- According to a survey of 421 executives, companies in Romania are optimistic about business prospects in 2016. 41% expect turnover to grow 10-30% and 32% expect 5-10% growth. 28% expect profit growth of 5-10% and 32% over 30%.
- Customer satisfaction, financial results, and market share are seen as most important for success. Customer satisfaction is expected to rise to 83% in 2016.
- Industries with strongest projected turnover growth include pharmaceuticals (17% over 30%), IT (16% over 30%), and construction/real estate (13% over 30%). Food/beverages and IT also have higher expectations for profit growth over 30%.
“A vision for growth” is a survey that explores the perceptions of top executives from major companies operating in Romania regarding the business outlook for 2016. In this edition we also provide comparative data with the similar surveys conducted at the beginning of 2014 and 2015. The results of this survey reflect the responses received to our questionnaire in the period between 26 January and 8 February 2016, from 421 top executives of major companies operating in Romania.
This study, which has reached the third annual edition, analyzes the responses of 270 representatives of companies from various industries in Romania regarding their marketing approach through social networks and the impact this type of marketing currently has upon their performance and business operations. The present study is based on a questionnaire conducted between 3 –20 November 2015. The report analyzes the responses of the 270 respondents from the local business environment. The report used for global comparative data is the “2015 Social Media Marketing Industry Report –How Marketers Are Using Social Media to Grow Their Businesses”.
KPMG Study - Third EFB-KPMG European Family Business Barometer - Dec 2014Tatiana Andreeva
In this third bi-annual European Family Business Barometer, European Family Businesses (EFB) and KPMG once again seek to bring an insight into the confidence levels of family businesses, the challenges affecting their everyday operations and the solutions they seek to ensure their development and sustainable growth. This time the headline message is that while the outlook is positive the pressure on profitability and the war for talent are the key changes.
“A vision for growth” is a survey that explores the perceptions of top executives from major companies operating in Romania regarding the business outlook for 2016. In this edition we also provide comparative data with the similar surveys conducted at the beginning of 2014 and 2015. The results of this survey reflect the responses received to our questionnaire in the period between 26 January and 8 February 2016, from 421 top executives of major companies operating in Romania.
This study, which has reached the third annual edition, analyzes the responses of 270 representatives of companies from various industries in Romania regarding their marketing approach through social networks and the impact this type of marketing currently has upon their performance and business operations. The present study is based on a questionnaire conducted between 3 –20 November 2015. The report analyzes the responses of the 270 respondents from the local business environment. The report used for global comparative data is the “2015 Social Media Marketing Industry Report –How Marketers Are Using Social Media to Grow Their Businesses”.
KPMG Study - Third EFB-KPMG European Family Business Barometer - Dec 2014Tatiana Andreeva
In this third bi-annual European Family Business Barometer, European Family Businesses (EFB) and KPMG once again seek to bring an insight into the confidence levels of family businesses, the challenges affecting their everyday operations and the solutions they seek to ensure their development and sustainable growth. This time the headline message is that while the outlook is positive the pressure on profitability and the war for talent are the key changes.
2018 Business Finance Survey: SMEs - British Business BankIpsos UK
This survey, undertaken by Ipsos MORI for the British Business Bank, follows on from the previous “SME Journey” surveys from 2012 to 2017 to explore SME awareness of different types of external finance and their experience of raising finance.
It feeds into the British Business Bank’s 2018/19 Small Business Finance Markets report to assess how finance markets have changed.
The survey includes new data on the awareness and use of finance by smaller businesses, as well as information on the growth plans of those businesses.
The CMO Survey Report: Highlight and Insights August 2014christinemoorman
The CMO Survey collects and disseminates the opinions of top marketers in order to predict the future of markets, track marketing excellence, and improve the value of marketing in firms and in society.
Export Development Canada's Mid-Year 2018 Trade Confidence IndexStephen Tapp
Twice a year, EDC surveys 1,000 Canadian exporters to provide insights not available in traditional trade statistics, such as: exporters’ expectations for the future; their evolving international operations and strategies; and views on emerging issues.
This presentation provides an overview of the results from our Mid-Year 2018 survey.
19th Annual Global CEO Survey: Key Findings – FinlandPwC Suomi
19th Annual Global CEO Survey - Poimintoja Suomen tuloksista
Toimitusjohtajien luottamus maailmantalouden kasvuun seuraavan vuoden aikana on laskenut kansainvälisesti nyt toista vuotta peräkkäin, ilmenee PwC:n 19. kansainvälisestä toimitusjohtajatutkimuksesta. Suomalaisjohtajien usko oman maan talouden kasvuun on sitäkin heikompi. Suomalaisjohtajien vastauksista paistaa kuitenkin usko siihen, että oman yrityksen tulevaisuudennäkymien suhteen syvimmästä kuopasta ollaan nousemassa.
Davosin talousfoorumissa julkistettuun Global CEO Survey -tutkimukseen osallistui yli 1 400 toimitusjohtajaa 83 maasta. Suomesta tutkimukseen haastateltiin 35 toimitusjohtajaa Suomen suurimmista yrityksistä.
Globaalit tulokset löytyvät osoitteesta www.pwc.com/ceosurvey.
Themen wie die Flüchtlingskrise verpassen der deutschen Regierung einen deutlichen Dämpfer. Erstmals seit vier Jahren sinkt das Vertrauen in Angela Merkel und ihr Kabinett in der Einkommens- und Bildungselite. Das ist eines der zentralen Ergebnisse des Edelman Trust Barometers 2016 – mit mehr als 33.000 Befragten in 28 Ländern die größte repräsentative Erhebung zum Vertrauen in Regierungen, Nichtregierungsinstitutionen (NGO), Unternehmen und Medien.
Das Vertrauen in die Lebensmittelwirtschaft ist im vergangenen Jahr in 19 von 27 untersuchten Ländern gesunken, Deutschland eingeschlossen. Das geht aus dem globalen Edelman Trust Barometer 2015 für die Lebensmittelbranche hervor.
Die Ergebnisse der Vertrauensstudie Edelman Trust Barometer zeigen in 19 der 27 beobachteten Märkte einen Vertrauensverlust in die Lebensmittelwirtschaft, mit den stärksten Einbrüchen in Singapur, Argentinien, Hong Kong, den Niederlanden und Südkorea. Auch in Deutschland ist das Vertrauen gesunken: Nur noch 55 Prozent der Deutschen vertrauen der Lebensmittelwirtschaft, 2014 waren es noch 59 Prozent.
Das Vertrauen der Deutschen in die hiesige Finanzbranche ist auch fast zehn Jahre nach der Finanzkrise noch stark angeschlagen, das zeigen die Ergebnisse des Edelman Trust Barometers 2016.
2014 Edelman Trust Barometer: Canadian FindingsEdelman
The Edelman Trust Barometer is the world’s preeminent study of trust around the world. This deck compiles both global and Canadian findings for 2014.
Learn more at http://www.edelman.ca
2014 Edelman Trust Barometer: Brazil FindingsEdelman
The 2014 Edelman Trust Barometer is the firm’s 14th annual trust and credibility survey produced by research firm Edelman Berland. This edition of the survey sampled 33,000 across 27 countries. Here you will find the results focused on the Brazilian market.
2018 Business Finance Survey: SMEs - British Business BankIpsos UK
This survey, undertaken by Ipsos MORI for the British Business Bank, follows on from the previous “SME Journey” surveys from 2012 to 2017 to explore SME awareness of different types of external finance and their experience of raising finance.
It feeds into the British Business Bank’s 2018/19 Small Business Finance Markets report to assess how finance markets have changed.
The survey includes new data on the awareness and use of finance by smaller businesses, as well as information on the growth plans of those businesses.
The CMO Survey Report: Highlight and Insights August 2014christinemoorman
The CMO Survey collects and disseminates the opinions of top marketers in order to predict the future of markets, track marketing excellence, and improve the value of marketing in firms and in society.
Export Development Canada's Mid-Year 2018 Trade Confidence IndexStephen Tapp
Twice a year, EDC surveys 1,000 Canadian exporters to provide insights not available in traditional trade statistics, such as: exporters’ expectations for the future; their evolving international operations and strategies; and views on emerging issues.
This presentation provides an overview of the results from our Mid-Year 2018 survey.
19th Annual Global CEO Survey: Key Findings – FinlandPwC Suomi
19th Annual Global CEO Survey - Poimintoja Suomen tuloksista
Toimitusjohtajien luottamus maailmantalouden kasvuun seuraavan vuoden aikana on laskenut kansainvälisesti nyt toista vuotta peräkkäin, ilmenee PwC:n 19. kansainvälisestä toimitusjohtajatutkimuksesta. Suomalaisjohtajien usko oman maan talouden kasvuun on sitäkin heikompi. Suomalaisjohtajien vastauksista paistaa kuitenkin usko siihen, että oman yrityksen tulevaisuudennäkymien suhteen syvimmästä kuopasta ollaan nousemassa.
Davosin talousfoorumissa julkistettuun Global CEO Survey -tutkimukseen osallistui yli 1 400 toimitusjohtajaa 83 maasta. Suomesta tutkimukseen haastateltiin 35 toimitusjohtajaa Suomen suurimmista yrityksistä.
Globaalit tulokset löytyvät osoitteesta www.pwc.com/ceosurvey.
Themen wie die Flüchtlingskrise verpassen der deutschen Regierung einen deutlichen Dämpfer. Erstmals seit vier Jahren sinkt das Vertrauen in Angela Merkel und ihr Kabinett in der Einkommens- und Bildungselite. Das ist eines der zentralen Ergebnisse des Edelman Trust Barometers 2016 – mit mehr als 33.000 Befragten in 28 Ländern die größte repräsentative Erhebung zum Vertrauen in Regierungen, Nichtregierungsinstitutionen (NGO), Unternehmen und Medien.
Das Vertrauen in die Lebensmittelwirtschaft ist im vergangenen Jahr in 19 von 27 untersuchten Ländern gesunken, Deutschland eingeschlossen. Das geht aus dem globalen Edelman Trust Barometer 2015 für die Lebensmittelbranche hervor.
Die Ergebnisse der Vertrauensstudie Edelman Trust Barometer zeigen in 19 der 27 beobachteten Märkte einen Vertrauensverlust in die Lebensmittelwirtschaft, mit den stärksten Einbrüchen in Singapur, Argentinien, Hong Kong, den Niederlanden und Südkorea. Auch in Deutschland ist das Vertrauen gesunken: Nur noch 55 Prozent der Deutschen vertrauen der Lebensmittelwirtschaft, 2014 waren es noch 59 Prozent.
