The lack of
\ntransport infrastructure is a major drawback when it comes to Romania’s
\neconomic development. It’s something that both domestic and foreign investors
\ncomplain about and it has been confirmed by a survey conducted by the American
\nChamber of Commerce in Romania. The research covered a sample of 120 companies
\nout of the total 430 that are members of
\nAmCham Romania. Two thirds of the respondents say that the lack of
\npublic investment programmes and policies is another weak point, while 60% are
\nconcerned about macroeconomic stability. <\/p>\n
<\/p>\n
In terms of performance, the year 2018
\nwas good and very good for most companies operating in Romania. Most of them
\nsay their incomes have increased. The most appreciated market conditions that
\nhave helped achieve this performance are the quality of digital infrastructure,
\nthe human resources and the taxation level. As regards 2019, the outlook is optimistic
\nand the upward trend in terms of revenues and number of employees has been maintained.
\nStill, the survey has also revealed that caution will be the key word with
\nregard to investment plans. Most organizations estimate investments worth up to
\none billion Euros this year, as decisions on this matter are very much
\ninfluenced by political stability, investment in infrastructure and the
\nperformance of the public administration. <\/p>\n
<\/p>\n
According to the survey, the main
\nthree measures that are seen as necessary to significantly improve the
\ninvestment framework are a revision of
\npublic spending and channeling such spending towards investment, increasing the
\nrate of absorption of European funds and investments in infrastructure.
\nCompanies say that Romania’s advantages are its growth potential, its EU
\nmembership and the quality of the human capital. 68% of the companies covered
\nby the survey have an annual turnover of over 5 million dollars. <\/p>\n
<\/p>\n
For 25 years
\nnow, AmCham Romania has been one of the most representative business
\nassociations in the country, known as a promoter of public-private dialogue on
\nbusiness, public policies that impact the economy, Romania’s competitiveness
\nand the dynamics of the trade relations between the US and Romania. In
\nWashington, Adrian Zuckerman, nominated by president Donald Trump for the
\noffice of US Ambassador to Romania, testified before the Senate: Romania
\nneeds to continue to fight against corruption, create a more investment
\nfriendly business climate, and invest in infrastructure, health and education
\nand strength in public administration. Zuckerman also stated that
\ninvestors are interested in a climate that allows their businesses to help
\nincrease Romania’s sustainable economic growth, to create new jobs, to make
\nprofit and to enlarge their companies. <\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
The business environments looks fine in 2019, but there are still factors that might hamper the country’s development<\/p>\n","protected":false},"author":110,"featured_media":82298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[],"coauthors":[],"class_list":["post-82297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news"],"acf":[],"yoast_head":"\n