Protection providers make 20bn lei a year

Foreign trade is a highly complex and uncertain business. Complexity creates confusion, while uncertainty creates fear, so that the number of Romanian economic operators turning to companies specialised in drawing up creditworthiness reports and recovering debts from both local and foreign partners is increasing.

The specialised services market, where information about the companies dealing in foreign trade is in highest demand, might reach some 20bn lei this year.

The development of a business information and debt recuperating market was practically prompted by the need of the economic operators to know the financial situation of their potential partners, as well as by the necessity to find faster ways to recuperate money from debtors.

Some of the companies providing such services in Romania are Intercredit Information Bucharest, Creditreform Romania, Creditplus Consulting & Collection, Reconversie si Valorificare Active S.A. (Assets Reconversion and Capitalisation) and Star Collection Agency, which provide marketing information about various companies, as well as creditworthiness reports, commercial and legal consulting, access to databases and attempt to recuperate debts by legal methods.

The benefits from using such services consist in lower risk, optimal sizing of the credit granted to a partner depending on its payment capacity and less effort in recuperating debts.