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December 5, 2022

PwC Survey: Main concerns of Romanian general managers- lack of infrastructure, workforce market and fiscal burden

The main concern of Romanian general managers is the lack of infrastructure, the lack of people on the workforce market and the increase in the fiscal burden, Ionut Simion (photo), country managing partner, PwC Romania, told a press conference.

“Compared to Central and Eastern Europe (CEE) and globally, in Romania, the main concern of general managers is related to lack of infrastructure, with 63% of the CEOs being very concerned with the lack of this infrastructure, followed by the fact that there is no more people on the workforce market. Changes in the workforce demographics are significant. Labor migration to EU countries is probably the biggest threat we are facing. Thirdly is the increase in the fiscal burden,” Simion said by quoting a study released on Tuesday.

As to the growth prospects of their own company, says Simion, only 38% of CEOs are optimistic about an average of 42% at global level and 40 at CEE level.

The general managers in Romania are less optimistic than last year in terms of the rise in the number of employees over the next 12 months, compared to their global counterparts, reads CEO Survey 2018, conducted by PwC.

A percentage of 53% of the Romanian CEOs expect to increase the number of employees in their own organizations, compared to 55% in Central and Eastern Europe. Some 99% intend to develop employees’ software skills and digital competences as part of the human resources strategy in the technology era.

The main threats to growth prospects for companies are geopolitical uncertainty, inadequate infrastructure, demographic changes in the workforce, the growing fiscal burden, the future of the Eurozone, crisis response capacity and the availability of staff with key skills.

Unlike their counterparts globally and in Central and Eastern Europe, the CEOs in Romania are more confident about the prospects of growing their own organizations over the next 12 months.

PwC Romania launched on Tuesday the report CEO Survey for Romania and Central and Eastern Europe, which is a document analyzing the views of executives on economic and business developments in 2018.

Participating in the survey were 1,300 general managers in 85 countries, out of whom 68 in Romania and 139 in Central and Eastern Europe.

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