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Thursday, June 30, 2005
Business in Romania blog
The official data released for the first five months of the year show that the imports have climbed 22.4 percent compared to the same period the year before, reaching about 12 bilion EUR.

In the same time, the exports have climbed about 17 percent, reaching about 8.60 bilion EUR.

63 percent of the imports and about 70 percent of the exports are traded with countries form the EU.

It seems the gap between the imports and exports is growing, which is obviously not very good. This why I belive some measures are to be expected in the sense of raising the consumer taxes for some products over the imports. Or, a more healthy measure would be to have some more facilities for countries exporting products, in order to stay competitive.

In the software industry, certainly there is a lot to be improved, in the sense that we could try to export more value-added products, and not only software development outsourcing services. eKontent could be one of those products, which we will market to Germany and UK in the near future :), as it already has a great impact in Romania.

What do you believe about this? What other products we could develop for this matter? What other existing software products would be appealing in other countries? Looking forward for your comments.

Posted by Mihai Botea : 6/30/2005 07:12:00 pm Romania's imports climb 22 percent
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