The economy is growing, investor confidence is deteriorating
The Foreign Investors Council (FIC) publishes twice a year the results of the Business sentiment index survey conducted among its members. FIC member companies represent a significant share of foreign direct investment in Romania. They have more than 180,000 employees and a total turnover that is approximately 25% of GDP.
The results of the September 2017 survey tell that more than 60% of respondents expect their revenues and business to grow in the next year, which is not surprising considering the economic growth recorded this year and the prognoses for next year. At the same time, the sentiment of FIC members regarding the business environment in Romania, especially on the predictability of the legislative framework, and the stability of fiscal and regulatory frameworks is deteriorating considerably.
FIC Members Business Sentiment Index