With more than EUR 2.2 billion in value, according to the latest study by the Romanian Factoring Association (ARF) the factoring market grew by 13% in the first semester compared to the same period in 2017. The domestic factoring market grew by 14% to €1.76bn.
“This year, the market kept the growth trend from 2017, despite factors that had a negative impact on the economic sector, such as a steady decline in public investment, an increase in the benchmark (which cost the financing cost in the short run) the evolution of the exchange rate, the slowdown in population consumption. In the middle of last year, the growth was 12% over the same period of 2016,” explains Bogdan Rosu, president of the Romanian Factoring Association.
