In Sept 2008, Coface kept the country rating for Romania at A4-, it had been the same at the beginning of the year, this happened because of the macro-economic imbalances.
Coface puts the economic growth for 2009 at 2%, the inflation at 6.3%, the exports at 49.7 billion dollars, and the imports at 72 billion dollars in 2009, the current account deficit at 10.5% of GDP.
Romania's overheated economy has strongly felt the shock of the crisis wave, according to the source.
The volume of real estate transactions went down 70% in 2008 on 2007, and the sales of Dacia cars dropped 55% in Dec 2008, on Dec 2007.
The exports decreased 17% in Dec 2008, on Dec 2007.
As for the companies, 90% of the transactions are paid with an average delay of 90-120 days.