Das Vertrauen der Deutschen in die hiesige Finanzbranche ist auch fast zehn Jahre nach der Finanzkrise noch stark angeschlagen, das zeigen die Ergebnisse des Edelman Trust Barometers 2016.
2014 Edelman Trust Barometer: Canadian FindingsEdelman
The Edelman Trust Barometer is the world’s preeminent study of trust around the world. This deck compiles both global and Canadian findings for 2014.
Learn more at http://www.edelman.ca
2014 Edelman Trust Barometer: Brazil FindingsEdelman
The 2014 Edelman Trust Barometer is the firm’s 14th annual trust and credibility survey produced by research firm Edelman Berland. This edition of the survey sampled 33,000 across 27 countries. Here you will find the results focused on the Brazilian market.
“Business and economic outlook” is a survey that explores the perceptions of top executives from major companies operating in Romania regarding the business outlook for 2016. This report is based on an online survey of 421 C-suite level executives from companies in various sectors, who provided a perspective on how the domestic business environment is perceived at the beginning of 2016 in Romania. This is an analysis of the split between the aggregated results for Romanian-owned companies and foreign-owned companies operating in Romania.
This report is based on an online survey of 421 C-suite level executives from companies in various sectors, who provided a perspective on how the domestic business environment is perceived at the beginning of 2016 in Romania. This is an analysis of the split between the aggregated results for Romanian-owned companies and foreign-owned companies operating in Romania.
10th Annual Taiwan Business Climate Study 2020Gordon Stewart
Survey of Taiwan business leaders (Chairs, Presidents, CEO's, MD's and GM's), of current results and forecasts for business growth, investment, and hiring status in Taiwan.
Business indicators tracked for ten years with trend lines.
First published on January 12, 2020
HR Climate Index - More resources for many HR units
After years of stagnation, many HR units can finally enjoy an improvement in their financial situations: An upturn in 2015 sees an end to the recent years’ trends. Around a third of all HR directors expect greater access to financial resources.
Join Fred Kocher, the host of WMUR's "New Hampshire's Business" and President of the New Hampshire High Tech Council as he discusses the outlook for businesses in 2011 with Hampshire First Bank (hampshirefirst.com) executive Jay Dinkel. 111 businesses from 27 classifications answered questions about the state of the local and national economy and other issues impacting business. Learn more! (Webinar originally recorded April 14, 2011).
De ‘Consulting Captains Survey 2016’ is een onderzoek naar de belangrijkste trends en ontwikkelingen in de top van de Nederlandse consultancybranche. Het onderozek is uitgevoerd door Consultancy.nl en de ROA.
Silicon Valley Bank’s annual Startup Outlook survey provides insight into how startups in the UK, US and China are feeling about the year ahead. The 2016 report finds that while startups across the globe are eternally optimistic, they are preparing for a new reality.
Learn more about the Startup Outlook Report and view the US and China reports at www.svb.com/IEO.
Ernst & Young România este onorată să publice şi să prezinte
un subiect de mare interes şi un raport exclusiv privind
companiile performante din România.
Suntem o companie de consultanţă globală integrată, care
se bucură de expertiza unei echipe de profesionişti prezentă
în majoritatea pieţelor importante ale lumii. În ultimele
două decenii am putut observa modul în care globlizarea
a influenţat mediul internaţional de afaceri, determinând
unele modele şi strategii de afaceri să devină neperformante,
în timp ce altele, noi şi inovative, să prospere în cele mai
neaşteptate colţuri ale lumii.
Top 3 Ways to Align Sales and Marketing Teams for Rapid GrowthDemandbase
In this session, Demandbase’s Stephanie Quinn, Sr. Director of Integrated and Digital Marketing, Devin Rosenberg, Director of Sales, and Kevin Rooney, Senior Director of Sales Development will share how sales and marketing shapes their day-to-day and what key areas are needed for true alignment.
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
Come learn how YOU can Animate and Illuminate the World with Generative AI's Explosive Power. Come sit in the driver's seat and learn to harness this great technology.
Most small businesses struggle to see marketing results. In this session, we will eliminate any confusion about what to do next, solving your marketing problems so your business can thrive. You’ll learn how to create a foundational marketing OS (operating system) based on neuroscience and backed by real-world results. You’ll be taught how to develop deep customer connections, and how to have your CRM dynamically segment and sell at any stage in the customer’s journey. By the end of the session, you’ll remove confusion and chaos and replace it with clarity and confidence for long-term marketing success.
Key Takeaways:
• Uncover the power of a foundational marketing system that dynamically communicates with prospects and customers on autopilot.
• Harness neuroscience and Tribal Alignment to transform your communication strategies, turning potential clients into fans and those fans into loyal customers.
• Discover the art of automated segmentation, pinpointing your most lucrative customers and identifying the optimal moments for successful conversions.
• Streamline your business with a content production plan that eliminates guesswork, wasted time, and money.
Core Web Vitals SEO Workshop - improve your performance [pdf]Peter Mead
Core Web Vitals to improve your website performance for better SEO results with CWV.
CWV Topics include:
- Understanding the latest Core Web Vitals including the significance of LCP, INP and CLS + their impact on SEO
- Optimisation techniques from our experts on how to improve your CWV on platforms like WordPress and WP Engine
- The impact of user experience and SEO
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
In this presentation, Danny Leibrandt explains the impact of AI on SEO and what Google has been doing about it. Learn how to take your SEO game to the next level and win over Google with his new strategy anyone can use. Get actionable steps to rank your name, your business, and your clients on Google - the right way.
Key Takeaways:
1. Real content is king
2. Find ways to show EEAT
3. Repurpose across all platforms
Short video marketing has sweeped the nation and is the fastest way to build an online brand on social media in 2024. In this session you will learn:- What is short video marketing- Which platforms work best for your business- Content strategies that are on brand for your business- How to sell organically without paying for ads.
AI-Powered Personalization: Principles, Use Cases, and Its Impact on CROVWO
In today’s era of AI, personalization is more than just a trend—it’s a fundamental strategy that unlocks numerous opportunities.
When done effectively, personalization builds trust, loyalty, and satisfaction among your users—key factors for business success. However, relying solely on AI capabilities isn’t enough. You need to anchor your approach in solid principles, understand your users’ context, and master the art of persuasion.
Join us as Sarjak Patel and Naitry Saggu from 3rd Eye Consulting unveil a transformative framework. This approach seamlessly integrates your unique context, consumer insights, and conversion goals, paving the way for unparalleled success in personalization.
Digital Commerce Lecture for Advanced Digital & Social Media Strategy at UCLA...Valters Lauzums
E-commerce in 2024 is characterized by a dynamic blend of opportunities and significant challenges. Supply chain disruptions and inventory shortages are critical issues, leading to increased shipping delays and rising costs, which impact timely delivery and squeeze profit margins. Efficient logistics management is essential, yet it is often hampered by these external factors. Payment processing, while needing to ensure security and user convenience, grapples with preventing fraud and integrating diverse payment methods, adding another layer of complexity. Furthermore, fulfillment operations require a streamlined approach to handle volume spikes and maintain accuracy in order picking, packing, and shipping, all while meeting customers' heightened expectations for faster delivery times.
Amid these operational challenges, customer data has emerged as an important strategy. By focusing on personalization and enhancing customer experience from historical behavior, businesses can deliver improved website and brand experienced, better product recommendations, optimal promotions, and content to meet individual preferences. Better data analytics can also help in effectively creating marketing campaigns, improving customer retention, and driving product development and inventory management.
Innovative formats such as social commerce and live shopping are beginning to impact the digital commerce landscape, offering new ways to engage with customers and drive sales, and may provide opportunity for brands that have been priced out or seen a downturn with post-pandemic shopping behavior. Social commerce integrates shopping experiences directly into social media platforms, tapping into the massive user bases of these networks to increase reach and engagement. Live shopping, on the other hand, combines entertainment and real-time interaction, providing a dynamic platform for showcasing products and encouraging immediate purchases. These innovations not only enhance customer engagement but also provide valuable data for businesses to refine their strategies and deliver superior shopping experiences.
The e-commerce sector is evolving rapidly, and businesses that effectively manage operational challenges and implement innovative strategies are best positioned for long-term success.
10 Video Ideas Any Business Can Make RIGHT NOW!
You'll never draw a blank again on what kind of video to make for your business. Go beyond the basic categories and truly reimagine a brand new advanced way to brainstorm video content creation. During this masterclass you'll be challenged to think creatively and outside of the box and view your videos through lenses you may have never thought of previously. It's guaranteed that you'll leave with more than 10 video ideas, but I like to under-promise and over-deliver. Don't miss this session.
Key Takeaways:
How to use the Video Matrix
How to use additional "Lenses"
Where to source original video ideas
Digital marketing is the art and science of promoting products or services using digital channels to reach and engage with potential customers. It encompasses a wide range of online tactics and strategies aimed at increasing brand visibility, driving website traffic, generating leads, and ultimately, converting those leads into customers.
https://nidmindia.com/
It's another new era of digital and marketers are faced with making big bets on their digital strategy. If you are looking at modernizing your tech stack to support your digital evolution, there are a few can't miss (often overlooked) areas that should be part of every conversation. We'll cover setting your vision, avoiding siloes, adding a democratized approach to data strategy, localization, creating critical governance requirements and more. Attendees will walk away with actions they can take into initiatives they are running today and consider for the future.
The Secret to Engaging Modern Consumers: Journey Mapping and Personalization
In today's digital landscape, understanding the customer's journey and delivering personalized experiences are paramount. This masterclass delves into the art of consumer journey mapping, a powerful technique that visualizes the entire customer experience across touchpoints. Attendees will learn how to create detailed journey maps, identify pain points, and uncover opportunities for optimization. The presentation also explores personalization strategies that leverage data and technology to tailor content, products, and experiences to individual customers. From real-time personalization to predictive analytics, attendees will gain insights into cutting-edge approaches that drive engagement and loyalty.
Key Takeaways:
Current consumer landscape; Steps to mapping an effective consumer journey; Understanding the value of personalization; Integrating mapping and personalization for success; Brands that are getting It right!; Best Practices; Future Trends
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User JourneysSearch Engine Journal
Digital platforms are constantly multiplying, and with that, user engagement is becoming more intricate and fragmented.
So how do you effectively navigate distributing and tailoring your content across these various touchpoints?
Watch this webinar as we dive into the evolving landscape of content strategy tailored for today's fragmented user journeys. Understanding how to deliver your content to your users is more crucial than ever, and we’ll provide actionable tips for navigating these intricate challenges.
