| Series Title | European Voice |
|---|---|
| Series Details | Vol.8, No.45, 12.12.02, p10 |
| Publication Date | 12/12/2002 |
| Content Type | News |
|
Date: 12/12/02 ENTREPRENEURS in candidate countries have slowed down in setting up new businesses. A report by EU statistics agency Eurostat found the rate of new business creation halved in Bulgaria, the Czech Republic, Lithuania and Slovenia in 1995-2000. Hungary, too, recorded a slowdown, but rates in Estonia and Latvia remained high. Survival rates of firms set up in 1995 and still trading in 2001 varied. Top is Slovenia - where 67 of firms were still in business at the beginning of last year, followed by the Czech Republic (57). Only 26 of Estonian firms were still in action last year, followed by Bulgarians (27). Eurostat said the majority of new firms in central Europe were run by people working at home with no salaried employees. Finance, business and personal services was the top category (37), followed by distribution (31), manufacturing (11), construction (10), transport (6), and hotels, restaurants and cafes (5). Entrepreneurs in candidate countries have slowed down in setting up new businesses, according to a report by EU statistics agency Eurostat. |
|
| Subject Categories | Business and Industry |
| Countries / Regions | Eastern Europe, Estonia, Latvia, Lithuania |
