Cluj-Napoca, October 13, 2009. Romania has had an extraordinary growth in the first half of this decade with the effect of overheating especially real estate markets and prices for management capacities and services.
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It can be seen now that in a matter of months the present crisis has had the positive effect of bringing prices and corporate culture in line with European standards. Nevertheless the crisis in Romania will be ongoing for this year with further declines and for next year with a stabilization of the situation. This indeed should help to make local businessmen, banks and investors more cautious in the future in order not to repeat the mistakes which led to this crisis.
Due to these reasons a second round of golden times for investments in Romania is just in the beginning. The financial crisis penalized those which came late into the market and many suffer from declining values of their assets. Nevertheless this correction in the market opens new opportunities for the future. Though profits in Real Estate investments have been higher in the past, they very often have been offset due to high risks involved at transactions such as unclear history of ownership, restitution risks, corruption and legal grey zones. Since the integration of Romania among several other CEE markets into the European Union and moving closer in legislation, economy and finance systems to those of the European Union the results and profits can be obtained on a merely secured basis.
Analyzing all short and long term effects we are now confident that after having passed the present crisis a new golden era is upon to start. Mainly Start-ups, SME and smaller corporate groups can benefit now who have been undecided to come to Romania caused to the previous conditions. Office prices have dropped, qualified staff is now available in numbers and at reasonable conditions and also staff capacities from abroad are available in abundance at modest wages. Especially producers of consumer goods from western European countries stand a good chance in opening a new export market. Contracting any kind of labour, product and goods for import from Romania has also become again attractive.
Intertrust Consulting is active in the Romanian market for more than 8 years. The combination of Austrian management and local experts has made us one of the leading consulting firms in Transylvania. We are offering advisory for financing and restructuring tasks, mergers & acquisitions brokerage, assistance in import-/export related issues as well as management and incorporation services to SME sized companies in Romania and abroad.
Our company has specialized to deliver custom-made solutions to companies and investors in the SME-sector and has launched a campaign of attracting investments out of western European countries to include Romania into their strategies and plans. With the headquarter in Cluj-Napoca and representative offices in Bucharest and Chisinau Intertrust Consulting is able to serve the needs of its clients not just countrywide but also cross border into the Republic of Moldova.
This release was published on openPR.
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Intertrust Consulting sees upcoming chances in Romania due to crisis shaken environment – Press release October 13, 2009