Are we facing a wave of bankruptcies caused by the huge increases in electricity prices for companies? Which companies are at the greatest risk? Market experts estimate that wholesale electricity prices, i.e. directly for companies, will increase by 70 percent (year-on-year) at the beginning of next year. The effects of such drastic increases will affect not only large companies that supply or consume large amounts of electricity, but also all companies that have signed long-term contracts for the supply of products...

Are we in for a wave of bankruptcies caused by huge increases in electricity prices for companies? Market experts estimate that wholesale electricity prices, i.e. directly for companies, will increase by 70 percent (year-on-year) at the beginning of next year. The effects of such drastic increases will affect not only large companies supplying or consuming large amounts of electricity, but also all companies that have signed long-term contracts for the supply of products and services with a price guarantee. Specialists...

The number of bankruptcies in the transport industry is growing – experts from the insurance company Euler Hermes warn. The heads of the West Pomeranian Road Carriers Association see a threat to the industry, although they are toning down their concerns. Two large European companies are calling for an average 6 percent increase in transport prices. This is to be a response to rising fuel costs, traffic jams and payment backlogs, as well as problems with finding people willing to work. Another problem for Polish carriers is the regulations...

The number of bankruptcies in the transport sector in 2018 is up by 29% compared to last year – as calculated by Euler Hermes experts. In the meantime, two large European transport companies are already calling for an increase in service prices by an average of 6%. This is to be a response to rising fuel costs, traffic jams, payment backlogs and problems with finding people willing to work. According to data available in the Economic and Court Monitors, 580 companies went bankrupt in Poland from the beginning of the year to the end of July. The most...

Courts across the country are positively considering applications for consumer bankruptcy, according to information from PMR Restrukturyzacje SA. They usually summon the debtor to a hearing to dispel any doubts, but sometimes, when the evidence is sufficiently convincing, they make a decision in a closed session. Experts confirm that the system works and the new chance policy for individuals is starting to bring tangible benefits on a national scale. According to data from the Central Center...

The rate of bankruptcies in the transport industry is increasing. The industry faces many challenges, one of the biggest being new EU regulations. In order to survive, it may be necessary to merge smaller companies into larger entities. From January to July 2018, 580 companies went bankrupt in Poland. This means an increase of 29 percent compared to the same period in 2017. Experts attribute this situation to deteriorating business conditions. These include payment backlogs, rising fuel costs, insufficient number of drivers...

More and more construction companies are having problems with financial liquidity. We recently described the case of a developer from Kielce who for many years was the general contractor for the construction of schools, kindergartens and public utility buildings. Over the past two years, he won tenders, concluding contracts that, during implementation, after a drastic increase in costs, turned out to be unprofitable. As soon as the developer realized that he would lose on them, he went to his investors...

Problems in the construction industry may affect the functioning of development companies. For buyers of apartments, this means price increases. Rising apartment prices may be a consequence of what is currently happening in the construction sector. Most companies operating in this area of the economy are struggling with liquidity. Lack of employees, more expensive building materials and debts are the most common problems leading to bankruptcy. It is increasingly visible that developers are also unable to cope with the difficulties and are unable to realize...

Already 18 people file for consumer bankruptcy every day in Poland. Several thousand people decide to take this step every year. According to experts, however, their number should be at least several times higher. A change in the regulations that allows people who have fallen into financial trouble through their own fault to declare bankruptcy may help in this respect. Contrary to popular belief, consumer bankruptcy is not a procedure in which the trustee leaves the debtor in his socks. It is the satisfaction of creditors and a second chance...

Discussion on the reports of PMR Restrukturyzacje SA on the expected bankruptcies in the construction industry. Interview with Adam Protasiuk and Rafał Witucki on the subject of possible developer bankruptcies. The material was published on Polskie Radio Gdańsk: on 31 July 2018: » Go here to listen to the broadcast