You’ll learn:
- How today’s users engage with content across various channels and devices.
- The latest methodologies for identifying and addressing content gaps to keep your content strategy proactive and relevant.
- What digital shelf space is and how your content strategy needs to pivot.
With Wayne Cichanski, we’ll explore innovative strategies to map out and meet the diverse needs of your audience, ensuring every piece of content resonates and connects, regardless of where or how it is consumed.
How to Run Landing Page Tests On and Off Paid Social PlatformsVWO
Join us for an exclusive webinar featuring Mariate, Alexandra and Nima where we will unveil a comprehensive blueprint for crafting a successful paid media strategy focused on landing page testing.With escalating costs in paid advertising, understanding how to maximize each visitor’s experience is crucial for retention and conversion.
This session will dive into the methodologies for executing and analyzing landing page tests within paid social channels, offering a blend of theoretical knowledge and practical insights.
The Pearmill team will guide you through the nuances of setting up and managing landing page experiments on paid social platforms. You will learn about the critical rules to follow, the structure of effective tests, optimal conversion duration and budget allocation.
The session will also cover data analysis techniques and criteria for graduating landing pages.
In the second part of the webinar, Pearmill will explore the use of A/B testing platforms. Discover common pitfalls to avoid in A/B testing and gain insights into analyzing A/B tests results effectively.
Videos are more engaging, more memorable, and more popular than any other type of content out there. That’s why it’s estimated that 82% of consumer traffic will come from videos by 2025.
And with videos evolving from landscape to portrait and experts promoting shorter clips, one thing remains constant – our brains LOVE videos.
So is there science behind what makes people absolutely irresistible on camera?
The answer: definitely yes.
In this jam-packed session with Stephanie Garcia, you’ll get your hands on a steal-worthy guide that uncovers the art and science to being irresistible on camera. From body language to words that convert, she’ll show you how to captivate on command so that viewers are excited and ready to take action.
Unknown to Unforgettable - The Art and Science to Being Irresistible on Camer...
A vision for growth 2016
1. A vision for growth
Business outlook barometer
Romania 2016
2. Page 2
What is “A vision for growth”?
“A vision for growth” is a survey that explores the perceptions of top executives from major companies operating in
Romania regarding the business outlook for 2016. In this edition we also provide comparative data with the similar
surveys conducted at the beginning of 2014 and 2015.
This EY report is based on an online survey of 421 C-suite level executives from companies in various sectors,
who provided a perspective on how the domestic business environment is perceived at the beginning of 2016.
5 main
findings
1
In 2016 companies seem to measure their success by a combination of customer satisfaction, financial results, and market
share. “Customer satisfaction” goes up from 78% in 2014 and 72% in 2015 to 83% in 2016. “Financial results” have landed
on the plateau of 68% in 2016 after a 28% fall in 2015, from 96% in 2014. Compared with 2014 (63%) and 2015 (55%),
“market share” goes marginally up from 55% to 56%, while “brand awareness” is on the rise from 41% up to 51%.
According to the results of our survey, 41% of respondent companies foresee a significant growth of +10% to +30%
of turnover in 2016, while 32% expect a growth rate of +5% to +10% in 2016. The forecasts regarding the evolution
of the profit in 2016 are optimistic as well, since 28% of the respondents profit growth rates in the interval from +5%
to +10% and 32% expect the profit of their company to grow between +10% to over 30%.
20% of respondents expect no increase in the employees number in 2016. At the same time, 35% of companies
say they expect their staff to increase by +1% to +5% this year. Moreover, 36% of respondents expect the
number of their employees to grow between +5% and over 30%. These percentages lead us to believe that the
projected expansion of businesses in 2016 commensurate with the optimism of the economic growth.
In 2016, most companies (44%) expect salaries to go up between +1% to +5%, followed by 31% of companies which
expect salaries to go up by +5% to +10% and 12% of companies which expect higher increases of +10% to more than
20%. Still 13% of companies expect no changes in the salary level in 2016.
25% of respondents say they have earmarked investment growth rates of +1% to +5% in 2016 compared to 17% in
H2 2015, followed by 45% who say will increase investments by +5% to +20% vs. 42% in H2 2015, and 11% who
foresees their investments going up between 20% and exceeding 30% in 2016, compared with 17% at in second
half of last year.
2
3
4
5
See here the previous edition of the survey from February 2015.
3. A vision for growth
Business outlook barometer
Romania 2016
Our survey reflects the increased focus
companies have on sustainable growth in a
business environment which, in spite of the
prospects for a positive economic evolution,
brings both challenges and opportunities.
Bogdan Ion, Managing Partner, EY Romania
4. Page 4
Which is your confidence level in the current economic
direction of the country? (single answer)
Question 1 – Overall responses
At the beginning of 2016, 63% of the respondent companies show confidence in the current economic direction of the country,
with 13% of them being “very confident” and 2% being “extremely confident”. This majority of responses illustrates the
background of positive business outlook for the current year.
Total responses: 421
(Skipped this questions: 0)
See here the previous edition of the survey from February 2015.
5%
32%
48%
13%
2%
0% 10% 20% 30% 40% 50% 60%
Not at all confident
Somehow confident
Confident
Very confident
Extremely confident
5. Page 5
Please indicate the main three elements that you think will
define success in your industry? (only three answers)
Question 2 – A 3-year perspective
In 2016 companies seem to measure their success by a combination of customer satisfaction, financial results, and market share.
“Customer satisfaction” goes up from 78% in 2014 and 72% in 2015 to 83% in 2016. “Financial results” have landed on the plateau of
68% in 2016 after a 28% fall in 2015, from 96% in 2014. Compared with 2014 (63%) and 2015 (55%), “market share” goes marginally
up from 55% to 56%, while “brand awareness” is on the rise from 41% up to 51%.
See here the previous edition of the survey from February 2015.
78%
96%
63%
39%
7% 7% 9%
72%
68%
55%
41%
15%
7% 6% 4%
83%
68%
56%
51%
26%
13%
4% 1%
0%
20%
40%
60%
80%
100%
120%
Customer
satisfaction
Financial
results
Market share Brand
awareness
Number of
years on the
market
Number of
employees
Going public
(IPO)
Other
2014 2015 2016
6. Page 6
How much you expect your turnover to grow in 2016?
(single answer)
Question 3 – Overall responses
The outlook for turnover growth is somehow in line with the positive economic growth for 2016. According to the results of our
survey, 41% of respondent companies foresee a significant growth of +10% to +30% of turnover in 2016, while 32% expect a
growth rate of +5% to +10% in 2016.
Total responses: 411
(Skipped this questions: 10)
See here the previous edition of the survey from February 2015.
2%
3%
2%
20%
32%
23%
12%
6%
0% 5% 10% 15% 20% 25% 30% 35%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
7. Page 7
How much you expect your turnover to grow in 2016?
(single answer)
Question 3 – By industry sector
According to responses received to fist half-year edition of the survey for 2016, the following are the top 3 industries that
foresee turnover growth rates exceeding 30%: pharmaceuticals industry (17%), IT (16%), and construction/real estate (13%).
See here the previous edition of the survey from February 2015.
Industry sector
Less
than
-30%
-20%
to
-30%
-10%
to
-20%
-5%
to
-10%
-1%
to
-5%
0%
+1%
to
+5%
+5%
to
+10%
+10%
to
+20%
+20%
to
+30%
Over
30%
Industry / Manufacturing 5% 2% 5% 24% 26% 27% 9% 2%
Retail & Wholesale Trade 2% 20% 46% 12% 14% 6%
Services 3% 3% 3% 10% 50% 13% 18%
Information Technology (IT) 3% 13% 22% 30% 16% 16%
Food & Beverages / Agriculture 21% 31% 21% 21% 6%
Construction / Real Estate 6% 9% 13% 22% 31% 6% 13%
Power & Energy 10% 14% 19% 29% 10% 14% 4%
Transportation 5% 26% 48% 16% 5%
Pharmaceuticals / Healthcare 16% 25% 17% 25% 17%
Telecom 9% 9% 9% 18% 37% 18%
8. Page 8
How much you expect your turnover to grow in 2016?
(single answer)
Question 3 – By industry sector
These are the industry sectors which received the largest number of answers per industry. Therefore, we show the distribution
of the answers by these six industries for the questions which regard the expected evolution of turnover, profit, investments,
number of employees, salary level for 2016.
See here the previous edition of the survey from February 2015.
5%
2%
5%
24%
26%
27%
9%
2%
0% 10% 20% 30%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Industry / Manufacturing
2%
20%
46%
12%
14%
6%
0% 20% 40% 60%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Retail & Wholesale Trade
3%
3%
3%
10%
50%
13%
18%
0% 20% 40% 60%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Services
3%
13%
22%
30%
16%
16%
0% 10% 20% 30% 40%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Information Technology
21%
31%
21%
21%
6%
0% 20% 40%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding…
Food & Beverages / Agriculture
6%
9%
13%
22%
0%
13%
0% 10% 20% 30%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Construction / Real Estate
Not shown intervals received zero answers.
9. Page 9
How much you expect your turnover to grow in 2016?
(single answer)
Question 3 – By revenues
As shown in this chart, the large companies (those with revenue levels between 50 and 100 M EUR+) are more pessimistic
regarding the evolution of their turnover in 2016. Also interesting are the results shown for SME’s with revenue levels of under
50M EUR which appear to have optimistic prospects for turnover growth in 2016.
Total responses: 411
(Skipped this questions: 0)
See here the previous edition of the survey from February 2015.
33%
20%
11%
11%
15%
10%
12%
8%
34%
10%
14%
8%
6%
8%
8%
11%
20%
34%
29%
25%
34%
30%
19%
40%
22%
36%
38%
37%
36%
34%
22%
10%
33%
10%
14%
13%
14%
31%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
100 M EUR+
50 - 100 M EUR
10 - 50 M EUR
1 - 10 M EUR
Less than 1 M EUR
Not shown intervals received zero answers.
10. Page 10
How much you expect your turnover to grow? (single answer)
Question 3 – A 3-year perspective
In the last 3 years we note positive developments that trend at all levels, starting with the decrease in the range + 1% to + 5%
from 37% in 2014 to 20% in 2016 and the 5% increase in the number of companies that expect their turnover to grow by + 20%
and over +30% in 2016.
See here the previous edition of the survey from February 2015.
2%
2%
20%
32%
23%
12%
6%
2%
1%
3%
4%
17%
26%
35%
7%
2%
3%
37%
30%
19%
2%
0% 5% 10% 15% 20% 25% 30% 35% 40%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
2014 2015 2016
11. Page 11
How much you expect your profit to grow in 2016?
