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Businessmen optimists live in Denmark, Bulgaria and Latvia

December 6 2007

Danish, Bulgarian and Latvian businessmen - are the most optimistic in Europe, but the Estonian entrepreneurs, by contrast, sees a future in the most sombre tones. This is evidenced by the annual study by the European Association of Chambers of Commerce Eurochambres.

In assessing the level of optimism of entrepreneurs to address their expectations regarding the firm's total turnover, turnover on the domestic market, exports, employment and investment. Aggregate expectations estimated by forming aggregates.

Thus, according to the study, the most optimistic business people - the Danes and the Swedes, their confidence in a favorable business and economic environment in the next 2008 is estimated at 72.3 and 69.9 points, respectively.

Businessmen from Cyprus, "estimated" to 57.9 points - the third in Europe. Slightly behind the Cypriot Belgian businessmen, their "optimism index" is equal to 57.6 points. Fifth place unexpectedly took the Bulgarians, whose business optimism is 56.8 points.

Next in the ranking of business-optimists are located: Latvia (55.6), Czech Republic (45,7), Britain (40.7), Portugal (37,5), Turkey (33.0), France (26,8) Poland (24,4), Italy (22,4), Germany (15).

There is also the country whose level of optimism measured in negative numbers. The most hopeless pessimists were Estonians, the study assigned to them in index -20.7 points. Large pessimists and the Spaniards (-12.0 points) and Greeks (-5.2).

The study authors note that the confidence of entrepreneurs in the stability of economic and business environment in Europe remains high - above 25 points, which is 0.9 points higher than the previous year - despite the first signs of slowdown in the economy of the Old World. And business people in countries outside the euro zone, many times more optimistic businessmen in the single European currency.

According to the author of the study, the financial crisis that began in 2007, it seems, has not yet affected the companies included in the study. Their leaders still do not see tangible signs that would indicate a decline in business activity. However, it is expected that zatihanie economic activity in the U.S. have a major impact on global trade and thus have a negative impact on companies in the EU.

"European businesses are already suffering from the strong euro against the dollar, which to some extent limits their potential to export," - the authors of the study.

The study involved the leaders of more than 86 thousand companies from EU countries and two candidate countries into the EU - Turkey and Croatia. Thus, Russia is in the ranking of business-optimists, published on the website <a href = target = _blank> Eurochambres, does not appear, according to Look.


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