Romanian economy will improve in the next 12 months, and 19% expect the economic situation to be stable in 2015, according to a survey conducted by the GfK research company in all country where the International Personal Finance (IPF), group it belongs to, is present.
The research was conducted in March-April 2015 on a sample group of 8,040 individuals from a total of 8 countries, 1,034 being from Romania. To compare, in the rest of European countries where IPF is present, only 23% of the respondents expect a positive evolution of their respective economies, on average.
Four out of 10 Romanian participants in the poll say are happy with the current living standard. In addition, 70% of them are confident their personal financial situation an will improve in the next 12 months, the main reason for that being the change of family circumstances (3%), change of job (16%) or the pay rise at the current job (10%).
One in every 5 respondents expects a stable financial situation compared to 2014.
As for the concerns in the upcoming period, the cost of living seems to be the main worry of 47% of the Romanian respondents. 18% are concerned about the loss of their job and 9% are worried about the pressure of medical expenditure on the family budget. The shortage of available income, alongside education expenditure are a concern to just 8% of the clients.
Three in every ten respondents say they manage to save on a regular basis. Over 5% of them save for private pensions, in order to secure a decent living (30%) and reduce the impact of a decreasing monthly income on the living standard after retirement (23%).
Provident Financial Romania is registered with the General Register of the National Bank of Romania and belongs to the British group International Personal Finance (IPF), one of the most important providers of home credit in Europe.