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.