During the survey, AmCham interviewed a total 250 executive managers working in Romania.
Thus, answers collected by AmCham revealed that 57.9% of companies intend to boost investment in Romania by more than 50% within the next five years. However, 38.4% of companies will maintain investment at current levels.
Regarding employee numbers, 64% of respondents want to boost staff by more than 50%, while the rest said they want to maintain staff at current levels.
Decisive factors for investment include local demand for the products and services offered by the company, the quality of the business environment and changes in competition on the market.
When asked about the evolution of business in Romania, some 62% of companies said their performance was in compliance with expectations, 17.2% said it was below expectations, and some 20% said it was above expectations.
Romania’s most important competitive edge is the skill of the workforce, the size of the market, the flat tax, the strategic position, the increasing potential, the IT segment and agriculture, as well as a pleasant environment.
Barriers for investors include the legislative frame, infrastructure, legislative instability, unpredictability and corruption. In this context, the government needs to increase decision transparency, upgrade the tax collection system, decrease corruption and improve the public auction system.
AmCham represents 300 members, American and international companies, with investments cumulating a total EUR10 billion.