“Only the strongest survived, but most came out rather ruffled from the turbulence of the past 6-8 years. Compared with 2008, Romanian companies now have bigger debts, have negative working capital, commercial exposures have doubled and their capacity for self-financing is more fragile. In case of a crisis similar to that felt throughout 2009, the immunity of Romanian companies is much weaker and one in three companies will become insolvent, compared with an average of 20% registered in 2009,” said Iancu Guda, Services Director, Coface Romania, cited in a study on the immunity of the business environment faced with domestic and international uncertainties.
He said companies should remain flexible and outsource non-core activities, as global risks are increasingly more complex and diverse.