Nokia sends Romanian factory to recycle bin: lower exports, weaker state budget, worried investors
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Nokia contributed to the state budget with EUR 21.8 million last year, while in the first eight months of the year, Nokia sent more than EUR 10 million to the state coffers.
Nokia's exports covered around 7.8 percent of the country's exports last year, and the ration reached 9 percent in the first eight months of this year. In the first nine months of last year, Nokia had exported handset worth some EUR 750 million.
According to the Avaron investment group, quoted by Reuters, the impact in the country's GDP is much lower, of some 0.25 percent, although its production in the Jucu factory covered 1.3 percent of the country's GDP.
editor@romania-insider.com