The banks, apart from the already ordinary credits for the SME, head for the specialized products. Carpatica Commercial Bank, for instance, launched at the end of the last year a product destined exclusively to the transportation field.
According to Radu Dinescu, the National Union of Road Transporters (UNTRR) general secretary, the funding costs are much more important to the local operators than to the foreign competitors. ”Romanian transporters would like to approach flexible financing systems, based more on the company’s ability to perform an effective activity and less on the financial results. They would also like to get a better rate than in EU. Unfortunately, if the fuel’s price is in line with the European level, the financing costs are different. In Romania, the perfect combination would be a foreign operator who can get the financing in the West and who would operate with the local administrative costs: less paid drivers and costs below EU’s standards, for the moment. Overall costs for the Romanian and foreign operators are not different, but their structure is“, said Dinescu.