(single answer)
Question 4 – Overall responses
The forecasts regarding the evolution of the profit in 2016 are optimistic as well, since 28% of the respondents expect profit
growth rates in the interval from +5% to +10% and 32% expect the profit of their company to grow between +10% to over 30%.
Total responses: 411
(Skipped this questions: 10)
See here the previous edition of the survey from February 2015.
2%
2%
7%
29%
28%
18%
10%
4%
0% 5% 10% 15% 20% 25% 30% 35%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
12. Page 12
How much you expect your profit to grow in 2016?
(single answer)
Question 4 – By industry sector
In 2016, 12% of respondents from food & beverages/agriculture industry, followed by 11% of respondents from IT industry
foresee a significant increase of over 30% for their company’s profit, in contrast with 19% of the respondents from the power &
energy industry expect a profit decrease of -5% to -10%.
See here the previous edition of the survey from February 2015.
Industry sector
Less
than
-30%
-20%
to
-30%
-10%
to
-20%
-5%
to
-10%
-1%
to
-5%
0%
+1%
to
+5%
+5%
to
+10%
+10%
to
+20%
+20%
to
+30%
Over
30%
Industry / Manufacturing 1% 1% 9% 30% 31% 16% 7% 5%
Retail & Wholesale Trade 2% 40% 24% 24% 10%
Services 2% 11% 24% 24% 24% 10% 5%
Information Technology (IT) 5% 19% 27% 25% 13% 11%
Food & Beverages / Agriculture 3% 18% 46% 12% 9% 12%
Construction / Real Estate 6% 10% 28% 31% 19% 6%
Power & Energy 19% 5% 29% 14% 14% 5% 9% 5%
Transportation 5% 37% 37% 21%
Pharmaceuticals / Healthcare 42% 8% 33% 17%
Telecom 18% 28% 9% 27% 18%
13. Page 13
How much you expect your profit to grow in 2016?
(single answer)
These are the industry sectors which received the largest number of answers per industry. Therefore, we show the distribution
of answers by these six industries for the questions which regard expected evolution of turnover, profit, investments, number of
employees, salary level for 2016.
Question 4 – By industry sector
See here the previous edition of the survey from February 2015.
1%
1%
9%
30%
31%
16%
7%
5%
0% 20% 40% 60%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Industry / Manufacturing
2%
40%
24%
24%
10%
0% 20% 40% 60%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Retail & Wholesale Trade
2%
11%
24%
24%
24%
10%
5%
0% 20% 40% 60%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Services
5%
19%
27%
25%
13%
11%
0% 20% 40% 60%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Information Technology
3%
18%
46%
12%
9%
12%
0% 20% 40% 60%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Food & Beverages / Agriculture
6%
10%
28%
31%
19%
6%
0% 20% 40% 60%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Construction / Real Estate
Not shown intervals received zero answers.
14. Page 14
How much you expect your profit to grow in 2016?
(single answer)
Question 4 – By revenues
Companies with revenue level of 10-50 M EUR are more optimistic regarding the envisaged profit growth rate for 2016. On the
reserved side are the large companies with revenue levels of 100 M EUR+, which have a large percentage distribution across
the negative level of -5% to -10% interval of the scale.
Total responses: 411
(Skipped this questions: 10)
See here the previous edition of the survey from February 2015.
50%
13%
12%
12%
14%
13%
6%
17%
13%
3%
11%
11%
5%
13%
17%
38%
30%
30%
29%
27%
21%
28%
37%
33%
37%
36%
38%
33%
39%
16%
12%
21%
10%
12%
16%
20%
27%
0% 20% 40% 60% 80% 100%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
100 M EUR+
50 - 100 M EUR
10 - 50 M EUR
1 - 10 M EUR
Less than 1 M EUR
Not shown intervals received zero answers.
15. Page 15
How much you expect your profit to grow? (single answer)
Question 4 – A 3-year perspective
In the past 3 years, companies have reduced their expectations of profit levels exceeding 30%, from 7% in 2014, to 4% in 2016. Still,
the following interval of positive profit growth rates (+20% to +30%) has seen a small increase in 3 years and there were slight
negative fluctuation of the percentages in the interval +10% to +20% and +1% to +5%. Also noteworthy is the constant lowering of
percentages of the number of companies expecting 0% profit growth rate.
See here the previous edition of the survey from February 2015.
2%
2%
7%
29%
28%
18%
10%
4%
1%
3%
1%
8%
28%
25%
20%
5%
9%
2%
6%
10%
30%
21%
19%
7%
7%
0% 5% 10% 15% 20% 25% 30% 35%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
2014 2015 2016
16. Page 16
20% of respondents expect no increase in the employees number in 2016. At the same time, 35% of companies say they expect their
staff to increase by +1% to +5% this year. Moreover, 36% of respondents expect the number of their employees to grow between +5%
and over 30%. These percentages lead us to believe that the projected expansion of businesses in 2016 commensurate with the
optimism of the economic growth.
How much you expect your number of employees
to grow in 2016? (single answer)
Question 5 – Overall responses
Total responses: 411
(Skipped this questions: 10)
See here the previous edition of the survey from February 2015.
1%
2%
6%
20%
35%
19%
10%
4%
3%
0% 5% 10% 15% 20% 25% 30% 35% 40%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
17. Page 17
Question 5 – By industry sector
Telecom (45%) and IT (32%) are the ones expecting major increases, between +10% and over 30%, in the number of
employees in 2016. However, all the industries foresee an increase in the number of employees of +1% to +10%, this being the
bracket where services, construction/real estate and transportation sectors show the highest percentages.
How much you expect your number of employees
to grow in 2016? (single answer)
See here the previous edition of the survey from February 2015.
Industry sector
Less
than
-30%
-20%
to
-30%
-10%
to
-20%
-5%
to
-10%
-1%
to
-5%
0%
+1%
to
+5%
+5%
to
+10%
+10%
to
+20%
+20%
to
+30%
Over
30%
Industry / Manufacturing 2% 7% 18% 35% 22% 13% 2% 1%
Retail & Wholesale Trade 6% 28% 42% 14% 4% 4% 2%
Services 3% 5% 5% 40% 26% 11% 5% 5%
Information Technology (IT) 3% 19% 27% 19% 21% 8% 3%
Food & Beverages / Agriculture 3% 6% 15% 18% 21% 24% 3% 3% 7%
Construction / Real Estate 3% 25% 38% 28% 6%
Power & Energy 14% 9% 9% 29% 19% 5% 5% 5% 5%
Transportation 10% 11% 53% 5% 11% 5% 5%
Pharmaceuticals / Healthcare 8% 33% 34% 17% 8%
Telecom 28% 18% 9% 27% 18%
18. Page 18
These are the industry sectors which received the largest number of answers per industry. Therefore, we show the distribution
of answers by these six industries for the questions which regard expected evolution of turnover, profit, investments, number of
employees, salary level for 2016.
How much you expect your number of employees
to grow in 2016? (single answer)
Question 5 – By industry sector
See here the previous edition of the survey from February 2015.
2%
7%
18%
35%
22%
13%
2%
1%
0% 20% 40% 60%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Industry / Manufacturing
6%
28%
42%
14%
4%
4%
2%
0% 20% 40% 60%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Retail & Wholesale Trade
3%
5%
5%
40%
26%
11%
5%
5%
0% 20% 40% 60%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Services
3%
19%
27%
19%
21%
8%
3%
0% 20% 40% 60%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Information Technology
3%
6%
15%
18%
21%
24%
3%
3%
7%
0% 20% 40% 60%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Food & Beverages / Agriculture
3%
25%
38%
28%
6%
0% 20% 40% 60%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Construction / Real Estate
Not shown intervals received zero answers.
19. Page 19
Quite interestingly, the companies which have revenue levels between 50-100 M EUR show very conservative prospects
regarding staff growth in 2016 or even expect important decreases in their number of employees. The companies with the most
positive prospects regarding the number of employees increases are those with revenue levels between 1-10 M EUR.
How much you expect your number of employees
to grow in 2016? (single answer)
Question 5 – By revenues
Total responses: 411
(Skipped this questions: 10)
See here the previous edition of the survey from February 2015.
67%
25%
32%
12%
8%
13%
12%
13%
8%
50%
16%
12%
6%
4%
10%
12%
16%
33%
13%
28%
23%
31%
31%
27%
31%
15%
12%
16%
40%
38%
40%
34%
31%
38%
8%
13%
17%
12%
17%
13%
23%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
100 M EUR+
50 - 100 M EUR
10 - 50 M EUR
1 - 10 M EUR
Less than 1 M EUR
Not shown intervals received zero answers.
20. Page 20
The 3-year perspective on companies’ expectations regarding the evolution of their number of employees show a steep
decrease of percentages for 0% staff number growth, from 37% in 2014 to 20% in 2015 and 2016. The corresponding increase
is seen in the interval +1% to +5% (30% in 2014, 35% in 2016) and in the interval +5% to +10% (5% in 2014, 19% in 2016).
How much you expect your number of employees
to grow? (single answer)
Question 5 – A 3-year perspective
See here the previous edition of the survey from February 2015.
1%
2%
6%
20%
35%
19%
10%
3%
2%
3%
5%
36%
14%
14%
4%
5%
9%
37%
30%
5%
9%
5%
0% 5% 10% 15% 20% 25% 30% 35% 40%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
2014 2015 2016
21. Page 21
How much you expect your investments to grow in 2016?
(single answer)
Question 6 – Overall responses
25% of respondents say they have earmarked investment growth rates of +1% to +5% in 2016 compared to 17% in H2 2015,
followed by 45% who say will increase investments by +5% to +20% vs. 42% in H2 2015, and 11% who foresees their
investments going up between 20% and exceeding 30% in 2016, compared with 17% at in second half of last year.
Total responses: 411
(Skipped this questions: 10)
See here the previous edition of the survey from February 2015.
1%
1%
1%
1%
15%
25%
24%
21%
6%
5%
0% 5% 10% 15% 20% 25% 30%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
22. Page 22
How much you expect your investments to grow in 2016?
(single answer)
Question 6 – By industry sector
The table shows that there are many industries which have earmarked significant investment growth rates for 2016. Moreover,
there are industries such as pharmaceuticals/healthcare, telecommunications, and IT which say their investments for 2016 will
go up by +20% to over 30%.
See here the previous edition of the survey from February 2015.
