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
Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions.
more »
The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation.
more »
Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry.
more »
350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty.
more »
New plan sets out action to reach 75% employment target for the EU by 2020.
more »
Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures.
more »
Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced.
more »
Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation.
more »
The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis.
more »
A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint.
more »