25 March 2018

Greek exports to Romania up 14% in 2017

23 February 18 - RE+D Magazine
Greek exports to Romania up 14% in 2017



Consultant - GREECE


Public entity - GREECE

Solum Property Solutions

Consultant - GREECE

IBI Group

Consultant - GREECE


Antulio Richetta

Director IBI Group
Greek exports to Romania grew 14 pct in 2017, reaching more than 870 million euros from 760 million in 2016, and have positive prospects, but Greece needs to safeguard the high quality of its exports and to immediately put a brake on the practices of "opportunistic" traders, who are hurting the good reputation of the label "made in Greece" in Romania, Greek exporters' representatives said.


Speaking to the Athens-Macedonian News Agency (ANA), Kyriakos Loufakis, president of the Greek International Business Association (SEVE) and George Polychronakis, special consultant at Incofruit Hellas, underlined the need to have strict controls in the Greek market in order to safeguard that rules in bilateral trade were adhered to with all countries, not just Romania.

Loufakis said that certain "unprofessional" businessmen from the primary sector are exporting their products directly from the field, without intermediaries or controls, in an effort to avoid high taxation.

This situation did not benefit either the country, causing the state to lose money, or the business community, he added.

"Controls must be constant and intense to avoid such actions," he said.

Polychronakis said competition in the Romanian market was now more fierce than ever, a trend likely to expand in the coming years, while he sounded the alarm and warned that the damage to Greek exports of fruit and vegetables in Romania could be huge if these practices were not terminated.

Romania is the 9th largest export destination for Greece, with a market share of 3.0 pct.

Greek exports to Romania grew 13 pct in the January-November period 2017, compared with the same period last year totaling 791,281,792 euros.

Exports of lead (+906 pct), musical instruments (+156 pct), leather (101 pct), fur (+52 pct), meat (+118 pct) and dairy (+24 pct) recorded the biggest percentage increase in the 11-month period last year.

Greek exports to Romania grew steadily in the last few years, totaling 766.66 million euros in 2016, from 590.88 million in 2012.


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