The poor performance of the Romanian economy over the last yearhas changed the perception of the role of bank clerks, while thefear of creditors has prompted retailers that would previouslypursue an aggressive expansion in view of market share, to file forinsolvency themselves.
"Although Romania has failed to generate interest for foreigninvestors over the last few years, the feeling of collapse is goingaway, there is no more fear. Countries' financing of banks wasreflected at the level of the bank clerk, whose leading mission isnow to restructure a loan, not to grant one," said Florin Pogonaru,president of the Romanian Businesspeople's Association (AOAR) at aconference organised by Coface, whose business includes commercialcredit insurance, debt collection, factoring operations.
The public deficit, the lack of foreign investors, the austeritymeasures and the poor absorption of European funds are the mainproblems of the economy, with the future not looking very bright,either, say businesspeople and consultants.
"The future doesn't look very good at all, companies will continueto have problems. What every businessperson needs to do is focusexclusively on profitable projects and on debt collection,"specified Cristian Ionescu, country cluster manager within CofaceRomania, Bulgaria, and Slovakia.
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