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BNS - Companies in Estonia coped with the first serious impact from the economic crisis using their own means, says Juri Etverk, leading consultant with PricewaterhouseCoopers (PwC).
As things stand now, stability and legal certainty are more important for the Estonian enterprise sector than direct financial support, Etverk said commenting on a report by PwC on relations between the corporate and government sectors under the conditions of global economic decline.
Cooperation between the state and businesses offers good prerequisites for Estonia to be one of the first countries to come out of the crisis. The state's contribution in this is the package aimed at livening up of the economy, while the contribution of the corporate sector consists of jobs and tax money.
The global report based on a survey of executices by PwC, presented at the World Economic Forum in Davos in January, shows that corporate leaders are in favor of more active involvement by governments in matters of the economy, but on the condition that this will produce also concrete results.
PwC surveyed top executives during a period that lasted from last September to November. In All 1,124 corporate executives from 50 countries were interviewed, including 10 from Estonia, for the survey conducted for the 12th time.
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