The positive evolution, however, depends on the tax development as well as the political environment, as general elections will take place this year.

Some 57% of the business people interviewed by KeysFin expect a positive trend in Romania’s economy this year whereas 28% see a steady evolution. Only 15% expect a negative outcome.

By comparison, the economic barometer from June last year showed than 33% of the investors were expecting a bad development. The investors’ perception has changed as consumption has increased due to the VAT cut, and lending has resumed. (source: Romania-insider.com)