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Parvan: Romanian capital should not be discriminated against by the measures adopted by public authorities
Romanian capital should not be discriminated against by the measures adopted by the Romanian public authorities, said Cristian Parvan, President of the Romanian Local Investors Employers (PIAROM) on Thursday, during a debate regarding the situation of Romanian private capital.
"The main problem is not to discriminate any longer the Romanian capital through the measures adopted by Romanian public authorities. This is the hypothesis we start from and to show this, we are trying to find facts, figures, showing what the situation is like and why certain public policies must amend this situation," said Parvan.
He made reference to state aid allocation, to public acquisitions law, fiscal controls and their orientation mainly towards private Romanian companies as well as to the lack of support from the state for companies that manufacture state-of-the-art technology-based products.
Constantin Savu, President of UZINSIDER group, stated that Romanian companies have been asking for over 10 years for a holding law, the authorities do not want to approve it and state aid goes to foreign capital companies.
"What would be the points that greatly bother us. Firstly, the state aid that is directed almost exclusively towards foreign companies that come with big promises, fulfill them if they can, when they can and that's it. I've done a calculation. A state aid was 84,000 euro a job, in our group there are 2,300 people. If we close the group and send people to the state to see how they handle them," said Constantin Savu.
Foreign companies have achieved 49 pct of the nation-level turnover in 2015, of 1,178 billion lei, the Romanian ones, 47 pct and the state-owned companies 4 pct, according to a study carried out by a financial publication with the support of the Romanian Local Investors Employers ( PIAROM).
The study shows that out of the 471,953 companies, 433,940 are Romanian capital companies, 36,918 have foreign capital, and 1,095 are state companies. Romanian companies had net profits amounting to 40 billion lei in 2015 and a net losse of 13 billion lei, the foreign capital companies have achieved net profits of 27 billion lei and a net loss of 18 billion lei. State companies have achieved in 2015 net profits of 8 billion lei and a net loss of 4 billion lei.
In companies with Romanian capital there were 2,491.832 employees, in the foreign capital companies, 1,181.531 employees and 286,809 employees work for the state. The average net monthly salary was 1,121 lei in companies with Romanian private capital, while in foreign-capital companies, the salary was 2,429 lei and 2,403 lei in the state companies.
The study also reveals that in terms of the NACE code, companies with Romanian private capital, achieving 56 pct of the turnover obtained in the wholesale trade sector, except for the trade with motor vehicles and motorcycles and 58 pct of the turnover produced in the retail trade sector, except for motor vehicles and motorcycles trade. The foreign capital companies achieve 96 pct of the turnover obtained in the road transport motor vehicles, trailers and semi-trailers manufacture trade.