This year, Polish farmers have been affected twice – by droughts and floods ☀🌧 Although in the spring there was talk of a harvest of up to 35 million tons of grain, today we already know that it will be lower. Unfortunately, this does not mean that prices will rise and farmers will get more money for their work. 📣 "Prices are shaped by the global situation and many other factors that farmers have no influence on. The method of risk management available to them is to store grain and wait for an adequate price...

👉In July, entrepreneurs registered 29,000 new companies - that is 6.4% less than a year ago. The decline is visible in most industries, the hardest hit being information and communication, as well as accommodation and catering (23% and 21%). The weakening is related to the bottom of the economic slowdown - explains Sebastian Sajnóg from the Polish Economic Institute. At the same time, the number of companies being closed is growing 📈 In July, 15,000 were deregistered, which means an increase of 9.9% compared to the previous...

The transport industry is in crisis. The economic downturn has caused companies to start making losses ❗ The transport economy in the European Union has fallen sharply. Compared to last year, demand for transport services is significantly lower, in some cases even by 15–20 percent 📉 Unfortunately, experts predict that 2023 may end with losses for many transport companies, and in the worst case even bankruptcies. According to data from the Central Economic Information Center,...

The dairy crisis has led to a deterioration in the industry's financial results. Gross profit in Q1 2023 fell to just PLN 64.8 million from as much as PLN 895 million in the same period of 2022. In turn, net profit fell to PLN 24.6 million in Q1 2023 compared to PLN 783.5 million a year ago. This gives 7 and 3 percent of last year's profits, respectively 📉 The crisis of Polish milk processing plants was caused by record milk purchase prices at the end of last year combined with falling prices in stores...

👉Due to the horrendously high prices of wood sales, companies are shortening the time of production and in some cases closing down 👉The Polish Chamber of Commerce of the Wood Industry (PIGPD) and seven other entities are appealing to the Prime Minister in connection with the crisis. According to the authors of the letter, many smaller companies have no orders at all, which puts them on the brink of bankruptcy. 👉One company from the Olecko commune has filed for bankruptcy as a result, and 260 people have lost their jobs. Industry representatives say that many companies...

The largest industry organizations have submitted an appeal to the Speaker of the Sejm of the Republic of Poland to continue processing the committee bill on reducing bureaucracy and legal barriers. The reason? Counteracting the crisis in residential construction 🏗 According to data from the Central Statistical Office, 33% fewer constructions were started in the first half of this year than in the same period a year earlier. The number of apartments for which permits were issued also decreased. Compared to the same period a year earlier, the difference is 37.6% 📉 In...

👉The Polish catering industry has been facing successive problems for three years - the pandemic, war, inflation and the energy crisis. According to BIG InfoMonitor, its arrears already amount to PLN 800 million and increased by 7% compared to the previous year. This is important because already in 2022, catering was the second sector of the economy in which debt collection activities took place most often - only transport was worse. The Polish Chamber of Gastronomy speaks directly of a crash 📉 👉Increase...

📣 As many as 70% of entrepreneurs believe that a rapid increase in the minimum wage will have a negative impact on the operations of companies - this is the conclusion of a July study conducted by CBM Indicator on behalf of the Lewiatan Confederation. Small companies (73%), but also large (64%) and medium-sized companies (63%) are particularly concerned about the increase in the minimum wage. The advantages of a rapid increase in the minimum wage are noted by 18% of medium-sized companies, 15% of small companies and 14% of large companies 📈💰 83% of entrepreneurs expect a change in the current...

The market for young technology companies has never been so bad⚠Venture capital investments in Poland fell by more than half year-on-year in Q2. We are dealing with a similar downturn in practically all key VC markets, i.e. in the US and Western Europe. In addition, we found ourselves in a period when EU innovation support programs have ended in our country, and new ones have not yet been launched. All this means that in the near future it will be possible to get out of the huge hole in which...

👉The chemical industry is seen as an indicator of the state of the global economy. Meanwhile, other giants are slowing down. In June, Lanxess, a chemical group based in Cologne, lowered its full-year profit forecast by 30 percent. 👉Swiss chemical company Clariant followed suit, as did MDax Evonik. Now BASF, the world's largest chemical company based in Germany, has joined the group. As the German daily Handelsblatt emphasizes, the fact that...