Industry sector
Less
than
-30%
-20%
to
-30%
-10%
to
-20%
-5%
to
-10%
-1%
to
-5%
0%
+1%
to
+5%
+5%
to
+10%
+10%
to
+20%
+20%
to
+30%
Over
30%
Industry / Manufacturing 1% 1% 1% 15% 23% 27% 21% 5% 6%
Retail & Wholesale Trade 2% 2% 10% 24% 28% 26% 4% 4%
Services 25% 27% 20% 20% 5% 3%
Information Technology (IT) 8% 22% 22% 30% 8% 10%
Food & Beverages / Agriculture 3% 7% 18% 33% 24% 6% 9%
Construction / Real Estate 3% 16% 34% 22% 12% 10% 3%
Power & Energy 10% 5% 5% 28% 19% 9% 19% 5%
Transportation 11% 44% 22% 17% 6%
Pharmaceuticals / Healthcare 8% 31% 8% 31% 15% 7%
Telecom 10% 10% 40% 20% 20%
23. Page 23
How much you expect your investments to grow in 2016?
(single answer)
Question 6 – By industry sector
These are the industry sectors which received the largest number of answers per industry. Therefore, we show the distribution
of answers by these six industries for the questions which regard expected evolution of turnover, profit, investments, number of
employees, salary level for 2016.
See here the previous edition of the survey from February 2015.
1%
1%
1%
15%
23%
27%
21%
5%
6%
0% 20% 40% 60%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Industry / Manufacturing
2%
2%
10%
24%
28%
26%
4%
4%
0% 20% 40% 60%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Retail & Wholesale Trade
25%
27%
20%
20%
5%
3%
0% 20% 40% 60%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Services
8%
22%
22%
30%
8%
10%
0% 20% 40% 60%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Information Technology
3%
7%
18%
33%
24%
6%
9%
0% 20% 40% 60%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Food & Beverages / Agriculture
3%
16%
34%
22%
12%
10%
3%
0% 20% 40% 60%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
Construction / Real Estate
24. Page 24
How much you expect your investments to grow in 2016?
(single answer)
Question 6 – By revenues
According to the findings of the current edition of the report, respondents from companies with revenue levels of 1-10 M EUR
are quite positive and expect their investments to go up in 2016, followed by companies with revenue levels of 10-50 M EUR.
The most reserved outlook regarding investments is shown by companies with revenue levels of 50-100 M EUR.
Total responses: 411
(Skipped this questions: 10)
See here the previous edition of the survey from February 2015.
33%
67%
33%
10%
11%
12%
16%
9%
13%
20%
33%
7%
14%
5%
11%
4%
4%
40%
32%
32%
25%
28%
26%
26%
40%
33%
34%
36%
33%
38%
37%
52%
26%
34%
33%
15%
10%
20%
8%
9%
31%
0% 20% 40% 60% 80% 100%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
100 M EUR+
50 - 100 M EUR
10 - 50 M EUR
1 - 10 M EUR
Less than 1 M EUR
25. Page 25
How much you expect your investments to grow? (single answer)
Question 6 – A 2-year perspective
The chart shows that only 15% of companies expect no increase in investments in 2016 compared to 19% in the previous year.
Also, the most important increase of +8% is seen in the number of companies which expect their investments to grow by +1%
to +5% in 2016, whilst there is a significant decrease in the number of companies which expect investments to grow by +30%.
See here the previous edition of the survey from February 2015.
1%
1%
1%
1%
15%
25%
24%
21%
6%
5%
1%
2%
19%
17%
23%
19%
7%
10%
0% 5% 10% 15% 20% 25% 30%
Exceeding -30%
-20% to -30%
-10% to -20%
-5% to -10%
-1% to -5%
0%
+1% to +5%
+5% to +10%
+10% to +20%
+20% to +30%
Exceeding 30%
2015 2016
26. Page 26
In 2016, most companies (44%) expect salaries to go up between +1% to +5%, followed by 31% of companies which expect
salaries to go up by +5% to +10% and 12% of companies which expect higher increases of +10% to more than 20%. Still 13%
of companies expect no changes in the salary level in 2016.
How much you expect the salary level in your company
to grow in 2016? (single answer)
Question 7 – Overall responses
Total responses: 411
(Skipped this questions: 10)
See here the previous edition of the survey from February 2015.
13%
44%
31%
10%
2%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%
Exceeding -20%
-10% la -20%
-5% la -10%
-1% la -5%
0%
+1% la +5%
+5% la +10%
+10% la +20%
Exceeding 20%
27. Page 27
Question 7 – By industry sector
No less than 18% of companies in retail & wholesale trade expect major increases in salary level of +10% to +20%. However,
all the industries foresee an increase in the salary level of +1% to +5%, the interval where telecommunications, food &
beverages / agriculture, and retail & wholesale trade industry sectors show the highest percentages.
How much you expect the salary level in your company
to grow in 2016? (single answer)
See here the previous edition of the survey from February 2015.
Industry sector
Less
than
-20%
-10%
to
-20%
-5%
to
-10%
-1%
to
-5%
0%
+1%
to
+5%
+5%
to
+10%
+10%
to
+20%
Over
20%
Industry / Manufacturing 10% 42% 36% 12%
Retail & Wholesale Trade 8% 48% 26% 16% 2%
Services 21% 34% 32% 10% 3%
Information Technology (IT) 11% 41% 35% 11% 2%
Food & Beverages / Agriculture 6% 52% 33% 9%
Construction / Real Estate 19% 44% 31% 6%
Power & Energy 48% 43% 5% 4%
Transportation 5% 37% 48% 5% 5%
Pharmaceuticals / Healthcare 17% 42% 25% 16%
Telecom 9% 64% 18% 9%
28. Page 28
These are the industry sectors which received the largest number of answers per industry. Therefore, we show the distribution
of answers by these six industries for the questions which regard expected evolution of turnover, profit, investments, number of
employees, salary level for 2016.
How much you expect the salary level in your company
to grow in 2016? (single answer)
Question 7 – By industry sector
See here the previous edition of the survey from February 2015.
10%
42%
36%
12%
0% 20% 40% 60%
0%
+1% to +5%
+5% to +10%
+10% to +20%
Exceeding 20%
Industry / Manufacturing
8%
48%
26%
16%
2%
0% 20% 40% 60%
0%
+1% to +5%
+5% to +10%
+10% to +20%
Exceeding 20%
Retail & Wholesale Trade
21%
34%
32%
10%
3%
0% 20% 40% 60%
0%
+1% to +5%
+5% to +10%
+10% to +20%
Exceeding 20%
Services
11%
41%
35%
11%
2%
0% 20% 40% 60%
0%
+1% to +5%
+5% to +10%
+10% to +20%
Exceeding 20%
Information Technology
6%
52%
33%
9%
0% 50% 100%
0%
+1% to +5%
+5% to +10%
+10% to +20%
Exceeding 20%
Food & Beverages / Agriculture
19%
44%
31%
6%
0% 20% 40% 60%
0%
+1% to +5%
+5% to +10%
+10% to +20%
Exceeding 20%
Construction / Real Estate
Not shown intervals received zero answers.
29. Page 29
Depending on the industry sector there are SMEs of 1-10 M EUR that seems to be on the optimistic side with high percentages
of expected salary growth rates, while the other companies are more conservative regarding the salary growth rates in 2016.
How much you expect the salary level in your company
to grow in 2016? (single answer)
Question 7 – By revenues
Total responses: 411
(Skipped this questions: 10)
See here the previous edition of the survey from February 2015.
14%
14%
11%
10%
18%
10%
6%
7%
14%
25%
31%
27%
21%
14%
29%
34%
41%
33%
43%
14%
11%
15%
29%
29%
0% 20% 40% 60% 80% 100%
0%
+1% to +5%
+5% to +10%
+10% to +20%
Exceeding 20%
100 M EUR+
50 - 100 M EUR
10 - 50 M EUR
1 - 10 M EUR
Less than 1 M EUR
Not shown intervals received zero answers.
30. Page 30
Besides the decrease in the number of companies which expected no salary changes, from 19% in 2014 to 13% in 2015, there is a
even more significant decrease in the number of companies expecting only a 1-5% salary growth rate, from 60% in 2014 to 44% in
2016. The corresponding increase is shown in the number of companies earmarking salary increases of +5% to over 20% both in 2015
and 2016.
How much you expect the salary level in your company
to grow? (single answer)
Question 7 – A 3-year perspective
See here the previous edition of the survey from February 2015.
13%
44%
31%
10%
2%
1%
2%
11%
49%
30%
6%
19%
60%
19%
2%
0 0.1 0.2 0.3 0.4 0.5 0.6 0.7
Exceeding -20%
-10% la -20%
-5% la -10%
-1% la -5%
0%
+1% la +5%
+5% la +10%
+10% la +20%
Exceeding 20%
2014 2015 2016
31. Page 31
The level of confidence in industry growth consolidates in 2016, with 42% of “somewhat confident” responses vs 34% in 2015,
and 30% in 2014. The percentage of “very confident” responses increases to 17% in 2016, from 15% in 2015 and 7% in 2014.
At the same time, there is a 5% increase in the “not at all confident” responses, from 7% in 2015 to 12% in 2016.
How confident do you feel regarding the growth of
your industry, for the next 12 months? (single answer)
Question 8 – A 3-year perspective
See here the previous edition of the survey from February 2015.
12%
29%
42%
17%
7%
43%
34%
15%
14%
49%
30%
7%
0% 10% 20% 30% 40% 50% 60%
Not at all confident
Slightly confident
Somewhat confident
Very confident
2014 2015 2016
32. Page 32
In 2016, the top 3 industries “not at all confident” regarding the sector’s growth potential are: power & energy (38%), telecom
(18%), and chemicals (17%), while the top 3 “very confident” industries are: R&D / New technology (50%), IT (36%), and
tourism (27%).
How confident do you feel regarding the growth of
your industry, for the next 12 months? (single answer)
Question 8 – By industry sector
Total Respondents 399
(Skipped this question: 22)
See here the previous edition of the survey from February 2015.
17%
3% 10% 11% 6% 8%
38%
17% 14% 11% 18% 13% 12%
42%
36%
30% 23%
17%
33%
19%
50%
50%
36%
25%
27% 40%
37%
33%
41%
42% 37% 51%
42%
42%
43% 16%
40%
50% 37% 20% 50%
43%
19% 23%
15%
36%
17% 17%
50%
10% 14% 18%
27%
13% 12%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Not at all confident Slightly confident Somewhat confident Very confident
33. Page 33
The number of respondents that are slightly confident in the growth of their company drop to 20% in 2016, from 45% in 2015,
and 23% in 2014. At the same time, the percentage of those “somewhat confident” goes up from 19% in 2015 to 42% currently,
and the percentage of “very confident” responses goes up from 32% in 2015 to 25% currently.
