RAZVAN ALBEI & Co. Law Office
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Ana Mihai
Of Counsel


"I know the price of success: dedication, hard work, and an unremitting devotion
to the things you want to see happen" ...

Ms. Ana Mihai (2nd year student at the Faculty of Law) is one of the key members of the public relation team at Albei & Albei Law Offices.
Her practice focuses primarily on business skills such as negociation and communication. 
She is very familiarized with Trade Register related matters, recovering debts procedures, and employment disputes.

Ms. Ana Mihai graduated the "German High School" in 2008 and she practices at the highest level German, English and French.







Mobile: +40 0731 439 595

E-mail: ana@albei.eu
 
Bankers are increasingly concerned about the corporate segment, where difficulties in repaying loans are on the rise, and are calling for regulations that would encourage clients to maintain financial discipline. Sergiu Oprescu, vice-president of the Romanian Banking Association, says one should avoid situations where companies with hefty loans taken from banks file for voluntary insolvency over small debt. Considering capital adequacy regulations, such a practice ultimately affects the banks' ability to grant loans. "If a company enters into insolvency proceedings voluntarily, its loan is automatically considered a "loss" and needs to be fully provisioned, with the impact on the capital amounting to 100% of its value. Due to the capital adequacy indicator, such a loan prevents the bank from granting a 12 times higher prospective loan," says Sergiu Oprescu. For instance, if a company which has a 10 million-euro loan taken out from a bank enters into insolvency, the bank's capacity to grant loans, if the same equity capital is considered, will be 120 million euros lower. (Z.F.).





The economic crisis is prompting Romanians to turn to cheaper services, with low price-oriented companies betting on the change in behaviour to boost their businesses. Discount stores, fast food restaurants and low cost airlines are just a few of the sectors that have not been intimidated by the crisis and have yet to freeze their investment plans. Discount stores, for instance, which have seen a major expansion on the Romanian market over the last few years, are expecting their market share increase to accelerate in 2009, due to the changes in consumer spending behaviour. In 2007, discount stores posted business worth 600 million euros on the Romanian market, which accounts for around 15% of overall sales in modern retail, put at 4-4.5 billion euros. This period will also be auspicious for low cost airlines, which are hoping to attract clients from traditional companies. "There are two main directions: demand level and business model. As concerns demand, people continue to travel, but they are willing to pay less. This means there is a migration of passengers from traditional carriers to low-cost ones. As for the business model, we believe only companies that manage to keep their costs extremely low will be able to weather the crisis," said Natasa Kazmer, head of corporate communications and public affairs of Wizz Air. (Ziarul Financiar).





 


 
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Albei & Albei Law Offices - MMVIII
16 Cantemir Blvd.
2nd Floor
Apt. 105
District 4
Bucharest
ROMANIA


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Telephone:
+40 (0) 31 421 29 89
Facsimile:  
+40 (0) 31 421 29 89
Mobile:
+40 0723.575.242
E-mail:
albei@albei.eu




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"The law provides for the future, the judge for the past"
    We help you in the present ... for a better future and an untroubled past !