Key Findings:
Over half of Romanian companies perceive a deterioration in the national economic situation in the last six months.
The main problems faced by companies are high costs, competitive pressure, and tax/regulatory issues.
Access to financing is the least important problem for companies.
Companies prefer internal resources and credit from suppliers for financing.
There is a low use of bank loans and EU funds.
The construction sector is the most optimistic, while the services and utilities sector is the least optimistic.
Labor shortages are a major problem, especially in construction and real estate.
Insolvency is most prevalent in the services and utilities sector and the retail sector.
Target Audience:
Romanian businesses
Policymakers
Economists
Products/Services:
Not directly applicable (survey results)
Description of Products/Services:
The BNR survey is a semiannual survey that assesses the economic situation and the main problems faced by Romanian companies.
The survey is conducted among a representative sample of over 11,000 companies across various sectors and regions.
Conclusions:
The Romanian business environment is facing several challenges, including high costs, competitive pressure, and tax/regulatory issues.
Companies are relying more on internal resources and credit from suppliers for financing, while there is a low use of bank loans and EU funds.
Labor shortages are a major problem, especially in certain sectors such as construction and real estate.
Insolvency is a concern, particularly in the services and utilities sector and the retail sector.
Implications for Brands:
Businesses should be aware of the challenges faced by Romanian companies when operating in the country.
Brands can tailor their products and services to meet the specific needs of Romanian businesses.
Brands can partner with Romanian companies to expand their reach in the market.
Implications for Society:
The challenges faced by Romanian companies could hinder economic growth and job creation.
Addressing the concerns of businesses could help to improve the overall business environment in Romania.
Labor shortages and insolvency could have a negative impact on the Romanian economy.
Additional Notes:
The survey was conducted in March-April 2024.
The sample includes companies of all sizes from various sectors and regions.
The results of the survey are used by the BNR to inform its monetary policy decisions.
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