Bucharest, 17th of September 2015 - Unlike three years ago when European developments and goals appeared reasonable and pointed to a generally predictable future for Romania, the current situation paints a different picture, with the same objectives requiring re-interpretation, re-evaluation and even postponements - as argued by the Romanian Association of Financial Banking Analysts (AAFBR), which hosted the 7th edition of its annual conference on Thursday.
New stakes and geopolitical tensions, uncertainties regarding European economic developments and the future of the Eurozone, alongside the limited geographical reach of Romanian companies and the reshaping of Europe, all lead to potential vulnerabilities for Romania's positioning.
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| Mr. Friedrich Mostboeck, EFFAS Deputy Chairman |
"Undoubtedly, Europe is in the midst of a deep process of remodeling, whose end result is hard to predict. Romania's positioning in such a reference system - which was stable until recently, but is changing today - makes our own coordinates to be constantly changing as well. We need to carefully analyse to what extent Central and Eastern European countries - and especially Romania - have the opportunity to become development models for older EU member states in the next decade, thus removing their current peripheral economies label" stated Mr. Radu Craciun president of the local Romanian society AAFBR.
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| Mr. Radu Craciun, AAFBR Chairman |
The conference - whose main theme was "Romania in the next decade. Talking about its future in a reshaping Europe" - was organised with the support of the National Bank of Romania (NBR) and had as guest speaker Mr. Bogdan Olteanu, deputy-governor of the NBR, as well as representatives from the Executive Management Committee of EFFAS (The European Federation of Financial Analyst Societies) which held the previous day its first board meeting in Romania. EFFAS was represented by the chairman Jesus Lopez-Zaballos (Spain), Fritz Mostboeck (Austria) and Frank Klein (Germany). Fritz Mostboeck and Frank Klein gave also a speech and were involved in a conference panel and discussion on the recent situation and future developments of the European economies.
During the four sessions, top notch experts in macroeconomics, finance and politics discussed ideas and perspectives of the economic and political future of Romania in an European context.