Romanian entrepreneurs have rather negative expectations about this year's general economic conditions, but most of them plan to maintain all the employees and their wages at a constant level, according to a survey conducted by the association of small and medium-sized enterprises CNIPMMR.

Only 16.7% of the polled entrepreneurs believe that this year's economic environment will be favorable for business development, according to the survey results.

A much thicker slice of 41.4% anticipates an unfavorable economic climate, and 41.8% of the entrepreneurs participating in the survey express neutral expectations.

Regarding the labor force, 54.4% of entrepreneurs claim that they will keep the current number of employees, 24.9% estimate that they will lay off between 1 and 10 employees, and 15.2% estimate that they will hire between 1 and 10 employees.

When it comes to the salaries, most of the entrepreneurs - 70.2% - believe that they will remain at the same level in 2021, 11.8% plan wage hikes of up to 10%, and 9.7% believe that wages will fall by more than 10%.

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andrei@romania-insider.com