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
Poland's local currency rating was downgraded on Wednesday by Standard & Poor's because of concerns about the country's high budget deficits and a rapid increase in government debt
more »
In the coming 3 years Lithuania will be the fastest growing economy among 25 member states of the enlarged European Union
more »
Capital Intelligence Upgrades Lithuania’s Long-Term Currency Credit Standing
more »
The man who is now in charge of Russian oil giant Yukos has vowed to carry on the policies of his jailed predecessor, Mikhail Khodorkovsky
more »
WEF's rating this year better reflects Latvia's competitiveness
more »
Avtobank-NIKoil and Ural-Siberian Bank announced Friday that they will merge in a year to create one of the country's largest banks
more »
Russia and its neighbors may boost crude oil shipments through an Israeli pipeline, helping them compete against Persian Gulf nations for sales in Asia
more »
Germany and France will tonight join forces in a last-ditch legal attempt to save themselves from the full impact of the European Union's budget rules
more »
SR Telecom Inc. has sold wireless access systems to Czech Radio in a deal potentially worth $8 million US
more »
LNM Group, the world's second-biggest steelmaker, said it will buy a 69 percent stake in Poland's state- owned Polskie Huty Stali SA in an accord valued at $2 billion, including debt and investments
more »