BUSINESS

EY: Romania still small, second-level

Romania is still a small, second-level market, with a limited number of transactions, although remarkable peaks occur in terms of value over certain periods, according to a study by EY. The largest transactions in Romania, in 2003 took place in the financial services sector, while the telecom and media are possible significant transactions over the coming period, according to EY’s M&A Barometer 2013. ‘Another remarkable feature is the small number of transactions with Romanian companies purchasing foreign assets. In this respect, a comparison with Turkish, Polish, Czech, or Greek companies is important once more; it shows that the local market still has to grow up to compete regionally,’ EY Transaction Advisory Department Manager Mihai Pop said.

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