Companies in central and eastern Europe to recover slowly | Positions and Promotions

Companies in central and eastern Europe to recover slowly | Positions and Promotions:

"This year was a difficult for countries in central and eastern Europe. Pressures on cashflow and demand increased throughout the year, and only started easing in early 2013.

As of the second quarter of the year, they are still high but have at least stabilised. Business opportunities have also begun to recover in Q2 2013, but are still well below last-year's peak and follow six months of stagnation, according to the Global Economic Conditions Survey (GECS) by the Association of Chartered Certified Accountants (ACCA).

Hence, although access to growth capital has eased over the last year and a half, and was substantially improved year-on-year in Q2 2013, capacity building has been falling steadily over the same period. Meanwhile, input inflation has bounced back much more strongly than could be justified by the marginal improvement in trading conditions, though it is still low by global standards."

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