The economy might be recovering, but investments remain sluggish
Published:
29 February 2004 y., Sunday
Although GDP was growing at 4.7% during the final quarter of 2003, expenditures of domestic companies increased by only 0.1% over the same period.
Analysts believe that the recent fall in national prosperity has discouraged company's to invest, but more importantly businesses are waiting to see what will change after EU accession.
Another sign of economic stagnation is a lack of interest among investors to borrow capital from banks. Henryka Bochniarz, the head of the Private Employers' Confederation said that another aspect is the current political uncertainty and constantly changing legal regulations, which do not encourage potential investments. However, there is light at the end of the tunnel.
"Investments are increasing in the processing industry, by 19.6% during the first three quarters of 2003," said NBP chairman Leszek Balcerowicz, after Wednesday's meeting of the Monetary Policy Council.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
From the beginning of 2005, retail customers of OTP Bank holding a debit bank card can, for a unified fee, withdraw cash abroad using automated teller machines operated by the subsidiaries of the credit institution
more »
The City of Sofia will sell 80.5% of the statute capital of its Municipal Bank, one of Bulgaria's commercial banks with a full banking license
more »
Most major corporations avoided Slovakia even after the end of communism, wary of its authoritarian ruler and economic cronyism
more »
German low-cost airline Bexx Air, whose offices in Sofia were closed down in September for operating without a licence, is trying to go into business under a new name of "Imagine Air"
more »
An agreement between the governments of Russia and Belarus on regulations on collecting indirect taxes relating to exports and imports, as well as other business sectors will take effect beginning January 1, 2005
more »
The central bank will mount a legal challenge against the new law expanding the bank’s rate-setting Monetary Council
more »
Wizz Air flying high in Polish market, president expects to double traffic
more »
The Port of Klaipeda Handles More Cargos Than Amsterdam
more »
Latvia’s Parex banka plans branch opening in Stockholm for next spring
more »
According to data from Emerging Portfolio Fund Research, at the end of December 2004 Polish shares constituted almost 1% of all assets of the firms investing in emerging markets
more »