7 out of 10 Romanians consider the multinationals’ presence essential for the economic development, study reveals

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7 out of 10 Romanians consider that the presence of multinational companies in Romania is important and it translates into new jobs, according to 76 percent of respondents and in technology and know-how transfer – 71 percent, according to a study carried out recently by Novel Research for Provident Financial Romania.

Moreover, multinationals contribute to improving living standards in local communities, 67 percent of respondents say, and make a capital injection into the economy, by contributing to the state budget and investing in Romania (64 percent), thus having a significant contribution to the local economy development.

The same study shows that almost 28 percent of respondents associate the private sector with exploitation, thinking mainly of low wages and high labor, but do not put all the negative burden on companies, but rather on the social context. Thus, 7 percent believe the private companies are victims of the current system, as they sometimes do not get state support.

The main concerns of the private sector should be job creation, better working conditions, professional HR development, better wages and innovation of products and services. At the same time, the public sector should be more concern about Romania’s future, infrastructure development, environmental protection and social equity. 

54 percent of respondents believe that the harmonious development of the Romanian economy and society should be a common concern of the public and private sector. Almost 15 percent believe that this should be the sole responsibility of companies and 11 percent put the responsibility of Romania’s development on behalf of the government, while 20 percent consider that the two sectors have different concerns and responsibilities.

Novel Research survey also reads that 46 percent of Romanians consider that the business environment represents the engine of Romania’s economic development through new jobs, the salaries offered to employees and the taxes paid to the state budget. 

The study was conducted in October 2017 on a representative sample of 1,002 respondents in Romania.

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