”This level, that we monitor twice a year in the business environment barometer carried out by EY Romania, is currently heading to 60%. Moreover, the percentage of businessmen confident in the market’s growth perspectives multiplied by nearly 2.5-fold in the last two years, reaching 17% of respondents”.
At the same time, respondent companies are more confident in their own growth than in the growth of their sector (77% vs. 60%).
Nevertheless, EY partner stressed the need of prudence, especially when economic growth is based on consumption. Thus, growth through consumption, as an effect of tax cuts and salary increase in the public sector, should be supported to a higher extent by investments and productivity growth.
Under the circumstances, businessmen already plan to boost investments. Only 4% of the companies want to reduce investments in 2016, while 15% will keep them at the previous year’s level and 81% will increase investments.
Ion said that 45% of the respondent companies plan to increase their budget by 5-20%, while 11% will increase their budgets by over 2015.