Total Pageviews

Thursday, September 20, 2012

VIDEO Predictii Coface - Cristian Ionescu: Vom mai ajunge la nivelul economic din 2007-2008 abia din 2014 - Finante & Banci - HotNews.ro

Great economic and financial analysis about Romania and the future of the EU:

In English & romanian:


Predictions Coface - Cristian Ionescu: We will reach economic levels in 2007-2008 until 2014

of     Smile Media
Thursday, September 20, 2012, 12:50 Economy | Finance & Banking

Cristian Ionescu
Cristian Ionescu
Photo: Smile Media
"We are in a waiting state will have a negative effect. Collective moral As the market and the players in the economy, stand very bad, because we do not know why sit and stay, what to expect. Nobody will get us out of this situation than us, but there has to be positive signals coming from the area of politics.'s about creating a framework, not intervention in business. We expect that we will have another year or two of stagnation at all positive - the lost years of life and only in 2014 was our reach in the years 2007 to 2008, "said Cristian Ionescu, Coface Country Cluster Manager. Excerpts from recordings in the studio HotNews.ro: Where we are today:




  • Romanian economy is in a state of convalescence
  • Crisis has passed, though statistically we can talk depsre a slight increase in semnestru 2 of 2012, 0.2%
  • Suffering economy, large companies suffer, though somewhat macroeconomic indicators are set
  • Statistics show that we are in the worst period in recent years, in terms of investment
  • At the end we got 45% last year, a year anyway hateful in terms of foreign direct invetitiilor
  • Iinvestitorii prefer to wait, even if there are business opportunities in Romania
  • No existing companies in Romania does not have the courage to increase their investments
  • We are in a waiting state will have a negative effect. As a collective moral and market players in the economy, stand very bad, because we do not know why sit and stay, what to expect
  • Nobody will get in this situation than us, but there has to be positive signals coming from the area of ​​politics. It is about creating a framework, not intervention in business
  • In this unstable context requires recognizing voices of professionals, to come forward and say how things are, so consider appropriate interventions Governor
  • Today we are kept in check by international creditors
  • Without inteventia these lenders have entered into a general breakdown, as happens today with Greece
  • Relatively good situation of Romania is due to the cooperation program with foreign creditors
  • Despite political events and the devaluation rate, macroeconomic indicators were not greatly disturbed
  • Perhaps we will have another year or two of stagnation at all positive - the lost years of our beef and only in 2014 to reach the level of 2007 0 2008
  • For many years we speak of European funds. Free money, 20 million euros that are made available to Romania, from which I accessed until today only 17%
Future prospects: 
  • It takes a very clear political will, with a very precise strategy.Unfortunately time horizon of the current government is up to elections
  • We have a "very short term view" in Romania, I think that we characterized in one utimii 20 years
  • Unfortunately we are unable to get out of this little fight between us
  • Any strategy, such as Private Government or the Foreign Investors Council, is better than no strategy
  • If we can have a strategy and to create a stable, single investment will come
  • Speaking of the future, this year we see an increase greater than 1%, which is not really bad if we consider we've been through periods
  • We are well below economic potential that Romania has. Specialists estimate anywhere from 2.5 to 3.5% growth rate of arrival of Romania and the EU
About the evolution of the exchange rate :
  • Pronounced volatility term was leaked and caused by political events
  • Central bank intervention in this period was an appropriate
  • If we did not have those agreements with international creditors things would have been much worse
  • I had a withdrawal of € 1 billion in bonds in July, money that came out of the country immediately, without even roll in economics
  • Romanian insolvency risk has greatly increased during increased from March 1, something at 4.47
  • It is a large percentage increase, but can not compare with what happened in other countries
  • Fluctuations course will not be easy stabilized during
  • We expect that things will ramen stable, remains to be seen what happens in elections
  • Inflation will begin to rise slightly from last year's record of less than 3% to 4.5%, coming amid increasing food prices internationally
Country Risk Conference :
  • We have very important guests, 400 business people, top managers, CEOs globally and regionally
  • At any of our appliances on country risk conference I avul politics with us, I was turned down at the last minute
  • November Rentru this show and how environmental concerns political economic environment
  • We want horses that can change Trandate sites sectoral parteicipe Our conference and try to implement the best ideas
A detailed analysis of these determinants will be discussed in the Conderintei country risk, Coface event of tradition and reference for business in Romania, which will take place on September 26, 2012, at the Hilton Hotel in Bucharest. More information about the conference, please visit our website evenimentulu i fully Watch the video :







Read more about     •  • 

http://economie.hotnews.ro/stiri-finante_banci-13259668-video-predictii-coface-cristian-ionescu-probabil-vom-avea-inca-doi-stagnare-deloc-pozitiva-abia-din-2014-incercam-ajungem-nivelul-anilor-2007-2008.htm?cfnl=
(P) VIDEO Predictii Coface - Cristian Ionescu: Vom mai ajunge la nivelul economic din 2007-2008 abia din 2014 - Finante & Banci - HotNews.ro:



B. Magurele, the Romanian Silicon Valley.

'via Blog this'