Czech managers have more confidence in global economy, report

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Some 48% of Czech managers are convinced that the global economic situation is improving, while six month ago it was only 29%, the CTK news agency reported citing a poll by Ernst & Young. The accounting firm addressed 1,600 managers of large companies in 50 countries from the whole world. According to the report, over seventy chief executive officers and chief financial officers from the Czech Republic took part in the survey. Some 63% of Czech managers expect the number of mergers and acquisitions to rise in the coming year and 26% prepare to make some such transaction. Among the sectors where the highest number of acquisitions is expected in the next twelve months are technologies, the car industry, pharmaceutical production and the health sector, consumer goods and oil and gas industry, the report said.

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