Businessmen polled by Wall-Street hope the new Executive will become aware of the current climate and proposed to take into account the financial crisis in the planning of their 2009 budgets, as the business environment needs endorsement from governmental factors.

Denial is not a recovery plan for the economic landscape

Expectations of Robert Maxim (photo), Managing Partner at Ensight Management Consulting, from the future government suggest a fast and effective policy response to shore up the economic environment and to use the specific levers to prepare what specialists call “soft landing” for the Romanian economy.

Robert Maxim, one of the most noted management consultants in the local market, said the main objectives of the government plan should support the domestic business landscape, focusing on stimulating real economy, loosening fiscal policies and maintaining taxes.

In the coming six months, Robert Maxim added, the Executive should draw a set of measures to hamper the effects of crisis. “Most of the European economies are griped by the crisis and consequences are visible in Romania as well. Denial of a crisis and the overly optimism is not a solution. The problems are already visible: volatility of the Stock Exchange, tightened lending requirements, liquidity shortage, flagging production, shut down of factories, unemployment, postponement of foreign investments in Romania (e.g Voestalpine, that would have been the biggest foreign investment in Romania), outsourcing factories to adjacent countries (Kraft)”.

He signals the politicians’ optimism as far as the economic crisis is concerned, adding that the crisis will avoid Romania. “Romania is not an isolated island, which will remain immune to the crisis that already affects the economic climate of European countries. Economies of the states are linked together, and if one of them