The leasing market is likely to see a 10% increase this year,after having plummeted in the past two years, but UniCreditLeasing, the biggest company in the field, has budgeted a 15%turnover increase on the back of projects in several fieldsstarting with renewable energy, states Antoaneta Curteanu, CEO.
The increase may be hindered by a stipulation in the new FiscalCode enforcement guidelines that says that VAT has to be paidwithin 30 days after a contract is cancelled. "This new rule isseriously hurting the industry as it takes between three to fivemonths until you take back an asset, to say nothing of re-sellingit. The industry may be frozen, but we hope we will find a solutiontogether with the Finance Ministry".
UniCredit Leasing last year sealed new funding deals worth 225meuros, down by over 20% from 2009, accounting for an over 20%market share, more than double the one of the second leadingplayer, BRD Sogelease.
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