European businesses confident of growth | SIVECO Romania

European businesses confident of growth

Monday, September 13, 2010

Eighty per cent of businesses across Europe forecast growth over the next 12 months

Bucharest, September 13th, 2010 - Confidence is returning to European business with four out of five companies predicting growth over the next year. (

The European Business Awards, sponsored by HSBC, have today released the findings of their "Business As Usual' Study". SIVECO Romania joined hundreds of Europe's top business leaders in a study, which examined attitudes towards doing business over the next 12 months. Despite the doom and gloom proffered by many, the findings reveal that European businesses are extremely buoyant about the future and many predict growth beyond national averages.

New found optimism and aggressive business planning has led to over half of all companies questioned predicting minimum growth of 10% by the end of 2011.

The main conclusions of the study are as follows:

Europe is open for business and willing of economic growth

• 8 out of 10 firms expect growth within the next 12 months
• Over half of the companies forecast 10% growth or even more
• 3 out of 10 companies forecast over 20% growth.

Success and growth go beyond the internal borders

• The world is contracting - one third of the businesses search for extending on the markets outside internal borders
• One company out of five wishes to enter markets outside the European Community
• One out of three companies wished to dominate the activity sector it activates in and intends to develop
• 29% of companies consider it vital to diversify their offer of products and services
• Only 6% of European companies remain focused on the core activity.

Human capital investment is vital

• 58% invest in their business
• 24% invest in training programs and 39% of companies want to invest in the top specialists they have
• 11% will invest in infrastructure.

Adrian Tripp, CEO of the European Business Awards says: "Working with over 600 CEOs and Senior Management across Europe, the Business As Usual we have identified an overwhelmingly positive view about the commercial future of European businesses which counters recent popular pessimism. What we see emerging is a New Europe, which is stronger, dynamic and competing on a larger scale. It's clear that businesses with this outlook are the ones who are defining what commercial success looks like in the future."

Irina Socol, President and CEO of SIVECO Romania, has added: "For our company, as participant in the European Business Awards competition, this study has been a revealing experience, as we are able to measure our success against the highest performing companies within the European Community area. The results of this study encourage us to look with optimism to the future, anticipating growth of our company's business in the next 12 months. We are confident that commercial success will reflect our effort and involvement into the development of the IT sector, extremely important for the national economy."

Celebrating its fourth successful year, the European Business Awards highlight and promote examples of individuals and organizations that achieve outstanding results across a variety of disciplines - from environmental concern to customer focus - results that set them apart as leaders in Europe. This year has been the most successful yet and the Awards have engaged with over 15,000 companies from across Europe.

Alan Keir, Global Co-Head of Commercial Banking HSBC, said: "The European Business community has responded to past uncertainty by grasping opportunities and accepting that investment and growth is the key to success. The hunger for growth and success, coupled with a sense of optimism, means that European businesses will go from strength to strength."

For more details, do not hesitate to contact us at the address below:

SIVECO Romania:
Anca CRAHMALIUC, Marketing & Communication Manager, SIVECO Romania SA
Telephone: 4021-302.33.00, fax: 4021-302.33.91

European Business:
Angela Lovell, Press Manager, European Business Awards
Telephone: +44 (0) 207 234 3535

HSBC Bank:
Melissa Jobson, Media Relations Manager, HSBC CMB Europe
Telephone: +44(0) 20 7992 1558

Sian Smith, Consolidated PR
Telephone: +44(0)20 7781 2300

About the European Business Awards 2010

The European Business Awards recognizes and rewards excellence, best practice and innovation in companies across the European Union. The competition is free to enter and open to organizations of all sizes and from any industry sector.

The European Business Awards programme serves three purposes for the European business community:

• It provides examples for the business community to aspire to
• It celebrates and endorses individual's and organization's success
• It provides case studies and content for learning from these exceptional organizations.

An innovative, strong and thriving business community makes a successful and prosperous Europe.

There are nine categories:

1. The Infosys Business of the Year Award
2. The Infosys Business of the Year Award (<60 MLN EUR)
3. The RSM International Entrepreneur of the Year Award
4. The UKTI Award for Innovation
5. The Award for Customer Focus
6. The HSBC Growth Strategy of the Year Award
7. The Award for Corporate Sustainability
8. The Employer of the Year Award
9. The Environmental Awareness Awards.