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
The European Commission will on Tuesday unveil what may be the biggest shake-up in the European Union's internal market since the first phase of the project was completed in 1993
more »
Renault topped a list of best-selling cars in the booming Croatian market last year, despite the French automaker's sales slump worldwide, according to a market survey
more »
Moldova introduces special import duty for sugar from Febr. 16
more »
Russian gold and foreign currency reserves come to USD 76.938 billion
more »
At the end of December 2003, international reserves made up LTL 9,528.3 million (EUR 2,759.6 million, USD 3,449.7 million).
more »
Although the price of Nokia shares actually eroded somewhat on the year in 2003, it was otherwise a good 12 months for the Helsinki Exchanges
more »
Oil-producing states near the Caspian Sea should set up a regional oil organization similar to OPEC, Kazakh President Nursultan Nazarbayev told Interfax.
more »
Poland netted only 4.13 billion zlotys (890 million euros, 1.1 billion dollars) in privatisation revenues in 2003
more »
Lithuanian exports increased by 8.5% in the first ten months of 2003, compared to the same period of 2002
more »
International hotel chains are looking for partners in Lithuania in order to build their presence in the fast-growing hotel market of the country
more »