Over the next two or three years the economy will continue tolanguish, using an "it's OK as it is" approach, severalbusinesspeople believe, while Dan Pascariu, chairman of UniCreditTiriac Bank's Board of Directors, says there are surveys that showRomania will become one of the growth vectors in Central andEastern Europe again. No one has learnt anything from this crisis,and the same mistakes will be made as soon as lending resumes.
Those were the conclusions of the ZF Expert debate yesterday.Two years from Lehman Brothers' collapse, which was the onset ofthe global crisis, Ziarul Financiar invited bankers andbusinesspeople to discuss about Romania's development over thisperiod and about forecasts for the next few years.
Attending the debate were Florin Pogonaru, chairman of theRomanian Businesspeople Association (AOAR), Florin Andronescu,business developer of Sanador, Dan Ioan Popp, chairman of ImpactDeveloper & Contractor Bucuresti, Florin Citu, financialmarkets analysts with ING Bank, Dan Pascariu, chairman of UniCreditTiriac Bank's Board and Doru Lionachescu, managing partner ofCapital Partners.
"Macroeconomic research by major banks reveals Romania as one ofthe main vectors of growth in the region over the next two or threeyears. I, too, have my reservations. As things stand now in termsof politics, 2011 does not look successful, it looks more like ayear of languish," Pascariu said.
In turn, Florin Pogonaru, whose opinion the other businesspeopleshare, believes that Romania will post marginal growth over thecoming years but the overall sentiment will be one of languish.
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