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LOCAL AGENDA 21 – LOCAL PLAN FOR SUSTAINABLE ...

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19GIURGIUIn 1999-2000, 157 business enterprises registeredwith the County Chamber of Commerce, Industry andAgriculture, representing 0.<strong>21</strong>% of the total number ofcompanies registered at the national level during thistime. Their cumulated subscribed capital was4,834,800 USD, equivalent to a share of 0.07% of thetotal subscribed capital per county. These figuresindicate that Giurgiu County ranks among the leastdeveloped counties in Romania, in terms of businessoperations. According to the number of companieswith foreign capital, Giurgiu County holds the 37 thplace, and with the total amount of subscribed capitalit occupies the 40 th place. The county has a similareconomic standing with the counties of Gorj, Botoşani,Ialomiţa, Vaslui and Călăraşi.I.2.1.8. Dynamics of the SME sectorRegistered Business EnterprisesCounty1998 1999CountyOf which:- S.A. 10 10 15 10- S.R.L. 282 154 246 136- R.A. - - - -- O.C. - - - -- P.F. + A.F. 476 283 447 237TOTAL 769 447 708 383Business Enterprises Operating at the End ofthe Year:Statistics reveal that most enterprises operate aslimited liability companies. The number of businesseswith foreign capital went up 35% from 1998 to 1999. Inaddition, total subscribed capital per municipality andcounty respectively registered a slight increase overthe same period of time.Type ofEnterpriseTotal Subscribed Capital (million Lei)12.31.1998 07.01.1999CountyCountyMunicipalityMunicipality1998 1999CountyMunicipalitpalityMunici-CountyOf which:- S.R.L. 5,432 2,953 5,678 3,089- S.A. 268 128 283 138- R.A. 6 5 - -- O.C. 78 8 78 8- P.F. + A.F. 4,323 2,155 4,514 2,389TOTAL 10,151 5,293 10,603 5,674MunicipalityMunicipality- P.F. + A.F. - - - -- S.R.L. 36,032 18,577 46,144 27,343- S.A. 575,908 406,441 545,697 371,123- R.A. - - - -- O.C. 3,868 825 3,779 867TOTAL 923,323 562,3<strong>21</strong> 952,868 601,062Analysis of the indicators for 1999 and the first quarterof 2000 show that prolonged nation-wide economicrestructuring had negative impacts on the municipality,resulting in unemployment and lower living standards.I.2.1.9. ServicesGiurgiu Free Trade ZoneThe Free Trade Zone (FTZ) was established in 1996,under the Law no.84/1992, and currently hostsapproximately 300 companies. FTZ aims to fosterinternational trade in the region, attract foreigninvestment, promote new technologies and increaseefficiency in the management of national economicresources. The Zone stretches over 160 ha in themunicipality and offers multiple facilities for anyRomanian or foreign company. It is located only 64 kmfrom Bucharest and nearby one of the most importanttransit points on the national border.The FTZ has a straight connection to the main roadand railway traffic corridors, and also has adequateinfrastructure for fluvial transportation (wharfs andpiers) - manipulation and conveyance of heavyweightgoods. Companies established here specialise inheavy machinery and equipment, shipbuilding,

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