German investors optimistic about investing in Romania

According to a poll conducted by the Deutsch-Rumanische Industrie-und Handelskammer, Romania remains an attractive location for German investors, who share a positive outlook.

The bilateral German chambers of commerce abroad (AHK) in Central and Eastern Europe have polled investors on the economic conditions and opportunities for investment found în each country, as well as on their expectations. The results of the poll showed that German companies continue to trust Romania as a investment destination and share a positive outlook. Among the factors that contributed to this state of facts, the poll organizers include the investors’ trust in the current government. Trust in the current government increased, triggering the hope that reforms will be continued via the necessary measures, a press release by the Romanian- German chamber of commerce informs.

Compared to last year, the assessment of the current economic situation as well as the outlook of the Romanian economy improved. Similarly, according to respondents, the conditions and expectations in what regards their sector also improved.

Romania ranks above other Central and Eastern European (CEE) countries. A share of 30 percent of companies polled believe that the current economic situation is better than last year. For 56 percent of repspondents polled, the situation remains unchanged. Although according to forecasts, Romania’s economic outlook is better than that of other CEE countries, the number of respondents who see better prospects decreased slightly to 49 percent.

În what regards the growth outlook for their own company, the estimates are positive. Half of those polled believe that the situation is good (compared to 54 percent last year, while 61 percent of companies expect their situation to improve this year (compared to 75 percent în 2015). Alhough the values are slightly below 2015 results, Romania ranks above other CEE countries. The poll was conducted between 1 February – 1 March 2016 and saw the participation of 105 companies with German capital, active in Romania, 70 percent of which are part of a holding or a group of companies. Most companies, 85 percent respectively, are headquartered in Germany, 7 percent in Austria and the remaining 10 percent in Romania.