Deloitte Romania survey: 60 per cent of the CFOs find the fiscal and regulatory framework as unstable

On the background of a falling unemployment and highest GDP growth in Central and Eastern Europe, Romanian CFOs enjoy an overall positive business climate, yet they focus more on consolidation rather than on expansion of their businesses, according to the ninth edition of the Deloitte CFO Survey collecting the input of some of the largest players in the Romanian economy.

2018-04-17 12:45:34

According to the survey, 60 per cent of the Romanian CFOs find the fiscal and regulatory framework as unstable, therefore they will restrict the levels of risk they are willing to take.

The survey looks at several aspects such as economic outlook, business environment, costs for companies, financial prospects and digitalization. Though digitalization is on everybody agenda, the Survey has revealed that the awareness regarding its impact and benefits is low.

"Various companies in Romania are in different stages of the digitalisation process. The CFOs interviewed realize that implementing more and more process automation in operations and in finance is important in this age of company digitalization. However, few of them believe their companies are advanced in robotic process automation (RPA), while many CFOs have difficulty in estimating the possible savings to be gained from RPA. The automation of low value repetitive tasks in companies gives an excellent opportunity for the shift towards a higher value tasks to be performed by the workforce, given the current shortage of skilled human capital which is going to stay", said Zeno Caprariu, Director Deloitte Romania.