The positive effect of attracting foreign capital in Hungary

The sale of shares in existing Hungarian enterprises makes it possible to obtain funds in freely convertible currency, which can be used to repay part of the external debt, as well as to finance highly efficient investments in priority sectors of the national economy, retraining of retrenched personnel and other purposes, and in most cases the proceeds significantly exceed the book value of the facility. It is also important that the positive effect of attracting foreign capital remains in order to improve the technical, economic and organizational level of the sectors of the national economy, to better meet the needs for certain industrial and consumer goods. Nevertheless, it seems that this method of attracting financial resources is still forced. With an external debt of $20 billion, on which, including interest, about $11 billion will have to be paid in 1990-1992, while the country's current balance of payments in convertible currency is in deficit (the liability planned for 1990 is $550 million), it is extremely difficult to find sufficient funds for economic modernization. Joint ventures, despite their large number, have made it possible to attract investments from abroad for a total amount equivalent to about 2% of the value of fixed assets in industry. It is unrealistic for Hungary to rely on a modern version of the Marshall Plan. The aid, which was decided upon at a meeting of the leaders of the 7 leading capitalist states in Paris in July 1989, bore fruit, but the funds allocated by the OECD countries are mostly in the form of loans, and a number of Western participants in Operation FARE have so far limited themselves to political declarations of support for reforms in Eastern Europe. In addition, recent events in other Eastern European countries may, to a certain extent, distract attention and financial support from the West. Speaking to the Council of Europe, which unites 23 countries of the continent, the Chairman of the EU Commission, Jacques Delors, warned: "We should not give too much hope, because then it will lead to disappointment."

Finally, as for the above—mentioned rental form of joint entrepreneurship, it seems that it avoids the social tension that arises in some cases, primarily from the labor collectives of enterprises, and other undesirable phenomena associated with the sale of shares to foreign entrepreneurs. At the same time, it requires additional financial costs. Many players look for straightforward information about odds, table limits, and responsible gaming tools before they risk any money and decide to carefully bonus play at ZizoBet . Reading impartial guides and comparing wagering conditions can help you understand how different gambling platforms work and what kind of experience they offer.