PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

BCC: businesses have mixed expectations about 2011


2011-02-28



Nearly 50% of member companies of the Business Centre Club (BCC) expect their financial performance to improve this year, but as many as 40% predict a deterioration, according to a survey carried out at the turn of January/February. Just under 12% of the respondents said they anticipated no change in 2011.

The balance of optimists less pessimists is bigger when it comes to job creation, with more than 42% of the respondents planning to increase employment, against 34% anticipating no change and nearly 23% saying they will cut jobs. And it is bigger still with respect to wage levels: 57% of the surveyed firms predict no changes in wage levels, but 37% are planning to raise wages, with less than 6% saying they will cut remuneration.

Over 60% of the surveyed companies expect a rise in costs this year, by an average of 10%.

Nearly 40% say their investments will be at last year’s level, while one in three expects an increase in capex spending (by an average of 25%), whereas 28% predict investments will be 20-30% lower. Exactly half of the respondents said they will rely exclusively on own cash for financing their investments; over 20% mentioned a combination of own cash and loans, 12% said they will rely on loans only, a similar number mentioned a mix of own cash and several external sources, and just under 5% mentioned bond or share issues.

Meanwhile, companies gave a highly positive assessment of last year, with 55% describing their condition in 2010 as good or very good, 30% calling it “average”, and less than 10% saying it was bad (none described it as very bad).

The BCC has 2,500 members (persons and companies).



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.