Financial crisis is caused by in-depth gaps that sum up to the fact that Chinese people is manufacturing while Americans are consuming, said Octavian Radu, founder of RTC group.
According to him, the crisis hurts every field of activity, whereas Diverta is at the “happy” end of segments negatively influenced by the precarious international financial status. “The crisis affected the real estate, then expanded and hit the car industry, the number of car sale registering a drastic slump, however the book is saved from this point of view”, said Radu.
Octavian Radu explains this trend by the fact that people are looking towards things that don’t cost much. “In times of crisis, people buy more DVDs, preferring to stay indoors and watch movies. If they don’t buy cars anymore, it is more likely they buy a book”, said RTC head.
Still, in case Romania gets hit by a recession, Octavian Radu sees a possible decline of 10% next year for its businesses.
He added he had anticipated the economic crisis, adding that he never knew how this would manifest locally. The impact of economic crisis lay in deep unbalances that consist in the fact that “Americans consume, and Chinese produce”, as he stated.
As for the larger extent of the damage caused by financial crisis in the neighboring countries than Romania, he explains the situation with a comparison. “Of course cars are hit faster than books. Hungary was certainly more vulnerable, its trade deficit was always double, triple than ours, therefore the extent of the damage is obviously larger than in Romania.”
However, RTC head said he would continue to invest, despite the economic crisis, adding he will make public more details on new investments in November.
Dol.ro, the online platform of DivertaDol.ro marketplace will commercialize this year products worth 600,000 euros, namely 1% of overall
