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Friday 20.10.2017 | Name days: Leonīda, Leonīds
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Survey: conditions are improving for business transactions

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU88% of businessmen in the world believe loan availability has either improved or at least remains the same. 60% of them also believe the situation with global economy continues to improve, according to results of the latest survey by Eurnst & Young Baltic.

Political instability demonstrates the largest risks for economic growth

The latest EY Capital confidence barometer, which reflects opinions of more than 1,600 high-rank officials from 54 countries, shows that global conditions for business deals around the world continue to improve. This largely thanks to the improvement of the economic climate in the world and increased availability of loans.

The survey shows that readiness of international enterprises to perform large transactions (above $ 500 million) has increased 12%-27%. The number of companies that are prepared to perform especially large transnational transactions above $ 1 billion has also doubled in recent months. 12% of interviewed business managers plan to perform such transactions.

EY experts say 88% of respondents believe loan availability has either improved or remains the same as it was on a global scale. It is said that loan availability is the highest it has been in the past five years. In addition to that, 60% of respondents admit conditions are currently improving in global economy. However, changes to USA’s monetary policy and the geopolitical instability in Eastern Europe and the Middle East somewhat reduce confidence about growth of global economy. 30% of respondents admit political instability is the largest economic risk at the moment.

‘Improvement of global economic conditions for business transactions is also important in Latvia’s context, because it increases readiness of international organizations to expand their growth with purchase of other companies, which may interest entrepreneurs in Latvia. However, it is worth mentioning that geopolitical instability caused by the crisis in Ukraine may reduce interest for Latvia’s region,’ – says Guntars Krols, EY partner in the Baltics.

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