Over the next two or three years the economy will continue to languish, using an "it's OK as it is" approach, several businesspeople believe, while Dan Pascariu, chairman of UniCredit Tiriac Bank's Board of Directors, says there are surveys that show Romania will become one of the growth vectors in Central and Eastern Europe again. No one has learnt anything from this crisis, and the same mistakes will be made as soon as lending resumes.
Those were the conclusions of the ZF Expert debate yesterday. Two years from Lehman Brothers' collapse, which was the onset of the global crisis, Ziarul Financiar invited bankers and businesspeople to discuss about Romania's development over this period and about forecasts for the next few years.
Attending the debate were Florin Pogonaru, chairman of the Romanian Businesspeople Association (AOAR), Florin Andronescu, business developer of Sanador, Dan Ioan Popp, chairman of Impact Developer & Contractor Bucuresti, Florin Citu, financial markets analysts with ING Bank, Dan Pascariu, chairman of UniCredit Tiriac Bank's Board and Doru Lionachescu, managing partner of Capital Partners.
"Macroeconomic research by major banks reveals Romania as one of the main vectors of growth in the region over the next two or three years. I, too, have my reservations. As things stand now in terms of politics, 2011 does not look successful, it looks more like a year of languish," Pascariu said.
In turn, Florin Pogonaru, whose opinion the other businesspeople share, believes that Romania will post marginal growth over the coming years but the overall sentiment will be one of languish.
Over the next two or three years the economy will continue to languish, using an "it's OK as it is" approach, several businesspeople believe, while Dan Pascariu, chairman of UniCredit Tiriac Bank's Board of Directors, says there are surveys