How confident do you feel regarding the growth of
your company for the next 12 months? (single answer)
Question 9 – A 3-year perspective
See here the previous edition of the survey from February 2015.
20%
42%
35%
3%
45%
19%
32%
23%
37%
40%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%
Not at all confident
Slightly confident
Somewhat confident
Very confident
2014 2015 2016
34. Page 34
In 2016, the top 3 industries “not at all confident” regarding the company’s growth potential are: power & energy (14%), tourism
(13%), and telecom (10%), while the top 3 “very confident” industries are: food & beverage / agriculture (57%), chemicals
(50%), publishing & printing (50%) and R&D / New technology (50%).
How confident do you feel regarding the growth of
your company for the next 12 months? (single answer)
Question 9 – By industry sector
Total Respondents 399
(Skipped this question: 22)
See here the previous edition of the survey from February 2015.
8% 3% 4%
14%
4% 10% 13%
8% 16%
10%
21%
14% 8%
33%
17%
33% 20% 28%
20% 13%
24% 21%
34%
52%
33%
39%
53%
50%
34%
33%
17% 41% 39% 30% 40% 41%
61%
50%
29%
57%
36% 33%
42%
19%
50% 50%
35% 33%
40% 34% 35%
18%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Not at all confident Slightly confident Somewhat confident Very confident
35. Page 35
Low cost remains the main strength of the respondents’ competition in the local market despite decreasing from 41% in 2015 to
33% in 2016. Brand awareness (trust) decreases from 37% in 2014, to 29% in 2015 and up to 30% in 2016, and is now on the
second place. A spectacular increase is seen in Partnerships up to 17% in 2016 from only 9% in 2014 and 2015.
Please select the main strength of your competition in the
local market (Romania). (single answer)
Question 10 – A 3-year perspective
See here the previous edition of the survey from February 2015.
26%
37%
9%
14%
7% 7%
41%
29%
9%
13%
5%
3%
33%
30%
17%
14%
6%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Low cost Strong brand
awareness (trust)
Partnerships Distribution
channels
R&D Other
2014 2015 2016
36. Page 36
Low cost is still seen as a the main strength of the competition across most of the industry sectors, except for strong brand
awareness in pharmaceuticals / healthcare, publishing & printing, services, and tourism industries, as it is partnerships for the
power & energy sector and R&D in case of new technology sector.
Please select the main strength of your competition in the
local market (Romania). (single answer)
Question 10 – By industry sector
Total Respondents 399
(Skipped this question: 22)
See here the previous edition of the survey from February 2015.
3%
37%
13% 17%
25%
5%
17%
28%
6%
18% 20%
6% 6%
33%
52%
20%
31%
33% 17%
33%
33%
42%
28%
37% 27%
44%
36%
8%
26% 20%
17% 3% 25% 38%
17%
8%
17%
27%
20%
28%
12%17%
3%
3%
7% 17%
5%
50%
3%
9%
3%
42%
16% 20%
32% 30% 33%
19%
50%
33%
22%
46%
9%
33%
22%
43%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Distribution channels Low cost Partnerships R&D Strong brand awareness (trust)
37. Page 37
To what extent do you expect your customers' demand
to change in the next 12 months? (single answer)
Question 11 – Overall responses
A remarkable 62% of respondents expect their customers’ demand to “somewhat increase” in 2016 compared to only 3%
which expect it to “increase dramatically”. Just 5% believe customers’ demand will “somewhat decrease”, while 30% expect it
to stay the same.
Total Respondents 399
(Skipped this question: 22)
See here the previous edition of the survey from February 2015.
0%
5%
30%
62%
3%
0% 10% 20% 30% 40% 50% 60% 70%
Decrease dramatically
Somewhat decrease
Stay the same
Somewhat increase
Increase dramatically
38. Page 38
To what extent do you expect your customers' demand
to change in the next 12 months? (single answer)
Question 11 – By industry sector
There is only one industry sector which expect their customers’ demand to decrease dramatically in 2016, namely services
industry sector. The industries that have the highest percentage of respondents who say their customers’ demand will increase
dramatically in 2016 are pharmaceuticals / healthcare and R&D / New technology industries.
Total Respondents 399
(Skipped this question: 22)
See here the previous edition of the survey from February 2015.
3%
3%
4%
3%
17%
5%
17%
2%
3%
64%
58%
61%
67%
60%
75%
42%
57%
17%
67%
60%
58%
64%
80%
67%
21%
42%
39%
27%
33%
17%
41%
33%
50%
16%
32%
28%
27%
20%
33%
12%
3%
3%
5%
5%
33%
6%
8%
9%
3%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Other
Chemicals
Construction / Real Estate
Food & Beverages / Agriculture
Industry / Manufacturing
Information Technology
Pharmaceuticals / Healthcare
Power / Energy / Mining
Publishing & Printing
R&D / New Technology
Retail & Wholesale Trade
Services
Telecommunication / Media
Tourism
Transportation
Increase dramatically Somewhat increase Stay the same Somewhat decrease Decrease dramatically
39. Page 39
In your opinion, which is the most important obstacle entrepreneurs
and managers have to overcome to develop the business? (multiple answers)
Question 12 – Overall responses
According to the respondents to the current edition of the survey, the most important obstacle entrepreneurs and managers
have to overcome to develop the business is bureaucracy (54%) and uncertainty (53%), followed by lack of political stability
and public policy vision (51%), and taxation level (49%).
Total Respondents 399
(Skipped this question: 22)
See here the previous edition of the survey from February 2015.
15%
25%
30%
37%
49%
51%
53%
54%
0% 10% 20% 30% 40% 50% 60%
The state of the local economy
Difficult access to finance
Lack of entrepreneurial education
The state of the national economy
Taxation level
Lack of political stability and public policy vision
Uncertainty
Bureaucracy
40. Page 40
On a scale from 1 to 5, please indicate to what extend the following
changes in legislation will impact your business in 2016?
(1 - lowest impact, 5 - highest impact) (one answer for each option)
Question 13 – By intensity of impact
Respondents say that the following changes in legislation will have the highest impact & high impact in their businesses going
forward: reinvested profit tax exemption (64%), decrease of tax on dividends (58%), and reduction to 20% of VAT (55%).
Total Respondențs: 348
(Skipped this question: 73
See here the previous edition of the survey from February 2015.
17%
17%
20%
52%
42%
19%
25%
17%
19%
25%
18%
20%
23%
26%
32%
27%
25%
14%
18%
23%
34%
17%
25%
23%
10%
14%
23%
11%
17%
12%
7%
6%
6%
12%
4%
0% 20% 40% 60% 80% 100%
Other
Reinvested profit tax exemption
Reduction to 20% of VAT
Change of the tax system for freelancers (PFA/PFI)
Relaxation of taxation regime for micro-companies
Decrease of tax on dividends rate
New developments in the international taxation (BEPS,
FATCA, CRS)
Lowest impact (1) (2) (3) (4) Highest impact (5)
58%
55%
64%
41. Page 41
Please name other legislative changes for your business operation
you expect in 2016?
Question 14 – Overall responses
The number one legislative changes for their business operation that respondents expect in 2015 is the salary tax decrease (33
responses), followed by fewer taxes (28) and an amended Labor legislation (24 responses).
Total Respondențs: 209
(Skipped this question: 212
See here the previous edition of the survey from February 2015.
Legislative changes mentioned
by respondents
No. of
answers
Decrease of salary taxes 33
Fewer taxes 28
Labor legislation 24
Corporate income tax decrease 18
Excises legislation 17
Other 16
Simplified access to EU funds 16
Laws to support SMEs 14
Public acquisition law 11
Less bureaucracy 11
Energy laws 9
Tax exemption for the reinvested profit 9
Insolvency law 3
Top 10 legislative changes (%)
18%
15%
13%
10%
9%
9%
9%
7%
5%
5%
0% 5% 10% 15% 20%
Decrease of salary taxes
Fewer taxes
Labour legislation
Corporate income tax decrease
Excises legislation
Other
Simplified access to EU funds
Laws to support SMEs
Public acquisition law
Less bureaucracy
42. Page 42
On a scale from 1 to 5, please rate the importance of innovation for the
successful performance of your company? (1 - lowest impact, 5 - highest impact)
(single answer)
Question 15 – Overall responses
Innovation is seen as having a very high impact & high impact in the successful performance of the company by 74% of
respondents in 2016. Only of companies see innovation as having a “medium impact”, and even fewer (7%) consider
innovation of “low impact”, while just 1% say innovation is of “no impact” on their business agenda.
Total Respondențs: 348
(Skipped this question: 73)
See here the previous edition of the survey from February 2015.
1%
7%
18%
39%
35%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
No impact
Low impact
Medium impact
High impact
Very high impact
43. Page 43
On a scale from 1 to 5, please rate the importance of innovation for the
successful performance of your company? (1 - lowest impact, 5 - highest impact)
(single answer)
Question 15 – By industry sector
There are very few industry sectors where innovation is seen as having the lowest impact for successful performance. These
are: transportation (7%) and services (6%). The industries where innovation has the highest impact are pharmaceuticals /
healthcare (67%), R&D / New technology (60%), and IT (52%).
Total Respondents: 348
(Skipped this question: 73)
See here the previous edition of the survey from February 2015.
43%
18%
19%
46%
38%
52%
67%
26%
20%
60%
30%
23%
14%
33%
27%
37%
55%
50%
36%
44%
33%
33%
42%
60%
40%
40%
37%
43%
25%
20%
10%
9%
19%
14%
12%
15%
32%
20%
21%
26%
29%
34%
40%
3%
18%
12%
4%
6%
9%
8%
14%
8%
7%
7%
6%
6%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Other
Chemicals
Construction / Real Estate
Food & Beverages / Agriculture
Industry / Manufacturing
Information Technology
Pharmaceuticals / Healthcare
Power / Energy / Mining
Publishing & Printing
R&D / New Technology
Retail & Wholesale Trade
Services
Telecommunication / Media
Tourism
Transportation
Highest impact (5) (4) (3) (2) Lowest impact (1)
44. Page 44
What are the main drivers for innovation in your company?
(multiple answers)
Question 16 – Overall responses
The most important driver for innovation is efficiency (66%), followed by performance (62%), people (51%), the need to beat
competition (48%) and cost (47%). Unfortunately, the lowest percentages are recorded by: environment preservation (13%),
technical uncertainty (10%), and diminishing resources (6%).
