Impetum Group invites managers and business professionals in Romania to join the 9th edition of the CONFIDEX study

• Managers and business professionals in Romania are invited to fill out the questionnaire CONFIDEX Ediția 9 - ImpetumGroup Survey
• The 9th edition of the CONFIDEX study analyzes the Business Confidence Index in the Romanian economy for the second half of 2023
• Romanian managers' confidence in the economy reached a record level in the first 6 months of 2023

Impetum Group announces the launch of a new edition of CONFIDEX, the only longitudinal study in Romania designed to measure Romanian managers' confidence in the economy and decipher the challenges faced by the local business environment. Now in its 9th edition, the study has already become a benchmark tool for business decision-making.

Managers from Romania's largest companies, along with business professionals, are once again invited to contribute to the development of Romania's most comprehensive study - which aims to dissect the trust dynamics within the Romanian economy - by filling in the questionnaire: CONFIDEX Ediția 9 - ImpetumGroup Survey

"The Romanian business environment is a dynamic entity, responsive to international market shifts and internal policy changes. The first half of the year saw heightened optimism among managers, due to Romania's upward economic trajectory in 2022. However, as less favorable news emerged, particularly in September this year, we question how much of this optimism remains. As the year draws to a close, we face a reduced predictability in the fiscal framework, coupled with a slightly decreasing inflation that now shows signs of stagnation, further eroding consumers' purchasing power and putting pressure on company costs. Therefore, we are keen to understand how much of the optimism from the beginning of the year still remains and what lies ahead in the near future," says Andrei Cionca, CEO of Impetum Group.

The Confidence Index, as measured by the CONFIDEX study, hit its lowest point during the pandemic, gradually climbing thereafter. In the first six months of 2023, it reached the highest level in the past three years (50.2). After the pandemic, the post-pandemic recovery, geopolitical instability due to the Ukraine war, rising energy prices, and rampant inflation, Romanian managers started the year with optimism. Notably, for the first time since the study was launched, CONFIDEX results from the first half of 2023 highlighted Romanian managers' orientation towards exports and foreign markets.