Romania could experience widespread leasing business failure if
market contraction continues into 2010, the country’s leasing
association (ALB) has warned.
ALB’s statistics for leasing in 2009 put total business volume
for the nation at €1.33 billion, some 72 percent down
year-on-year.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Across Europe, only Turkey, Estonia and Ukraine have exceeded
this rate of decline. In the CEE region, more mature markets such
as Poland, Slovakia and Czech Republic have experienced milder
contraction.
Jean-Claude Boloux, head of ALB, predicted stagnation or
single-digit improvement in volumes for 2010, but admitted that
further decline was possible, carrying the threat of bankruptcy for
domestic lessors.
Fred Crawley
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
