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
Major expansion increases capacity at Ruzyne airport
more »
Hungary sold late last week euro 1.0bn of seven-year bonds in its first issue since joining the European Union in May
more »
The new route will link Glasgow to Prague and onwards to Poland, Latvia, Lithuania, Estonia, Hungary, Russia and other Central and Eastern European destinations
more »
Russia’s Industry and Energy Minister Viktor Khristenko claimed that the situation with domestic oil major YUKOS will not decrease in investment activities in Russia
more »
Czech automakers are ready to develop incomplete vehicle manufacture in Kazakhstan
more »
Falls in unemployment and inflation will follow strong growth, says EU
more »
As a drastic measure in response to tightened US sanctions, Cuba said Monday that it will ban transactions in US dollars in the country starting Nov. 8
more »
Managers of pension fund Penzijni fond Ceske pojistovny (Czech Republic) announced they would start investing in structured products related to 300 publicly traded European companies thanks to changes in the law governing the industry
more »
Czech engineering company Skodaexport said on Monday it was the highest bidder in an Indian tender to build a $500 million coal-fired power station
more »
Bank Millennium has recorded zł.17 million in net profits during the third quarter of this year, compared to only zł.3 million in the same period of 2003
more »