“M&A market in Romania was valued at roughly €1.2bn in the first eight months and in the best case scenario it will increase to €2bn for the remainder of the year”, according to Ioana Filipescu, managing director at Raiffeisen Investment Romania.

She added that it was very likely the market to remain in the negative territory in 2010, as it may need “3-4 quarters to pick up”.

Top ten most active financial and legal advisers in M&A