A study of Romanian small and medium sized (SME) companies conducted by UPS and Kantar Millward Brown, shows that only 20% of local SMEs are currently exporting. The study found that most exporting SMEs are located primarily in Bucharest and the West Development region, which includes Timis, Arad, Hunedoara and Caras Severin.
Out of the 52,000 SME’s analyzed in the UPS study, most are concentrated in Bucharest-Ilfov region (23.4%), followed by North-West (14.4%), Center (13.1%), South-Muntenia (11.4% East (11.1%), North-East (10.8%), West (9.0%) and South West (6.7%).
“SME’s that export report higher revenue growth and are more confident about the future,” said Jim Kearney, country manager, UPS Romania, Hungary and Greece. “A Europe-wide SME study UPS published earlier this year shows that over half of small businesses that export saw their revenues increase during the last three years. UPS is ideally positioned to help Romanian SMEs connect to opportunities across borders, whether in Europe or worldwide, through our global network.”
In 2016, UPS introduced a new cargo flight segment from Cluj-Napoca to its European air hub in Cologne, Germany, and improved the time in transit for the ground network connecting Romania with the rest of Europe. With the addition of the new flight segment, UPS can offer much later collection times to Romanian SMEs looking to expand into international markets. These investments are part of a $2 billion program through 2019 to make UPS’s European network even faster.
SMEs are the backbone of the European and Romanian economies, making up 99% of all businesses.