Roland Berger: CEOs expects broader deterioration of Romanian economy

Most CEOs expect even broader deterioration of situation of companies in the coming period, with rampant concerns on sales and orders, said the managing director of Roland Berger, Condrut Pascu.

Over half of the respondents say the effects of the crisis will impact the Romanian economy for more than a year and a half, and 41% see a longer time horizon, according to a survey conducted earlier this month.

Less than 3% CEOs expect the effects to last less than a year in Romania.

Moreover, 88% of the respondents said the biggest concerns are likely to arise in sales and orders, 83% in revenues while 60% respondents expressed fears in financing, Codrut Pascu added.

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