Eyeing the star sectors of 2023

According to the latest data, economic performance in the Eurozone is rather weak. The indicators published so far have indicated a significant slowdown in household consumption, a slowdown in service sectors, as well as a weak evolution of the industrial sector. Globally, energy crises, the war in Ukraine, and ethical concerns for the environment and the workforce will intensify and will continue to shape the economic environment, including the consulting industry. Locally, the business climate could be even more affected by a low absorption rate of EU funds and the slow implementation of structural reforms.

Yet, with the symbolic milestone of 1,000 kilometres of highspeed roads due to be reached this year and another 500 kilometres of new motorways and expressways currently in different stages of construction, Romania seems to be accelerating improvements to its road infrastructure, which could prove a crucial factor in attracting new foreign investments in the years to come.

According to experts, the biggest challenges for the overall business environment in 2023 will continue to stem from the effects of the war in Ukraine and the unpredictability it brings about. The end of the war will be what will trigger bigger investments, a return to normality, and an exit out of the energy crisis, which, in turn, will lead to the revival of many industries. But sectors like automotive, IT, medical services, infrastructure, telecom, professional services, and energy are shaping up to be among the star sectors this year in Romania, so we should keep a close eye on them.

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COVER STORY

8 Sectors to watch in 2023

MAIN STORY

18 Retail and logistics markets gearing up for further growth

ENTREPRENEURSHIP

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EDITOR-IN-CHIEF: Anda Sebesi JOURNALISTS: Aurel Constantin, Mihai Cristea, Deniza Cristian, Romanita Oprea, Oana Vasiliu

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