In Romania, 2012 has been a challenging year for all players in the market. They faced the contagious impact of evolutions in Europe, while the local political uncertainty hampered the competitiveness of our economy.
Drawing closer to the end of the year, it is crucial to identify and acknowledge the reference players and the industry landmarks that are driving value creation in today’s market. By looking at the performance footprint of industry leaders, we can map the industry hot spots and the attractiveness drivers of the local economy.
It is why the Ernst & Young Transaction Advisory team has contributed to this year’s edition of Major Companies in Romania. As a global company, tapping into 140 diverse economies all over the world, at Ernst & Young, we support a wide range of companies, enabling us to draw specific insights from every market where we are present. This year, we mark a great milestone, by celebrating 20 years of continuous achievements in Romania. In this context, we have committed to developing and sharing a comprehensive insight into the Romanian economic environment.
Together with the doingbusiness.ro team, we have designed a multifaceted methodology capturing all the qualitative and quantitative aspects that make the profile of the strongest, most competitive major companies on the market. We pursued this unique project with the goal to build a reference instrument that can assist potential foreign investors, local firms as well as entrepreneurs, when looking at the business landscape in Romania.
Through Major Companies in Romania, we bring forward a general ranking of the most performing 100 companies in the country, highlighting how positive results are distributed in the economy today. But even more importantly, through our methodology, we have put together specific analysis of 24 Romanian industry sectors, bringing a unique outline of market trends and predictions.
This overview book that concludes our research for 2012 is more than a collection of rankings and industry outlooks. It is in a sense a White Paper of the Romanian economy that can assist top executives in planning their strategy for 2013. Emerging countries, such as Romania, are not only economically significant at the moment, but will be the growth engine for the global economy going forward. Business leaders across Central and Eastern Europe are still cautious about their investments in the region, but many see reasonable business potential in Romania, expecting it to act as a regional power-house.
Romania has a long way to go in building a strong competitive market. The foundation is however here, boasting promising perspectives for the post-recession years. It is clear that nobody will step up and put the pieces together if the business community doesn’t take the lead. We need to drive the Romanian market into the regional and global competition, if we want to turn its promising opportunities into reality.