Foreign firms in Romania have different business forecasts

International companies operating in Romania anticipate that their economic activity will accelerate in the second quarter of this year, but also project a reduction in the number of their employees and see their financial positions worsening, according to the barometer that was drawn up by KPMG Romania consulting firm. Most companies participating in this poll, that is 56 percent of the total number, estimated that they would witness an improvement in their economic activity.
On the other hand, 53 percent of respondents projected a deterioration of their financial situation for the second quarter of this year. The percentage of those companies predicting a better financial position rose by 2 percent, to 44 percent.
As regards the volume of investments, the number of companies anticipating a slump went up from 56 percent to 62 percent, given that only 29 percent of the total firms anticipate the level of invested sums to go up.
Moreover, 64 percent of the total companies polled, 15 percent more as compared to the first quarter, stated they would resort to layoffs.
The study is conducted by KPMG every three months among a number of 80 international companies that are present on the Romanian market.