News & Articles

EuroCham continues conducting the series of media visits to introduce and promote EuroCham activities in Indonesia. On 1 July, EuroCham separately visited SCTV and Jakartapost and had the opportunity to exchange views with the respective media as well as explore possibilities for future collaboration. Being discussed in both visits were current economic relations between Indonesia and Europe, including trade and investment relations between European countries and Indonesia.

On 9 August 2019, EuroCham jointly with other European Chambers unveiled the results of the 7th Joint European Chambers Business Confidence Index 2019 (BCI) to Representatives of Indonesia Investment Coordinating Board, the Head of Kadin European Committee, Representatives of EU Delegation to Indonesia, Board of the European Chambers, and an audience of forty executives mostly representing European investors domiciled in Indonesia.

The BCI is a series of snap-shots on the economy and government performance that reflect the overall confidence of business towards, revenue, head-count, profit and future investment. BCI 2019 is a seventh annual survey designed and managed by Joint European Chambers, that are British Chamber of Commerce in Indonesia (BritCham), commissioned by the European Chamber of Commerce Indonesia (Eurocham) in partnership with the EU-Indonesia Business Network (EIBN), the German-Indonesian Chamber of Industry and Commerce (EKONID), the Italian Business Association in Indonesia (IBAI), the Indo-French Chamber of Commerce & Industry (IFFCI), with co-funding from the European Commission.

Among the key findings from the study are:

1.The confidence Index tends to be stable in 2019, despite the uncertain political environment after the election.

2.Many Europeans have expanded their business in Indonesia and 29% considering to expand their business.

3.New concern regarding terrorism in Indonesia, due to the event occur on 21st and 22nd June 2019 after the election.

Ms. Corine Tap, Chair of EuroCham said that these findings represent the opportunities and challenges of doing business in Indonesia that could be addressed through appropriate collaboration between the Indonesian government and industry players.