The Polish leasing sector saw a nearly 10
percent drop in sales during the first month of this year. In
January 2010, leasing companies provided finance to the value of
€318 million, as compared to some €350 million in the first month
of 2009.
The formerly booming leasing industry was hit
hard during the recession; however leasing executives believe the
negative trend is about to change, projecting sales growth of
several percent this year. The size of the market should grow to
some €6.26 billion from nearly €5.7 billion in 2009.
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If the sector ends the first quarter in the
black, then we can say the recession has ended,” said Mieczyslaw
Groszek, president of BRE Leasing, which saw a business drop of 50
percent last year.
Ana Gyorkos
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