ZF English

Businesspeople believe economy will recover in 2011

Autor: Andreea Mioara Neferu

07.01.2011, 00:00 43

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

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

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

The six agreed that 2010 was a year in which a desire for changewas felt increasingly more, both in the public and the privatesector. Moreover, Romania continues to be an attractive market forforeign investors, despite the economic problems of the last twoyears.

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

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