidence in the economy and could create additional jobs, reads a research conducted by Facebook, the Organization for Economic Cooperation and Development (OCDE) and the World Bank. 

"Small businesses engaged in international trading are more confident and they could create more jobs: 50 per cent of those who trade internationally compared with 43 per cent of those who do not are optimistic about the current state of their business. Also, 70 per cent of those who trade internationally compared with 62 per cent of those who do not are optimistic about their business outlook," reads the document. 

According to this source, more of those who trade internationally than of those who do not (26 per cent versus 14 per cent) stated that they created jobs over the past six months and intend to create more in the next six months (49 per cent compared to 32 per cent). 

"In what the SMEs exporting are concerned trade lies at the core of their business model and success: among the exporting SMEs, 3 out of 10 (35 per cent) report that more of 25 per cent of their revenues come from international trade. Almost half of the exporting SMEs (43 per cent) report that more than 75 per cent of their sales on the international markets depends on the online tools they are using. 59 per cent of the exporters agree that using online tools in selling to international markets increased their revenues," reads the said source. 

According to this study, international trade represents a challenge for the SMEs, while only a small part of them are active internationally (25 per cent).

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