Negritoiu, ING: Crisis teaches entrepreneurs money's no longer easy to make

Solvent loan demand is very fragile as there are no solid turnover growth conditions at least for the time being, and NBR's interest cuts do not automatically drive loan interests down because it is hard to finance medium and long-term RON loans with resources attracted on short term, states Misu Negritoiu, ING Bank general manager. "(...) The market is still being cleaned up and business models are resettling, but on the basis of the experience gained during the crisis, entrepreneurs have the opportunity to embark upon more solid businesses, with sound growth, even though they have to change fields". The banker says entrepreneurs have now learnt they can no longer make money easily, without serious ideas and structured projects, "they have learnt to think of the worst first". "In Romania, SMEs have rather been vehicles through which various deals and transfers were operated, brokers among large businesses, with very few of them having medium-term thinking".