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Editorial - Investors lose optimism as little progress is made

2716 afisari
By Cristian Cojanu
After two consecutive quarters of GDP contraction, Eurostat gives Bucharest more worrying news. The country's industrial output dropped 2.7 per cent in August from the month before. In addition, the International Monetary Fund has reduced its estimate regarding Romania's 2014 economic growth to 2.4 per cent from 2.8 per cent in June. To further complicate matters, the government has been working with an eye on the presidential elections and, predictably, investors are concerned.

In its latest business sentiment survey, the Foreign Investors Council (FIC) emphasizes that there has been little progress in business environment improvement. “The key issues are basically the same, but the spirit of optimism has disappeared as corporate stakeholders grow impatient,” the FIC commented on the survey results. It added: “We believe that the economic environment in Romania presents opportunities for growth, but the predictability of the fiscal and regulatory framework needs to be improved.”

To read the full version, see the print edition of Business Arena.

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