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Pogonaru: In Romania, there are now sad bankers and tired business people

24 noiembrie 2009

Information in English

Romania is currently dominated by sad bankers and tired business people, Chairman of the Romanian Business People’s Association (AOAR) Florin Pogonaru told the 8th edition of the Biz Days conference in Bucharest on Monday.

‘In Romania, there is still a wide-spread idea that money is made through financial fraud only. Currently, I can see sad bankers and tired business people in Romania,’ said Pogonaru. He said that both Romanian and European banks will be facing big problems with bad loans throughout the middle of 2010.

Pogonaru added that any balanced business can earn money despite the crisis. The purchasing power of Romanians has plummeted in figures, but Romanians continue to consume, X-Trade Brokers Romania CEO Victor Safta told Biz Days.
‘The purchasing power of Romanians has plummeted in figures only. In fact, Romanians continue to consume, and that is visible to the naked eye. In my opinion, the ongoing economic crisis does not affect us much, probably more on a psychological level, also because we have to put up with a defective market,’ Safta explained.

Investor Radu Ioan Tudorache, a stockholder in the Newarch Investments on-line investment company, pointed out that any business conducted without balance would be impossible, and that the distance services segment provided by the European Communities is a solution to get Romania out of the crisis. The 8th edition of the Biz Days trade show of innovation, new technologies, marketing and communications started on Monday in Bucharest.

The Biz Days organisers will devote each day between November 23 and 27 to one single business domain: entrepreneurship, real estate and retail, innovation and design, corporate social responsibility and media and marketing. The event, considered the largest business-to-business event in Romania is gathering nearly 1,500 top and middle managers, entrepreneurs, communication specialists, consultants, investors, public administration officials, NGO officials and mass media.
The first day of the event is devoted to entrepreneurship and the attendees will present six case studies, including success stories and failures of the year 2009, as well as ideas for 2010.

 

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