Total Respondents: 348
(Skipped this question: 73)
See here the previous edition of the survey from February 2015.
1%
6%
10%
13%
23%
29%
34%
47%
48%
51%
62%
66%
0% 10% 20% 30% 40% 50% 60% 70%
Other
Fewer resources
Technical uncertainty
Environment preservation
Increased production
Market share
Change
Cost
Competition
People
Performance
Efficiency
45. Page 45
What are the main drivers for innovation in your company?
(multiple answers)
Question 16 – By industry sector
The most important driver for innovation in publishing & printing sector is lack of people (36%), in R&D / New technology is
performance (21%), in services sector is also performance (20%), and in retail & wholesale trade is efficiency (19%).
Total Respondents: 348
(Skipped this question: 73)
See here the previous edition of the survey from February 2015.
1%
5%
3%
2%
2%
3%
2%
4%
3%
7%
5%
9%
13%
7%
8%
8%
12%
8%
9%
16%
9%
7%
10%
10%
5%
11%
11%
14%
15%
12%
11%
16%
10%
15%
5%
13%
11%
7%
10%
14%
2%
9%
4%
9%
12%
2%
4%
6%
7%
5%
1%
5%
7%
7%
9%
4%
5%
9%
7%
5%
4%
10%
8%
8%
7%
13%
8%
16%
18%
17%
16%
15%
19%
16%
17%
14%
16%
19%
19%
16%
15%
18%
13%
7%
14%
11%
12%
12%
20%
16%
14%
11%
14%
8%
13%
12%
14%
17%
13%
17%
10%
16%
18%
12%
14%
14%
21%
18%
20%
17%
18%
13%
1%
2%
1%
2%
2%
3%
4%
5%
2%
7%
2%
5%
5%
4%
3%
4%
1%
8%
7%
2%
1%
3%
3%
16%
18%
12%
14%
9%
15%
8%
8%
36%
21%
14%
15%
13%
10%
13%
1%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Other
Chemicals
Construction / Real Estate
Food & Beverages / Agriculture
Industry / Manufacturing
Information Technology
Pharmaceuticals / Healthcare
Power / Energy / Mining
Publishing & Printing
R&D / New Technology
Retail & Wholesale Trade
Services
Telecommunication / Media
Tourism
Transportation
Technical uncertainty Change Cost Increased production
Market share Efficiency Competition Performance
Fewer resources Environment preservation People All of the above
46. Page 46
Which of the following best describe your company's primary strategy
for financing its investments in the past 12 months? (single answer)
Question 17 – Overall responses
In 2015 companies used mainly intercompany loans, own resources, or reinvested profit to finance investments (43%),
followed by bank loans (34%). Compared to 2014, there is a 9% increase in intercompany loans and own resources and a 20%
decrease in bank loans.
Total Respondents: 348
(Skipped this question: 73)
See here the previous edition of the survey from February 2015.
2%
3%
6%
12%
34%
43%
0% 10% 20% 30% 40% 50%
Other
Our company used venture capital
to finance its investments
Our company used share capital
increase to finance its investments
No investments
Our company used bank loans to
finance its investments
Our company used intercompany
loans, own resources, or reinvested
profit to finance its investments
2016
2%
3%
6%
12%
34%
43%
12%
23%
5%
42%
18%
2%
10%
54%
34%
0% 10% 20% 30% 40% 50% 60%
Other
Our company used venture capital
to finance its investments
Our company used share capital
increase to finance its investments
No investments
Our company used bank loans to
finance its investments
Our company used intercompany
loans, own resources, or reinvested
profit to finance its investments
2014 2015 2016
47. Page 47
Which of the following best describe your company's primary strategy
for financing its investments in the past 12 months? (single answer)
Question 17 – By industry sector
In 2015 companies from all industries used mainly intercompany loans, own resources, or reinvested profit to finance investments,
followed by bank loans. Financing by share capital increase appear in the chart only at companies from publishing & printing (20%)
and pharmaceuticals / healthcare (17%). No investments are shown mainly in services (31%) and trade (21%) industry sectors.
Total Respondents: 348
(Skipped this question: 73)
See here the previous edition of the survey from February 2015.
27%
64%
38%
39%
37%
36%
33%
26%
20%
20%
35%
31%
29%
17%
33%
43%
18%
50%
43%
45%
52%
50%
48%
20%
80%
37%
23%
71%
67%
47%
7%
7%
11%
3%
17%
5%
20%
5%
9%
3%
9%
4%
4%
3%
3%
5%
2%
7%
17%
9%
8%
7%
1%
3%
16%
20%
21%
31%
16%
13%
3%
3%
3%
20%
6%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Other
Chemicals
Construction / Real Estate
Food & Beverages / Agriculture
Industry / Manufacturing
Information Technology
Pharmaceuticals / Healthcare
Power / Energy / Mining
Publishing & Printing
R&D / New Technology
Retail & Wholesale Trade
Services
Telecommunication / Media
Tourism
Transportation
Our company used bank loans to finance its investments
Our company used intercompany loans, own resources, or reinvested profit to finance its investments
Our company used share capital increase to finance its investments
Our company used venture capital to finance its investments
No investments
Other
48. Page 48
Which the following best describes your company's preferred strategy
for financing of investments for the following 12 months? (single answer)
Question 18 – Overall responses
Intercompany loans, own resources or reinvested profit will remain companies’ preferred strategy to finance investments in
2016, according to 46% of respondents, up from 13% in 2015. The second preferred financing source will be bank loans (34%),
down from 53% in 2015.
Total Respondents 339
(Skipped this question: 82)
See here the previous edition of the survey from February 2015.
2%
2%
6%
10%
34%
46%
0% 10% 20% 30% 40% 50%
Other
Venture capital
Share capital increase
No investments
Bank loans
Intercompany loans, own
resources, or reinvested profit
2016
2%
2%
6%
10%
34%
46%
9%
21%
4%
53%
13%
12%
49%
39%
0% 10% 20% 30% 40% 50% 60%
Other
Venture capital
Share capital increase
No investments
Bank loans
Intercompany loans, own
resources, or reinvested profit
2014 2015 2016
49. Page 49
Which the following best describes your company's preferred strategy
for financing of investments for the following 12 months? (single answer)
Question 18 – By industry sector
Intercompany loans, own resources or reinvested profit will remain companies’ preferred strategy to finance investments in
2016 across all industry sectors as well. The second preferred financing source will be bank loans, while share capital increase
will be used by pharma companies (33%), and venture capital will be used by publishing & printing companies (20%).
Total Respondents 339
(Skipped this question: 82)
See here the previous edition of the survey from February 2015.
25%
64%
32%
50%
38%
39%
17%
33%
20%
20%
36%
25%
29%
17%
26%
46%
27%
64%
32%
53%
43%
50%
39%
40%
60%
40%
34%
71%
42%
67%
4%
14%
4%
9%
33%
6%
20%
7%
10%
4%
1%
6%
20%
3%
18%
9%
4%
4%
3%
3%
22%
20%
12%
22%
33%
7%
3%
1%
5%
6%
8%
0% 20% 40% 60% 80% 100%
Other
Chemicals
Construction / Real Estate
Food & Beverages /…
Industry / Manufacturing
Information Technology
Pharmaceuticals / Healthcare
Power / Energy / Mining
Publishing & Printing
R&D / New Technology
Retail & Wholesale Trade
Services
Telecommunication / Media
Tourism
Transportation
Bank loans
Intercompany loans, own
resources, or reinvested
profit
Share capital increase
Venture capital
No investments
Other
50. Page 50
Which of the following factors best describe the reaction of your
company to the business environment in the past year? (single answer)
Question 19 – A 3-year perspective
The most important shift in responses is that cost reduction ceases to be the reaction of the companies to the changes of the
business environment (21% in 2016 vs. 30% in 2015). The first position is occupied now by the productivity increase (27% in
2016 and 2015), followed by new products (19% in 2016 and 2015 vs. 17% in 2014). Talent acquisition and access to EU
funds show also important percentage increases in the current edition of the survey.
See here the previous edition of the survey from February 2015.
1%
2%
4%
4%
6%
16%
21%
2%
1%
5%
14%
19%
30%
27%
5%
2%
5%
2%
15%
17%
22%
32%
0% 5% 10% 15% 20% 25% 30% 35%
Other
Reduced capital investment
Reduced market coverage
Mergers & Acquisitions
Attraction of EU funds
Talent acquisition
Restructure of the organization
New products
Cost reduction
Productivity increase
2014 2015 2016
51. Page 51
Which of the following factors best describe the reaction of your
company to the business environment in the past year? (single answer)
Question 19 – By industry sector
Productivity increase was the most important reaction of companies transportation to the business environment in the past year
(47%), while companies in chemicals focused on cost reduction (46%), companies in R&D / New technology focused on
attraction of EU funds (40%) and companies on publishing & printing focused on new products (40%).
Total Respondents: 339
(Skipped this question: 82)
See here the previous edition of the survey from February 2015.
4%
7%
4%
9%
40%
9%
9%
18%
46%
36%
25%
17%
9%
17%
33%
20%
20%
19%
16%
43%
8%
20%
4%
4%
7%
3%
6%
20%
7%
3%
14%
28%
18%
12%
14%
22%
12%
33%
17%
40%
26%
16%
14%
25%
7%
25%
27%
20%
25%
32%
37%
17%
11%
20%
20%
26%
22%
14%
42%
47%
9%
4%
1%
2%
1%
5%
6%
8%
7%
16%
18%
20%
18%
16%
27%
20%
12%
25%
20%
14%
12%
3%
12%
6%
3%
3%
15%
8%
6%
17%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Other
Chemicals
Construction / Real Estate
Food & Beverages / Agriculture
Industry / Manufacturing
Information Technology
Pharmaceuticals / Healthcare
Power / Energy / Mining
Publishing & Printing
R&D / New Technology
Retail & Wholesale Trade
Services
Telecommunication / Media
Tourism
Transportation
Attraction of EU funds
Cost reduction
Mergers & Acquisitions
New products
Productivity increase
Reduced capital investment
Reduced market coverage
Restructure of the organization
Talent acquisition
Other
52. Page 52
In case of stagnation/decline in your current markets what will be the
step/s your company will pursue in the next 12 months? (multiple answers)
Question 20 – A 3-year perspective
In case of stagnation / decline of the market 70% of companies will stay on the market until is stable again in order to secure it
and increase the trust level in 2016 compared to 65% in 2015 and 56% in 2014. In 2016, 47% say will transform the market
through innovative approaches and 15% say that will grow on the market through M&A.
