To face the current world financial crisis, economic experts called on Monday20/10/2008 for increasing the competitive capabilities of Egyptian products in foreign markets through activating the role of businessmen and renewing commitments towards more reforms.
Undoubtedly, the world economy is passing through a very critical stage that brought negative repercussions which were partially sensed in Egyptian markets, especially in the stock market that went down by 40 percent since the start of the world crisis, Hisham el-Khazendar, managing director of El-Kalaa company for financial investments, said at a workshop organized by the Euromoney conference on inflation and economic growth.
"As investors we believe that the current slowdown would prevail until the first half of next year and this certainly means losing several investment opportunities," Khazendar said.
The government is required to clearly point out available investment opportunities and avoid sudden changes, including that of energy prices, he said.