A survey carried out by the Council of Foreign Investors (FIC) in Romania among its members shows that companies are reluctant to invest in the period: only 36% of respondents have planned investment increases for the next 12 months, while 43% of companies will maintain investments the same as in the previous year, and 22% will reduce them.
At the same time, 71% of the companies will continue to reduce costs for the next period, the institution said in a press release quoted by Ziarul Financiar.
The main reason why investments are postponed is legislative uncertainty (80%), as well as taxation (70%).
On the upside, most respondents (65%) predict that the revenues from the businesses conducted in Romania will increase this year.
The responding companies are part of different activity sectors defined in a broad sense – production, trade, services, and construction. At the same time, 55% recorded a turnover of over RON 1 billion, and 59% have a total number of employees that exceeds 1,000 people.
The turnover of all FIC member companies represented approximately 22% of the nominal GDP in 2023, meaning almost RON 348 billion.
iulian@romania-insider.com
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