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20 October 2011
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The Romanian leu has appreciated sharply in recent days and is currently testing key resistance at RON4.2000/EUR. On a purely technical basis, a decisive breach of this level would set up further gains towards the stronger end of its RON4.1200-4.3500/EUR trading band.
We believe that appreciatory pressures have been building recently as a result of the looming presidential run-off election on December 6, which will lead to the formation of a new government and an end to a political crisis that has been in play since the beginning of October.
We like to give some tips for those that cannot afford professional assistance.
Your business plan is very often the first impression potential investors get about your venture. But even if you have a great product, team, and customers, it could also be the last impression the investor gets if you make any of these avoidable mistakes.
Investors see thousands of business plans each year, even in this down market.
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It is my belief that we can help each other in times of crisis. The real crisis started after summer and in my opinion it will last until the end of 2010. Even 2011 will be a hard year of recovery.