Ready for growth - Romanian CEOs regain confidence

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Key findings for Romania from the 14th Annual Global CEO Survey

As recession fears subside, optimism seems to return amidst the Romanian business community. The results of this year’s edition of the Global CEO Survey for Romania show that local CEOs are moderately confident about the short term growth perspectives of their companies, 43% stating that they are very confident about their company’s prospects for revenue growth in the next 12 months. These results are slightly better than the EU average, where 40% of the CEOs expressed confidence for revenue growth in the future year, yet more cautious than the Global and CEE averages, of 48% and 53% respectively.

However, on the medium and long term, the perspectives for growth in Romania seem highly appealing for the local CEOs, 70% of which state that they are very confident in their company’s prospects for revenue growth in the next three years, a significantly higher level of confidence than that shown by the CEOs from the more mature markets of the EU (47%). Quite remarkably, Romanian CEOs seem to mirror the medium term optimism of top managers from highly dynamic emerging markets such as China, where 72% of CEOs have expressed high confidence in the prospects for revenue growth in the next three years.

Now at its 14th edition, the PwC Global CEO Survey has been setting the agenda of the debates on international economic trends through its launch at the World Economic Forum in Davos. We, at PwC Romania, are very proud that Romanian CEOs have joined this platform and are sharing their opinions in our first country report.