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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian managers’ confidence is back to the levels seen during lockdown

The confidence indicator compiled by Impetum Group under its CONFIDEX report, with a view to tracking managers’ and entrepreneurs’ expectations regarding the national economy, dropped currently to the same levels as those seen during the first two quarters of the pandemic (Q2 and Q3 last year).

From 4.4 at that time, the index peaked at 5 in Q1 2021 but now is back to 4.4. The deterioration of managers’ sentiment is revealed by other metrics as well: 41% of them believe that GDP will decline (compared to 17% in Q1 2021).

Their main concerns for the next period are defined by the lack of workforce, the increase in the price of raw materials and the increase in inflation, according to the CONFIDEX S2 2021 results published by Impetum Group, quoted by Profit.ro.

Compared to previous editions of CONFIDEX studies, the sentiment of the managers in most sectors is worsening.

The farm managers are again the most optimistic ones, followed by those in services, industry and construction.

In contrast, the sentiment of the managers in HoReCa and transport are still at the lowest levels since the beginning of the pandemic (when the series of CONFIDEX surveys was launched).

(Photo: Jakkapant Turasen | Dreamstime.com)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian managers’ confidence is back to the levels seen during lockdown

The confidence indicator compiled by Impetum Group under its CONFIDEX report, with a view to tracking managers’ and entrepreneurs’ expectations regarding the national economy, dropped currently to the same levels as those seen during the first two quarters of the pandemic (Q2 and Q3 last year).

From 4.4 at that time, the index peaked at 5 in Q1 2021 but now is back to 4.4. The deterioration of managers’ sentiment is revealed by other metrics as well: 41% of them believe that GDP will decline (compared to 17% in Q1 2021).

Their main concerns for the next period are defined by the lack of workforce, the increase in the price of raw materials and the increase in inflation, according to the CONFIDEX S2 2021 results published by Impetum Group, quoted by Profit.ro.

Compared to previous editions of CONFIDEX studies, the sentiment of the managers in most sectors is worsening.

The farm managers are again the most optimistic ones, followed by those in services, industry and construction.

In contrast, the sentiment of the managers in HoReCa and transport are still at the lowest levels since the beginning of the pandemic (when the series of CONFIDEX surveys was launched).

(Photo: Jakkapant Turasen | Dreamstime.com)

andrei@romania-insider.com

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