The visit of IFG's Secretary General in Romania heats up the national debate about the market potential of factoring.

The value of the Romanian factoring market was 1.8 billion EUR last year, up by 63.64% against 2007, so that the penetration degree of these services in Romania is only 0.52%, as compared to the EU average of 7-7.5%, according to data from the International Factors Group.
"Romania is on the seventh position in a ranking of the highest growth markets in 2008.

But the penetration rate in Romania is far below the EU rate of 7-7,5% and the global rate of 3.45%. "If we take into account only this difference between the rates of penetration, we can say that the potential of this market in Romania is a seven-fold growth, to get nearer to the world average and 15-fold to reach the EU average," the Secretary General of the International Factors Group, Erik Timmermans, said on Tuesday, at the seminar on "Sustainable Financing Solutions in times of crisis. "How do you finance your business by factoring? ", organized by the "Ziarul Financiar".

The penetration level is the ratio between the turnover of factoring companies and GDP.
According to the representative of the International Factors Group, market development also depends on the people who know this area, but also on the existence of specialized structures.
According to data from the association, 1600 companies operate at global level, and market value was 1.224 billion euros in 2008, of which Great Britain and Ireland contributed with 18.94%, France with 10.99% and Italy with 9.99%.