Education, technology and infrastructure should be top priorities
According to our perception survey, education, technology and infrastructure projects should be top priorities on Romania’s agenda, as businesses see the need for improvement to rise the country’s competitiveness.
COVID-19 has made the acceleration of technology an imperative for various fields, since costs and accessibility reasons prevailed. The European Attractiveness Survey shows that 82% of investors expect technology adoption to accelerate in the next three years as a result of COVID-19. Therefore, Romania will inevitably have to adapt to the rising of the new digital economy.
Global supply chains have been disrupted by the pandemic, driving investors to rethink the way they carry their businesses and their FDI plans. Our survey shows that 26% of business leaders pan to change supply chain models in response to COVID-19 by increasing manufacturing presence in Europe. Furthermore, investors were more drowned supply chain logistics and manufacturing FDI projects in Romania, demonstrating the country’s potential in these areas among businesses planning to establish or expand operations locally. However, business sentiments must be matched with real investment in major infrastructure and urban projects, an opinion voiced by 81% of interviewees.