More than half of the companies in Romania (55%) assess the situation generated by the coronavirus pandemic as having the potential to become disastrous ("critical" and "very critical").

Over a third of them (37%) estimate that the recovery period will range from 12 to 24 months.

According to a study conducted by local consultancy firm Valoria, out of the total of 440 companies surveyed, 41% believe that things will evolve extremely unfavorably in Romania in the next months of this year.

Thus, 29% of the managers estimate the recovery period at 9-12 months, while 37% believe their companies will need 1-2 years to recover.

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20 July 2020

Business

Romanian financial analysts lose their optimism

In this context, the responding companies consider that the executive team's skills that need to be improved are those related to decision-making strategies in crisis situations (79%), financial management in the context of crisis (75%), and remote team management (71%).

(Photo: Diony Teixeria/ Dreamstime)

editor@romania-insider.com