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May 20, 2022
BUSINESS

Citi: 32 pc of companies polled in Romania plan international expansion within next year



Regionally, approximately 58 per cent of mid-market companies polled plan to expand their businesses internationally within the next year – while over a third of smaller companies surveyed expect to do the same, according to Citi annual mid-market survey in Central and Eastern Europe & the Middle East, a press release informs. “We’re pleased to say that 32 per cent of companies we surveyed in Romania have international expansion plans which they see as a means of growing their businesses,” said Vlad Ponta, Head of Citi Romania Commercial Bank. The most popular places for expansion are within the Middle East, Europe and US. 23 per cent of clients based in Romania, Turkey and Jordan worry about the changing economic environment. Four of the most common challenges for mid-market companies around the region are: achieving sales growth or dealing with a sales decline; expanding internationally; the changing economic environment; managing working capital.

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