The economy is growing, investor confidence is deteriorating, says FIC

The Foreign Investors Council (FIC) publishes twice a year the results of the Business sentiment index survey conducted among its members.

2017-10-25 14:38:30

The results of the September 2017 survey tell that more than 60 per cent of respondents expect their revenues and business to grow in the next year, which is not surprising considering the economic growth recorded this year and the prognoses for next year.

At the same time, the sentiment of FIC members regarding the business environment in Romania, especially on the predictability of the legislative framework, and the stability of fiscal and regulatory frameworks is deteriorating considerably.

FIC member companies represent a significant share of foreign direct investment in Romania. They have more than 180,000 employees and a total turnover that is approximately 25 per cent of GDP.

- 90 per cent of respondents, a significant increase from only 25% in 2015, say the constant changing legislation is affecting their business planning;
- 65 per cent report that the fiscal burden has increased, up from 35% in 2015;
- 75 per cent report that the business environment in Romania has worsened recently and that current developments have lowered their trust.

On another topic, the number of FIC members reporting that infrastructure, bureaucracy or availability of workforce are an increasing problem has been constantly growing in the past two years.