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The Warsaw Voice » Business » April 28, 2011
From the Business Editor
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Opportunity Amid Crisis
April 28, 2011   
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The world has recently witnessed developments whose consequences may potentially pose a threat to the global economy. It is still difficult to predict the full consequences of Japan’s earthquake in mid-March, even though the threat of a major nuclear disaster has diminished. Japan is the world’s third largest economy. A sharp and lasting slowdown in economic activity there would be felt globally. Additionally, tensions in the Arab world are not subsiding and it’s hard to predict how the armed conflict in Libya will end and what course developments in North Africa and the Middle East will take. In this context, the future price of oil is a big unknown.

These developments are reflected in deteriorating consumer sentiment indicators around the world. But some analysts are trying to find positive aspects. The tragedy in Japan, if it does not lead to a nuclear disaster, may paradoxically offer opportunities for the local economy, which has contended with stagnation and deflation for decades. Poland, in particular its market for modern business services, may also benefit. The developments in Egypt, Tunisia, Libya and Japan have prompted many investors to look for more stable investment locations. Natural disasters, public unrest, a rise in crime, internet disruptions and power supply failures are only some of the factors that have caused disruption for international corporation. The developments in Arab countries and Japan have encouraged global investors to take more interest in locations that guarantee business stability. The 2011 Euromoney Country Risk ratings show that European and North American countries are particularly able to offer such guarantees.

Central and Eastern Europe is the region which has gained the most in investment attractiveness in recent years. It is now one of the three most attractive locations for foreign investors.

Thanks to its political and economic stability, relatively low business costs and well-qualified workers, Poland is one of the most profitable places to do business. Experts say a country’s political, social, economic and natural stability will be the most important factors taken into consideration in assessing its attractiveness as an investment location.

Poland is regarded as a country that is secure, politically and economically stable. The country’s entry into the European Union in 2004 and its reputation as a “green island” on the map of Europe during the global financial crisis of 2008 strengthened its position as an attractive location for business services.
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