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The Warsaw Voice » Business » June 30, 2011
Business & Economy
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Polish Companies Optimistic
June 30, 2011   
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Polish exporters and importers are more optimistic than their counterparts anywhere else in the EU, according to a new survey by HSBC bank. Over 50 percent of Polish exporters and importers expect trade in the coming months to increase and a third of respondents believe they can keep business at current levels.

The confidence survey commissioned by HSBC bank and conducted by the TNS polling company indicates that Polish enterprises are highly optimistic. The HSBC Trade Confidence Index reached 108 in Poland—the highest in all the EU member states the survey covered.

A third of enterprises consider Central and Eastern Europe to be the area most likely to see an increase in sales. Western Europe (Britain excluded) came in second with 18 percent of respondents, followed by Germany with 14 percent, China with 12 percent, and the Middle East with 7 percent.

The optimism of Polish exporters and importers is also reflected in their assessment of risks tied with international trade. Two-thirds of respondents are expecting no change in the risk of suppliers’ reneging on contracts or buyers failing to pay for goods.

Entrepreneurs who took part in the survey were also asked to predict the state of the global economy in the coming six months. Only one in five are expecting conditions to deteriorate, but many are anxious about risks linked to currency exchange rates. Over a third of respondents fear they will be hit by changes in rates and their businesses harmed. A similar number of companies, 36 percent, believe that changing rates will not have any effect on them and only 19 percent are expecting to profit from rate changes.

The Trade Confidence Index survey was conducted Feb. 17-March 30 on a sample of 6,390 companies, including 300 in Poland.
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