Банкеръ Weekly

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EUROPEAN BUSINESS CIRCLES ARE NOT OPTIMISTIC ABOUT THE YEAR 2003

Business circles' expectations about the year 2003 are most optimistic in Bulgaria and Romania, a poll of the Association of European Chambers in Brussels has established. The research has been conducted in 25 countries, 15 of them EU members, and the remaining 10 - in the process of accession. The poll of the business climate in Europe includes 120 regions (83 in the EU members states and 37 in the associate countries). The results were made public on February 19 at a press conference in the Bulgarian Chamber of Commerce and Industry (BCCI). The research has shown that the more progress a country has made in the process of its accession to the EU, the more realistic (pessimistic) it is in its expectations about proceeds from sales and exports, about investments, employment rate, and the overall business climate. The attitude of Bulgarians, Romanians, Slovenians and Slovaks is the most optimistic, which is a sign of poor information about the challenges and difficulties expecting them in the EU, BCCI's analysts comment. Countries outside the EU are also quite optimistic about their economies. However, it is explained by the fact that their economies are to a large extent bound with that of the USA.

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