Copos: Those who made good investments will survive

George Copos (photo), who controls Ana Holding group, with operations in the hotel industry, the field of electrical engines and bakery production, is going to centre his future investments in the assets of already existing companies, and says profit margins on the market will narrow significantly in the following period. “We’re going back to normal profits, of 5% to 7%, even lower than inflation. We’ll have to settle for these profits given the current state of the economy and the fact that many firms will collapse,” said Copos. According to him, small and medium-sized firms will be the hardest hit, as they have not had the necessary time to face competition. The businessman considers the ones to survive on the market are the ones that have operated good investments. Copos’ investments will focus on the hotels he owns in Bucharest, Crowne Plaza and Hilton, with the investment plan for the two hotels amounting to 10m euros in two years. Also, Copos will focus on Ana Imep engine plant and on Ana Pan bakery products business. “(…) I’m happy none of these firms will default or fail, as it will happen with many companies on the market,” said Copos, who owns plots of land of around 150,000 square metres in Bucharest. Besides Ana Tower, the office tower for which he is seeking an investor to team up with, Copos does not plan any further real estate investments.