Managers overlook business protection

The managers of the Romanian companies generally overlook the protection of their businesses, as they do not seek to get enough or any information about their business partners, Gigea Teodor, general manager of Coface Intercredit Romania said. “The flaw of the Romanian management is the little information they seek to get about their business partners. The lack of economic information makes managers of the companies in Romania very rarely use a specialised firm (which devises credit reports and collects debts) upon first contact with a potential partner,” the Coface Intercredit Romania manager explained. The company is part of the Coface Intercredit Holding, based in Austria, which operates on the specialised services market by providing debt collection and business consulting services and offering business intelligence about business partners to any interested company. Coface Intercredit Romania last year posted 11bn ROL turnover, up more than 40% from 2001 (7.5bn ROL), with gross profit reaching 5.5bn ROL. Its 2003 plans include maintaining last year’s upward trend followed by its financial indices, by attaining 40%-50% higher turnover than in 2002. ZF