See here the previous edition of the survey from February 2015.
2%
7%
10%
15%
47%
70%
1%
2%
8%
12%
47%
65%
5%
10%
10%
56%
56%
0% 10% 20% 30% 40% 50% 60% 70% 80%
Other
Leave the market and seek new ones
Seek external funding to secure our position on the
market
Grow on the market through M&A (Mergers &
Acquisitions)
Transform the market through innovative approaches
Stay on the market until is stable again in order to secure
it and increase the trust level
2014 2015 2016
53. Page 53
In case of stagnation/decline in your current markets what will be the
step/s your company will pursue in the next 12 months? (multiple answers)
Question 20 – By industry sector
While companies from all industries will stay on the market until is stable again in order to secure it and increase the trust level,
the top 3 ones that are ready to transform the market through innovative approaches are: food & beverages (41%),
transportation (36%), and pharmaceuticals / healthcare (34%).
Total Respondents: 339
(Skipped this question: 82)
See here the previous edition of the survey from February 2015.
43%
60%
52%
34%
49%
42%
33%
42%
38%
28%
49%
54%
67%
61%
52%
10%
6%
7%
6%
2%
3%
12%
4%
2%
8%
26%
28%
30%
41%
34%
33%
34%
19%
38%
27%
29%
33%
22%
31%
36%
10%
6%
9%
16%
7%
8%
33%
20%
12%
18%
10%
9%
8%
4%
9%
6%
3%
2%
4%
15%
16%
27%
8%
2%
11%
2%
0% 20% 40% 60% 80% 100%
Other
Chemicals
Construction / Real Estate
Food & Beverages / Agriculture
Industry / Manufacturing
Information Technology
Pharmaceuticals / Healthcare
Power / Energy / Mining
Publishing & Printing
R&D / New Technology
Retail & Wholesale Trade
Services
Telecommunication / Media
Tourism
Transportation
Stay on the market until is stable
again in order to secure it and
increase the trust level
Leave the market and seek new
ones
Transform the market through
innovative approaches
Grow on the market through
M&A (Mergers & Acquisitions)
Seek external funding to secure
our position on the market
Other
54. Page 54
Which the following actions is your company
taking to increase sales? (multiple answers)
Question 21 – A 3-year perspective
73% of the companies are introducing new products or services for existing clients and attracted new clients in order to
increase sales in 2015, 41% are increasing the investments in marketing and sales, 40% are entering new geographical
markets, and 38% are opening new distribution channels. Only 14% are cutting prices and 11% are increasing prices.
See here the previous edition of the survey from February 2015.
2%
9%
11%
14%
23%
38%
40%
41%
73%
7%
9%
10%
15%
31%
38%
41%
66%
7%
5%
10%
22%
29%
32%
24%
80%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Other
Merging with and/or acquiring competitors to increase
market share
Increase prices
Cutting prices
Adapting existing product/service for new geographic
markets
Opening new distribution channels/ reorganizing
distribution to use multiple channels
Enter new geographic markets for existing
products/services
Increase investment in marketing and sales
Introducing new products and/ or services for existing
client and to attract new clients
2014 2015 2016
55. Page 55
Which of the following actions is your company taking to
increase sales in 2016? (multiple answers)
Question 21 – By industry sector
Companies from all industries are planning to enter new geographic markets for existing products/services and also to
introduce new products and/or services for existing clients and to attract new clients. It is noteworthy that 10% of companies
from transportation sector are cutting prices, while 10% of companies in food & beverages are increasing prices.
Total Respondents: 339
(Skipped this question: 82)
See here the previous edition of the survey from February 2015.
15%
18%
16%
14%
19%
20%
14%
23%
31%
18%
10%
18%
26%
8%
9%
30%
36%
30%
24%
30%
27%
33%
28%
23%
28%
35%
29%
26%
21%
30%
18%
10%
23%
17%
13%
15%
20%
16%
23%
18%
19%
15%
7%
21%
15%
11%
7%
5%
5%
12%
16%
5%
8%
24%
3%
7%
27%
8%
12%
16%
18%
12%
18%
12%
14%
13%
13%
8%
12%
20%
15%
25%
15%
4%
2%
7%
4%
4%
13%
5%
5%
3%
7%
4%
4%
7%
10%
3%
2%
7%
4%
7%
7%
9%
6%
7%
5%
5%
7%
2%
7%
10%
4%
4%
4%
18%
2%
0% 20% 40% 60% 80% 100%
Other
Chemicals
Construction / Real Estate
Food & Beverages / Agriculture
Industry / Manufacturing
Information Technology
Pharmaceuticals / Healthcare
Power / Energy / Mining
Publishing & Printing
R&D / New Technology
Retail & Wholesale Trade
Services
Telecommunication / Media
Tourism
Transportation
Enter new geographic markets for existing
products/services
Introducing new products and/ or services for
existing client and to attract new clients
Increase investment in marketing and sales
Adapting existing product/service for new
geographic markets
Opening new distribution channels/ reorganizing
distribution to use multiple channels
Merging with and/or acquiring competitors to
increase market share
Increase prices
Cutting prices
Other
56. Page 56
Mention briefly the main challenge that you are noticing now in your
industry/field of activity? (number of answers)
Question 22 – Overall responses
There are 3 main challenges respondent companies notice in their industry/field of activity for 2016 are the following: pressure
on margins (46 responses), difficult labor market and demographic conditions (42 responses), and low competitiveness of the
Romanian economy (27 responses).
Total Respondents: 268
(Skipped this question: 153)
See here the previous edition of the survey from February 2015.
9
11
11
11
14
14
14
14
17
19
19
27
42
46
0 5 10 15 20 25 30 35 40 45 50
Cash flow management
Cost cutting
Legal framework uncertainty
Managing financial risks
Customer satisfaction
Harsh competition
Poor infrastructure
Sustainable growth
Business development
Corruption
Political instability
Low competitiveness
Labor market and demographics
Pressure on margins
57. Page 57
Mention briefly the main opportunity that you are noticing now in your
industry/field of activity? (number of answers)
Question 23 – Overall responses
The 3 main opportunities respondent companies notice in their industry/field of activity for 2016 are the following: domestic
market growth potential (48 responses), decreased VAT rate (28 responses), partnerships & alliances (24 responses).
Total Respondents: 265
(Skipped this question: 156)
See here the previous edition of the survey from February 2015.
5
6
10
10
10
11
11
12
13
16
20
20
21
24
28
48
0 10 20 30 40 50 60
Cloud technology
Low costs
Access to EU funds
e-commerce
Energy infrastructure
Disruptive innovation (IoT)
Social economy
Market consolidation
Changing business models
Entering new markets
More entrepreneurial businesses
Technological advancements
Growing demand for IT services
Partnerships and alliances
Decreased VAT
Domestic market growth potential
58. Page 58
Mention briefly the main potential for investment /development that
you are looking at for the next 1-3 years in your industry.
Question 24 – Overall responses
According to the respondents to the survey, the main potential for investment in 2016 is triggered by the need to increase efficiency
(21% of companies), followed by the need to expand the market with new customer segments (17%), and expand the market in new
countries (16%). The need to secure sustainability is mentioned as an area for future development only by 8% of companies.
Total Respondents: 322
(Skipped this question: 99)
See here the previous edition of the survey from February 2015.
2%
8%
8%
14%
15%
16%
17%
21%
0% 5% 10% 15% 20% 25%
Other
Secure sustainability
Expand market with new regions (in Romania)
Change/adapt the business model
Expand operations
Expand market in new countries
Expand market with new customer segments
Increase efficiency
59. Demographics
The results of this survey reflect the
responses received to our
questionnaire in the period between
27 January and 12 February 2016,
from 421 top executives of major
companies operating in Romania.
60. Page 60
Romanian company (yes/no) County where the company is based
Demographics
See here the previous edition of the survey from February 2015.
60%
40%
Yes
No
18%
1%
2%
2%
2%
2%
2%
3%
3%
3%
4%
5%
6%
7%
40%
0% 10% 20% 30% 40% 50%
Other
Constanța
Arad
Bihor
Sibiu
Prahova
Bacău
Iași
Argeș
Mureș
Timiș
Brașov
Ilfov
Cluj
București
61. Page 61
Demographics
Industry sector Company revenue level (for 2015)
See here the previous edition of the survey from February 2015.
8%
1%
2%
3%
3%
3%
3%
4%
5%
8%
8%
9%
9%
13%
21%
0% 10% 20% 30%
Other
R&D / New Technology
Publishing & Printing
Telecommunication / Media
Chemicals
Pharmaceuticals /…
Tourism
Transportation
Power / Energy / Mining
Construction / Real Estate
Food & Beverages /…
Information Technology
Services
Retail & Wholesale Trade
Industry / Manufacturing
14%
35%
28%
10%
13%
0% 10% 20% 30% 40%
Less than 1 M EUR
1 - 10 M EUR
10 - 50 M EUR
50 - 100 M EUR
100 M EUR+
62. Page 62
Entity type Respondent’s job title
Demographics
See here the previous edition of the survey from February 2015.
2%
6%
10%
82%
Government/State-owned
enterprise
Private Equity portfolio
company
Publicly listed
Privately owned
0% 25% 50% 75% 100%
6%
4%
4%
4%
5%
6%
9%
15%
16%
31%
0% 10% 20% 30% 40%
Other
CIO/Technology director
Head of business unit
Other C-level executive
Board member
SVP/VP/Director
CFO/Treasurer/Controller
Head of department
Manager
CEO/President/Managing
director
63. Page 63
We would like to thank all who have responded to our questionnaire and thus made
possible the existence of this edition of the survey. We have been very glad to see
the increasing interest in this survey reflected in the increasing number of
responses received. A special thank you goes to Diana Dumitrașcu, Executive
Director of doingbusiness.ro for her significant and always prompt support in the
preparation of this survey.
This is a quantitative survey/analysis which aims at showcasing the trends of the surveyed topic and advance working hypotheses
which might be subsequently validated by extensive market research conducted on representative samples. This written material is
accurate to the best of our knowledge at the time of issue. It is, however, meant as a general guide and comes with the
recommendation that professional advice be sought before any action is taken.
Elena Badea
Associate Director
Branding, Marketing & Communication
EY Romania
elena.badea@ro.ey.com
Constantin Măgdălina
Senior Knowledge Management
Branding, Marketing & Communication
EY Romania
constantin.magdalina@ro.ey.com
See here the previous edition of the survey from February 2015.
The project team