However, a bumper harvest could drive the growth rate to around 2%, said Constantin Coman, country manager Coface Romania.
The International Monetary Fund last week has revised upward its growth estimate on Romania’s economy to 2% in 2013 from 1.6% previously, saying it expects better contributions from agriculture and exports.
Despite positive economic signals, Romanian companies continue to face major problems, including low liquidity levels and a difficult access to financing, Coman said.