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March 7, 2021

Three quarters of Austrian companies active on Romanian market would invest again

The Austrian companies are generally satisfied with their investments in Romania, despite the bureaucracy and the corruption, the low training of personnel and the deficient infrastructure, a study authored by Vienna-based Horvath & Partners consultancy company points out, Agerpres informs. Over three quarters of the Austrian companies that have a branch in Romania would invest the same sums all over again, the 2009 Barometer for Romania reveals. The Barometer interviewed 58 managers of Austrian companies.

In the next three years the Austrian investors expect a lower economic growth and an intensified competition in Romania. That is why, in order to successfully withstand the economic crisis, the Austrian companies intend to resort to several measures intended to boost client loyalty, to expanding the distribution channels and to improving the production quality. According to the interviewed managers the Romanian companies are generally optimistic business partners. Nevertheless, they have pointed out some problems generated by a patriarchal managerial culture, by the poor feeling of responsibility, by the imprecise manner of work and by the lack of punctuality. Likewise, the Austrian investors are also complaining about the high level of bureaucracy. As in previous studies, the extended corruption is underlined as a serious problem.

The low level of employee qualification and the reduced judicial security are shortcomings pointed out by the Austrian managers.

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