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Foreign Investors Affected By Romanian Partners’ Bankruptcy – Survey

The main problem of German, Swiss and Austrian investors in Romania is the bankruptcy of their local partners, fueled by the economic crisis, according to a survey conducted by audit and consultancy firm LeitnerLeitner.
Foreign Investors Affected By Romanian Partners’ Bankruptcy – Survey
Mihnea Marsilian Totan
13 sept. 2010, 15:02, English

Clients are faced with the rigidity of local fiscal authorities in collecting taxes and the lack of counseling for local managers as regards finance and liquidity issues, the survey says.

Due to the current economic conditions, LeitnerLeitner recommends its clients to optimize their fiscal structures and costs and to revise the financial reports of their subsidiaries.

„LeitnerLeitner still believes in Romania’s high potential in attracting foreign investments and boosting the market, but the potential may be achieved only when the authorities solve the country’s political and macro-economic problems,” the survey says.

Austria is the main foreign investor in Romania, where it registers over 5,800 firms.