Foreign investor confidence worsens in Romania, survey
The foreign investors' council in Romania (FIC) said that investor confidence has worsened due to the negative impact of the coronavirus pandemic on business. The latest results of the FIC Business Sentiment Index (BSI) bring significant changes compared with the last iteration from March, capturing the impact on Romania's business environment due to the coronavirus crisis, FIC said in a statement, as cited by news portal SeeNews.
According to the BSI from September, 68.2% of the respondents expect a moderate decrease in business and 13.6% see a rather significant decrease. More than a third of respondents - 38.7% - believe the Romanian business environment has worsened recently and half of the responses describe the Romanian market's attractiveness low compared to peer locations in the Central Eastern European (CEE) region.
The investment plans of foreign companies were considerably affected by the current crisis, as 38.6% of respondents expect a decrease of their capital investments for the next 12 months and 40.9% expect a decrease in their plans for employment for the next 12 months.
A total of 44 of FIC's 120 members responded in the survey. The FIC brings together over 130 multinational companies, covering a wide variety of goods and services.
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