Businesspeople believe economy will recover in 2011

The six businesspeople attending yesterday's ZF Expert open editorial meeting, who operate in air travel, constructions, pharmaceutical sector, pension funds, fiscal consulting and real estate, believe 2011 will be the year of economic recovery.

Businesspeople and managers say the Romanian economy could return to growth in 2011, even though it might be quite low.

ZF's open editorial meeting, where businesspeople are invited every month in order to discuss the hottest topics in the economy, was attended yesterday by Mircea Oancea, president of the Private Pension System Supervisory Commission (CSSPP), Mihaela Mitroi, partner at PricewaterhouseCoopers, Adrian Mitiriţă, finance and IT director of Actavis Romania, Gheorghe Răcaru, strategy and development director of Blue Air, Mihnea Şerbănescu, general manager and owner of DTZ Echinox and Răzvan Paşol, chairman and general manager of Intercapital Invest.

The six agreed that 2010 was a year in which a desire for change was felt increasingly more, both in the public and the private sector. Moreover, Romania continues to be an attractive market for foreign investors, despite the economic problems of the last two years.

And this primarily because "we are selling ourselves cheap," according to Şerbănescu, and secondly because there are flotation prospects for a whole set of companies. Flotation of the Property Fund, scheduled for January 25th, could have a positive impact on economic progression, with Romania regaining foreign investors' attention. There are also prospects of the state kicking off the flotation process for the stakes it holds in Petrom, Transgaz, Transelectrica and Romgaz.