Business Store. What are the chances that Romanian banks and companies will become regional champions?

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By TP


The development of regional leaders, especially in key sectors, represents in the vision of bankers not only a strategic necessity for the local economy, but also an essential step in strengthening the position of Romania in the region, the Romanian companies that have become regional players being practically a kind of important «ambassadors» of Romania. Romania needs regional champions, and more and more, powerful companies, which will generate progress and prosperity, which can become a growth and stability for the country, which can help build a national identity, can contribute to the country's economic reputation, can have multiplication in GDP, the bankers say. Banks are delimited as the main financier of the Romanian economy and have a share of about three quarters (almost 76%) of the assets of the entire financial sector in Romania. The development of regional leaders, especially in key sectors, represents in the vision of bankers not only a strategic necessity for the local economy, but also an essential step in strengthening the position of Romania in the region, the Romanian companies that have become regional players being practically a kind of important «ambassadors» of Romania. If in the past I saw only foreign companies coming to Romania, bankers noticed in recent years and Romanian companies that cross the border and extend abroad, on new markets, starting the international experience, a result of growth, maturation, capitalization and know-how that the Romanian entrepreneurs have managed to win in this market. After more than three decades of capitalism, most of the Romanian companies do business only in Romania, benefiting from the growth opportunities offered by the local market, and have not yet decided to go out on other markets and fight with the unknown.Read the full article on Business Magazine.

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