Romanian lessors expect that leasing levels will at best remain
flat in 2010, according to the country’s leading lessors.

The Romanian leasing association, ALB, estimates the Romanian
leasing market will reach €1.25 billion this year. This figure is
substantially down – by 74 percent – on 2008, when the value of
financed assets totalled €4.8 billion.

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Mihaela Mateescu, general manager for Raiffeisen Leasing in
Romania, said that it would take time before the market returns to
the levels hit in 2007 and 2008; but that the second half of 2010
could bring more stability and predictability in the market.

Leasing companies will continue to face problems in the first
half of 2010, however, Mateescu said.

Although in the best case scenario Romanian lessors expect the
market to be flat next year, it is more likely to continue to
decline slightly, figures show.

Jason T Hesse

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