Dan Ioan Popp, chief executive officer of Impact, the sole Romanian real estate developer listed at Bucharest Stock Exchange speaks in an interview for Wall-Street how Romanian companies strive to seek a loophole out of crisis, and what’s ahead of Romanian stock market.
Scrambling for a way out of crisis
The crisis has shattered the business landscape and created new economic and financial landmarks. It has been the buzz kill to executives ready to feast on bulls. The result, a new concept in the business arena emerged “crisis managers”.
Dan Ioan Popp speaks from the standpoint of a manager in office for the past ten years. His vision to riding out the tough times: a company-wide review of activity. Although it is hard to give some clues to what the future holds for us, Popp says he’s a bit surprised of the European Union’s failure to take issue and do something as well as of US administration’s shift of focus, adding that the old regulations call for immediate change.
“Financial and accountability rules need to get back on the drawing board. Imbalances between economies in China, India, Mexic and the rest of the world must narrow. If these facts remain the same, there is nothing else to talk about”, said Dan Ioan Popp.
Barack Obama and his assumed position in this context is a good sign, he says. US markets and EU markets must even up, and soon.
“If these two markets don’t try to share common pathways, nothing good will come out. Romania will swing back and forth by the news, because we are too little, we will keep depending upon what other people decide”.
Even if the landing will be painful, we have to stay informed around the clock. We have to understand what is happening and to think the unthinkable, to see all the possible scenarios.
“It is smarter to be a tenant than a landlord”
In the last half of the year, I
