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
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
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
