European Chamber of Commerce in Myanmar is conducting its third annual business confidence survey with the aim to improve the business climate in Myanmar for international investors

The Yangon-headquartered European Chamber of Commerce in Myanmar is conducting its third annual business confidence survey and kindly asks for the contribution of European companies active in the country. The feedback will be of crucial support in EuroCham’s efforts to improve the business climate in Myanmar for international investors.

The survey is a highly important tool to obtain valuable market data and has been endorsed by the European Commission. The survey aims to monitor economic developments and create a more transparent business environment in Myanmar. By creating factual data, EuroCham Myanmar endeavours to advocate the desires of European companies towards the governing entities. The conclusions of the report will be publicly shared to all European businesses in the country and EuroCham ensures complete confidentiality to all survey respondents.

The survey closes on October 9 and results will be presented on December 12 this year.

Last year’s findings were released in December 2017.

While European companies in Myanmar concurred that the domestic business environment has deteriorated this year, most see prospects improving over the next few years and almost all have opted to continue doing business in the country, findings from the last survey showed. 

According to the survey, more than three quarters of the 70 European companies active in Myanmar, which responded to the poll, rated the Myanmar business environment as poor or needing improvement, compared to 67 percent in 2016.

In fact, about a third believed the business environment had changed for the worse during the past 12 months. The companies cited regulatory issues, lack of a qualified labour force and legal uncertainty as biggest challenges in the country.

(The Myanmar Times: https://www.mmtimes.com/news/business-confidence-survey-eurocham.html )

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