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March 29, 2023

15 pc of German firms in Romania remain optimistic

Economic conditions in Romania will improve, 15 per cent of the German investors operating on the local market think, according to a release remitted to our editing office. A questionnaire related to the present conjuncture conducted by the German bilateral chambers of commerce and industry (AHK) in 15 states of Central and Eastern Europe within the ranks of German companies operating on these markets indicates that most German investors in the area are satisfied with the destination they chose, even if some reasons for discontent do exist. The fact that 81 per cent of the companies asked would still choose Romania as the place to invest suggests that, on the whole, their expectations were fulfilled, even if there are plenty of critical spots, including public administration, the tax system, infrastructure and corruption, is stated in the same release. As far as the economic situation in 2009 is concerned, Romania ranked in the middle, before the likes of Hungary, Latvia, Croatia or Serbia. Thus, 56 per cent of firms considered the economic situation poor, 41 per cent satisfactory and only 2 per cent good. Appreciations made regarding 2010 are more optimistic: 15 per cent think that economic conditions will look up, while only 20 per cent think 2010 will be worse.

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