As many as half of Polish CEOs (50%) expect a strong slowdown of the Polish economy
The latest edition of the EY CEO Outlook Pulse survey shows that according to 48% respondents, the slowdown will be moderate. On the other hand, 9% Polish CEOs expect a strong and lasting deterioration in the domestic economy. In turn, 41% believe that the slowdown will be strong but temporary. In addition, the majority of CEOs (59%) managing Polish companies believe that the recession will be more serious than the financial crisis of 2007-2008. Details are written by Dziennik Gazeta Prawna. The article was published in biznes.gazetaprawna.pl,...
Global giants lay off workers
McDonald, Accenture, Carrefour… – these are just the beginning of the list of giants that are cutting employment. The crisis related to inflation, banking turmoil, rising costs of companies and production forces changes in strategy also on strong and global players. This shows that the current market slump affects everyone, without exception. Entrepreneurs are forced to look for additional savings, which often involves the need to reduce positions in internal structures. At the same time, the latest...
The furniture industry is diving into debt. Companies are laying off workers
The furniture industry's debt has been growing for half a year - it currently stands at PLN 101.1 million. This is over PLN 15 million more than in September 2022. The main reason for the sector's unsettled financial liabilities is rising inflation and the war in Ukraine. Obtaining raw materials and high energy prices are also a challenge. All this is also compounded by a significantly lower demand for furniture, resulting from the difficulties in obtaining loans by Poles. The past year brought declines in orders of up to 20 percent. More details...
Small entrepreneurs in big trouble. It is much worse than a year ago
Only 5% of micro and small enterprises claim that it is easy to do business in Poland. However, as many as 79% believe that it is currently difficult or very difficult. These are the conclusions of the latest inFakt Indeks survey, illustrating the moods of business owners 🔍 The difficult situation of small enterprises is influenced by many factors, including the energy crisis, inflation and the war in Ukraine. Recently, the entrepreneur's ZUS contribution has increased. Regardless of whether the company has made a profit or not, it must...
Beer industry on the curve
The pandemic has curbed social activity, caused people to stay at home and mass events to be cancelled. And rampant inflation and uncertainty about the future financial situation have influenced consumers to shop less often and reach for beer. These two negative shocks have provoked a decline in beer consumption per capita: from 100 l per person before the global pandemic to 92 l today," says Magdalena Brzezińska, Corporate Affairs Director at Grupa Żywiec. As if that were not enough, despite...
Consumer and hospital security companies battle crisis
In 2022, we noticed a visible increase in the number of companies undergoing restructuring in the sector producing gloves, masks, aprons and disinfectants. During the pandemic, the industry could count on record profits, and the assortment it offered sold like hot cakes. Currently, however, demand for medical products has decreased significantly. The reasons for the current problems are primarily small margins. The protective equipment industry is one of the few where prices are lower than before the pandemic by as much as 20-30 percent. Until...
Polish road transport threatened by wave of bankruptcies
Up to 10,000 Polish transport companies involved in international road transport are said to be at risk of bankruptcy. The reasons are the drastic increase in operating costs, rising fuel prices and the war in Ukraine. According to experts from the business consulting company PMR Restrukturyzacje, 30% of the over 35,000 transport companies that did not have the appropriate financial support may lose liquidity this year and find themselves on the verge of bankruptcy. In the most difficult...
Instead of bankruptcy - restructuring
The change in regulations has changed the mentality of companies. Instead of going bankrupt, entrepreneurs are fighting and restructuring their businesses. Publication on the Horecabc.pl website with expert commentary by Małgorzata Anisimowicz, CEO of PMR Restrukturyzacje and qualified restructuring advisor. The article was published on the Horecabc.pl website on April 4, 2022. We invite you to read its full version: »Instead of bankruptcy – restructuring
Instead of going bust, entrepreneurs are struggling and restructuring their business
In the face of record inflation, rising commodity costs and economic uncertainty related to the war in Ukraine, many Polish companies face the challenge of maintaining financial liquidity. Publication on Etransport.pl with expert commentary by Małgorzata Anisimowicz, CEO of PMR Restrukturyzacje and qualified restructuring advisor. The article was published on Etransport.pl on 27 March 2022. We invite you to read its full version: »Instead of entrepreneurs going bankrupt...
Entrepreneurs restructure their business instead of going bust
In the face of record inflation, rising commodity costs and economic uncertainty related to the war in Ukraine, many Polish companies are facing the challenge of maintaining financial liquidity. However, recent months have shown a huge change in the mentality of Polish entrepreneurs, who are increasingly less likely to declare bankruptcy and are fighting hard to keep their businesses afloat. One of the solutions that allows them to do this is restructuring proceedings. Its popularity...
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