BUSINESS IN SHORT

Stock exchange predicts recovery

AS THE economic crisis gradually fades and economic growth returns, this should also help the capital market in Slovakia, according to the head of the Bratislava Stock Exchange (BCPB), Mária Hurajová. She said that even though the crisis had negatively affected the results of the Bratislava Stock Exchange, with a 51.55-percent decline in the traded volume, the situation should gradually improve in 2010.

AS THE economic crisis gradually fades and economic growth returns, this should also help the capital market in Slovakia, according to the head of the Bratislava Stock Exchange (BCPB), Mária Hurajová. She said that even though the crisis had negatively affected the results of the Bratislava Stock Exchange, with a 51.55-percent decline in the traded volume, the situation should gradually improve in 2010.

“We believe that the situation in the capital market will change somewhat this year … and that we will end with slightly better figures next year,” Hurajová said, as quoted by the SITA newswire.

She also said that higher purchases of government bonds by investors would contribute to the recovery of the market. Also, the stock exchange expects potential interest from some companies in selling their stakes in large enterprises, which would stimulate activity on the capital market. The stock exchange is also in talks with several local and foreign companies on their possible entry into the Slovak capital market.


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