Political uncertainty and delayed reforms are weighing on investor confidence in Romania, with four out of 10 companies no longer planning investments and a growing number expecting economic stagnation over the medium term, according to AmCham Romania’s latest Business Climate Barometer. The survey, conducted between April and May among AmCham member companies, indicates a deterioration in investment appetite compared with 2025, when businesses proved more resilient to political and macroeconomic challenges. The eighth edition of the annual survey found that while most companies expect their 2026 operating results to remain broadly stable, investment and expansion plans over the next three to five years have become significantly more cautious.