EY survey: Romanian companies, more optimistic than the foreign ones on business growth in 2015

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Romanian-owned companies are more optimistic about the increase in turnover, investments, wages and number of employees in 2015, compared with foreign companies operating in Romania, “A vision for growth” EY Romania survey shows.

Thus, 55 percent of the domestic companies foresee a significant growth between 10 percent, compared with only 39 percent of foreign companies. However, almost half of foreign companies are planning a moderate increase between + 1 percent and + 10 percent, compared to only 37 percent of Romanian companies.

No Romanian company included in the survey did not forecasted decreases in turnover higher than 5 percent, compared to 6 percent of foreign companies are expected to decline between -5 percent and -20 percent.

The most optimistic local companies are operating in manufacturing industry, as compared, the optimistic foreign companies are operating in services. Romanian companies pay great importance to innovation, for success achieving – 70 percent of domestic companies believe that innovation is very relevant in this respect, compared with 50 percent of foreign companies.

The study “A new vision for growth” is based on the responses of 202 top executives and analyzes their perception about the prospects of the business environment in Romania in 2015, of which 53 percent came from Romanian companies and 47 percent of foreign companies.

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