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Romania 2nd lowest ranked country for 'high-growth firms'

Eurostat data in 2014,only Cyprus worse than Bucarest

26 October, 17:49
(ANSA) - BRUSSELS, OCT. 26 - Romania is not a country for ''high-growth'' companies, the ones that have recorded an average annual growth in the number of employees which is more than 10%, over a period of three years and a staff for each business of at least 10 employees at the beginning of their expansion, Eurostat reported, analyzing data dating back to 2014. The country is the second lowest in the EU both for the number of high-growth companies, compared to the overall number of those in the area (2.3%), and for the percentage of employees compared to the labor force at the national level (6.7%). In both cases, Cyprus has recorded a performance which is worse than Romania, with 2.2% and 3.6%. The ''high-growth'' companies in the EU are 145,000, 9.2% of the overall number, and they employ over 12mn people, 13% of the European labor force. Most of them work in the information and communication sectors (15%), followed by those working in the field of administrative services (12.7%), transport and logistics (11%) and technical-scientific activities (11%).(ANSA).

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