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
Bulgaria's foreign minister stressed on the importance of EU market access after Bulgaria joins the Union
more »
China and Russia have pledged to establish a 10-square-kilometre quasi-free trade zone along their borders, with an estimated investment of US$1 billion
more »
Lithuania’s economy may reach the level of old EU member states in 18 years
more »
The Polish central bank believes interest rate rises are inevitable due to surging economic growth, a top central banker said Tuesday
more »
Bank BPH has announced its strategy for 2004-2006
more »
Small companies having less than 10 employees and annual revenues up to LTL 1 million (EUR 290,000) will have a zero profit tax rate on the LTL 25,000 (EUR 7,240) share of taxable profit
more »
An international conference
“Lithuania in the Europen Union: values that we protect, changes that we seek”
was organized by the Lithuanian Government and the family of big business
organizations, with „Penki kontinentai“ Communication Center among them, in Vilnius.
more »
The Federal Court of Switzerland has partially annulled the order of the Federal Prosecutor’s Office to freeze the Swiss bank accounts of several shareholders of the Russian Yukos oil company and the Menatep holding group
more »
Kazakhstan continues to negotiate with member-states concerning the entrance the World Trade organization
more »
The average rate of tenge at Kazakhstani Stock Exchange (KASE) on Monday, June 14, has remained without changes in comparison with Friday and made 136.14 tenge against $1
more »