The business environment in Romania is likely to slightly improve over the next five years as compared to the 1996-2000 interval, as British organisation the Economist Intelligence Unit (EIU), an Economist Group division, changed its rating from “very poor” to “poor.”
Romania ranks 55th in the top of countries featuring very good business environments, down from the 54th spot it filled between 1996-2000.
On a scale from one to ten, Romania was awarded 5.24 points for the 2001-2005 interval, as compared to the 4.10 points it managed to gather for the 1996-2000 interval.
According to the analysis pattern conceived by the EIU, business environments deemed as “very good” receive a score exceeding eight points, “good environments” rake between 6.5 and 8 points, environments featuring “moderate” activities receive between 5.5 and 6.4 points, “poor” ones are granted between 5 and 5.4 points, while “very poor” business environments get less than five points.
The resulting scores allow the classification of the 60 largest countries in the world in accordance with the state of their business environment. This pattern is used to generate scores and charts for the past five years and for the next five years, based on prognoses and assessments drawn by the Economist Intelligence Unit regarding the most likely evolutions in the economic and political sphere.
According to the results of this analysis, business environments in all areas will experience improvement over the next five years. The most significant progress in this field will become apparent in Eastern Europe, although this goes to show the enormous growth potential of an area which started off from a very poor position.
On the other hand, North America will post the smallest progress, since it is difficult to improve a business environment already deemed as excellent.
Holland came off as the country with the best business environment for the next five years, due to stability in the political field, investment policy, foreign trade, and the liberal foreign currency regime.