In the Central Bank’s survey of 2,391 entrepreneurs, 64% reported better business conditions than a year earlier and 82% expected macroeconomic conditions to improve over the next three years. The survey points to solid operating momentum, while infrastructure and administrative constraints remain material differentiators across sectors.
The share of respondents reporting improved conditions rose from 61% in Q2 2025 to 64% in Q2 2026. Businesses pointed to better banking services, stronger competition, simpler licensing and modest road-infrastructure improvement, while market concentration, administrative interference, energy supply and customs tariffs remained constraints.
Order growth was reported by 56% of respondents, led by construction, tourism, catering, handicrafts and manufacturing. Demand for additional labour rose for 48% of surveyed businesses, and medium-term confidence strengthened markedly, with 82% expecting macroeconomic conditions to improve over the next three years, up from 66% a year earlier.
For lenders and equity investors, improving confidence supports the near-term revenue and credit outlook, but the headline index should not replace sector-level diligence. Energy reliability, pricing power, working-capital needs and regulatory exposure remain decisive for individual company performance.
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