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TC - Club - Stiri - ROMANIAN BUSINESS NEWS
Stiri

Clubul de afaceri
Sloven - Roman
Splaiul Unirii, Nr. 12,
Bl. B6, Sc. 3, Et 5, Ap 91, Sector 4, București
Email: info@tc-club.ro

ROMANIAN BUSINESS NEWS
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- 27.11.2012

PwC: Only 4 percent of Romanians use Internet banking services

Only 4 percent of Romanians use Internet banking services, compared with a 33 percent average usage in the European Union (EU), Andrei Cretu, manager of PricewaterhouseCoopers (PwC), told a specialist conference.

With 47 percent penetration rate in Romania, the Internet has very good dynamics, above Bulgaria and Turkey, according to a survey conducted by PwC and presented in a debate on issues related to streamlining bank-related trading and operation processes - 'Banks in the New Economy.'

'Romania records good dynamics in terms of card payments, given that only 50 percent of the population uses banking services and, statistically, only six card payments per capita are recorded,' said Andrei Cretu.

However, the PwC survey shows that in Romania only 13 percent of the bank-using population uses POS terminals and 87 percent uses ATMs. In Central and Eastern Europe, 58 percent uses POS terminals, whilst in Western Europe - 64 percent.

'For years, we have been trying to shift users from ATMs to POS terminals. We have brought a lot of technology to this market. But education is a process that cannot be shortened, you can bring technology to a market, but you cannot force it. The consumer we want is one that has a current account, a debit card, a credit card and maybe a consumer loan and an Internet banking solution,' mentioned Cosmin Vladimirescu, country manager for Romania and Moldova at MasterCard Europe.
According to the PwC surveys, e-commerce can reach 1 billion euros by 2015.
source: www.actmedia.eu

Three-quarter profit tops all-year estimates for 26 BVB-listed companies

A number of 26 out of 73 analysed companies listed on the regulated market of the Bucharest Stock Exchange (BVB), which filed financial statements according to the Romanian Accounting Standards (RAS), saw their nine-month profit exceed all-year estimates, shows an analysis sent by brokerage house Intercapital Invest.
The group of 26 includes four financial investment companies - SIFs (SIF Oltenia did not perform that well), Proprietatea Fund (130% of the budget classification), Electromagnetica (130% of the budget classification 130%), Artego (478% of the budget classification), Broker Cluj (129% of budget classification) and COMCM Constanta (255% of budget classification).
According to the Intercapital Invest analysis, 25 companies this year reported nine-month profit higher than the figure registered in the same period last year; this category of issuers includes the SIFs (yet again without SIF Oltenia), Artego (plus 870%) Vrancart (138%), Compa Sibiu (70%), Biofarm (25%) and Antibiotice Iasi (7%).

The companies included in the basket of the BET index that reflects the evolution of the most liquid ten listed issuers (banks and Petrom excluded), have ended the period January-September 2012 in the black, with a combined profit figure of RON 855.55 ml (about 188.8 million euros), by 16% lower compared to the interval January-September 2011.

'Of the seven analysed issuers, four saw their nine-month earnings fall on a y-o-y basis, namely Transgaz (-24%), Transelectrica (-87%), the Bucharest Stock Exchange (-40%) and Electromagnetica (-14%),' the cited report reads.

According to the said source, financial services companies recorded a rise in their total net profit from RON 291.3 million in the first nine months of 2011 to RON 546 million at the end of Q3 2012.
All SIFs, except for SIF Oltenia, saw higher profit this year.
source:www.actmedia.com


Romania's exports of wheat, maize double in first 8 months to 3.1 mln tonnes

Romania exported in the first eight months of this year 3.13 million tonnes of wheat and maize, more than twice compared with the same period of 2011, when exports totaled 1.5 million tonnes, according to data released by the Ministry of Agriculture and Rural Development (MADR).
From the amount of grain exported (the EU market and third countries) in the first eight months of this year, wheat represented 1.303 million tonnes, compared with 732,171 tonnes in 2011, and maize totaled 1.831 million tonnes, compared with 768,023 tonnes in the same period of 2011.
According to the MADR, the receipts from the export of wheat and maize were worth 748.26 million euros in the January-August 2012 period, almost 63 percent of the total sum, with 469.83 million euros having been received from the sale of maize alone.

Compared with the same period in 2011, the receipts increased almost twice (377.43 million euros in 2011) due to favorable export prices on the international market.
On the other hand, 348,700 tonnes of wheat, worth 72.86 million euros and 617,717 tonnes of maize, worth 162.302 million euros, were imported in the first eight months of the year.
source: www.actmedia.eu 


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