January has paved the way for talks to finance projects that had frozen because of the crisis, says Bogdan Boteanu, 37, deputy general manager of ING Bank in charge of the division dedicated to medium-sized companies (with turnover of between 2 and 50 million euros).
“Talks are being resumed for projects that had been shelved
because of the crisis. January was not a spectacular month, but it
paved the way for talks. The second half of the year will probably
show clearly if we are out of recession or not.”
The banker says there are certain encouraging signals coming from
the economy, with the biggest expectations involving
industry.
“Sometimes we let ourselves be misled by statistical figures. You
also need to “feel” the moves of the economy, and banks can feel
the pulse. As far as transport is concerned, there are already
signs of a rebound.”
Similarly to other commentators, Boteanu believes exports will not
be able to drive the economy out of crisis on their own. At the
same time, he says exporting companies are the preferred clients,
accounting for over 30% of funding dedicated to medium-sized and
small companies.