Romania's financial consultancy market to grow this year on higher number of insolvency cases

The local market of financial consultancy services will hike this year especially on the specialized and very specialized financial services segments following more insolvency cases, according to the head of Riff Holding International, Marius Stancescu.

He mentioned service companies began to face difficulties and to cash in less money, next to the companies in the industry and the ones running import and distribution activities.

Some of these companies recorded profits of million euros two, three years ago and in just a few months began to witness at least 30 percent lower sales, said Stancescu.

He estimates a 30-35 percent growth for the financial consultancy services provided by Riff Holding International in 2008.

Riff Holding International posted 4 million euros turnover last year, of which 1.5 million euros on the financial services segment.  

NewsIn