Firms prefer self-financing

Ninety-five percent of the Romanian companies prefer to use their own resources to finance their operations, a survey by BRD Sogelease and Admis Advisors consultancy shows. The survey is based on the answers provided by 1,000 domestic companies, which make at least $300,000 a year in revenues and geographically cover the top 20 cities, economically speaking. The analysis shows 57% of those canvassed to have chosen leasing as the financing source, while 47% took out a loan from a bank and 10% borrowed from their business partners. The survey shows that since the establishment of the companies in question until now, the main reason for choosing self-financing has been the lower financial cost, as pointed out by 62%, and the higher accessibility (58%). ZF