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Kurasz, Kuba

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3 articles of this author have been cited in the European Press Review so far.

Rzeczpospolita - Poland | 23/08/2012

Poland also to blame for construction bankruptcies

The number of bankrupt construction companies in Poland rose by two-thirds in the first two quarters of this year compared to 2011. Experts fear the sector's problems will spill over into the rest of the economy. Kuba Kurasz puts part of the blame on the state in the business blog of the conservative daily Rzeczpospolita: "Nowadays most people believe that the construction companies are themselves to blame for their dire state of affairs, because no one forced them to invest in unprofitable, risky projects. However 40 percent of contracts in the construction sector are public. The Traffic Management Department GDDKiA and the railways grant the most contracts, in total 20 percent of them. Hence the problems in the sector cannot only be put down to poor planning and greed on the part of the companies. The firms' financial woes are also caused by the GDDKiA's unsound payment system and the huge rise in prices for primary products and construction materials, which was very difficult to foresee."

Gazeta Wyborcza - Poland | 07/10/2011

Greece allowed to go bankrupt soon

The proposal to aid Europe's banks voiced among others by the President of the EU Commission José Manuel Durão Barroso prompts the conclusion that Greece may soon go bankrupt, writes the daily Rzeczpospolita: "That means Barroso has officially admitted that Brussels is seriously considering a debt restructuring for Greece. Until now this possibility had been rejected. The belief that Athens was fulfilling the expectations of the European Commission and the International Monetary Fund was considered the only way to structure reality and calm the financial markets. That's the only reason it received support."

Rzeczpospolita - Poland | 24/06/2010

Innovations to counter China's economic power

China will have overtaken the US economically within five years, the US bank Goldman Sachs predicts.In addition the stock exchange in Shanghai is expected to have reached the level of the US financial centres in nine years. Currently the EU is still ranked top in economic terms. If it doesn't want to fall behind it needs to make major investments in research and development now, the conservative daily Rzeczpospolita writes: "There is only one thing we can do to avoid falling too far behind Asia: invest in education so that Europe is the most important university centre worldwide. Our trumpcard should be research, development and service centres. In industry and in the financial sector we must rely on innovation. If we fail to do so we will find ourselves facing not only China's financial and economic dominance but its political dominance as well - and much more quickly than we think."

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