According to the study by the insurance company Wiener, “Small, medium-sized companies – big challenges for 2023”, how companies react to the unfavourable economic situation depends on their size. It turns out that the largest companies, employing at least 50 employees, were less likely than smaller companies to increase the prices of products and services (57% of large companies vs. 67% of small companies). They focused on building a financial cushion (39%), and every third applied for subsidies. Large...

Polish raspberry producers do not agree to the prices proposed by the processors for the fruit. In their opinion, they are half too low, which is why they are announcing protests and a halt to the harvest. However, the problem is much more complex. Representatives of the Polish Fruit Growers' Association believe that the biggest problem on the Polish market is the import of frozen products, mainly from Ukraine, which has been ongoing for several months. They have sent a letter on this matter to the Ministry of Agriculture and Rural Development and to the EU Commissioner for Agriculture...

The transport sector is facing a crisis, which has been caused by, among other things, the energy shock following the Russian invasion of Ukraine, the increasingly ambitious EU climate policy and the lack of financing. The National Reconstruction Plan, which earmarks over PLN 7.5 billion for the development of green, modern transport, could provide significant support for the sector. Meanwhile, the funds have not yet been released, and the deadline for spending them is 2026. This calls into question the possibility of implementing transport investments...

The wedding industry has not yet recovered from the pandemic crisis. Although the segment of luxury weddings with budgets above PLN 150,000 is growing, currently more than three-quarters of the market are low-budget events up to PLN 50,000. Before the Covid-19 pandemic, the average cost of a so-called "plate" in a wedding hall did not exceed PLN 250. Currently, you have to count on an expense of PLN 400-500. In luxury facilities (e.g. historic palaces, manor houses), this cost reaches even PLN 500-600 Looking for savings, young couples are limiting...

The counter launched by the Federation of Polish Entrepreneurs, showing the estimated losses of the Polish economy resulting from the lack of funds from the National Reconstruction Plan (KPO), already indicates over PLN 84 billion 🚨 Let us recall that of the nearly EUR 35.4 billion that Poland is to receive under the KPO, a large part is allocated to the implementation of new investments in the railway or energy sectors. Without this money, it will also be impossible to carry out the wave of thermal modernization of buildings in Poland announced by the government....

From January 1, 2024, the minimum wage will be PLN 4,242, and from July 1 – PLN 4,300. As a result of the changes, the minimum hourly rate from January 1, 2024 will be PLN 27.70, and from July 1 – PLN 28.10. "This is an astronomical increase in the minimum wage. We expected that it would exceed the psychological barrier of PLN 4,000 gross. However, PLN 4,242, and then PLN 4,300 is a cosmic increase. The government, without consulting entrepreneurs, is using their funds, increasing them to astronomical levels...

Construction companies are starting to see their revenues fall. The market is in a slump and there are not enough new orders to provide a stable cash flow to cover the high costs of doing business. What's more, the Polish Construction Employers' Association estimates in its latest report that the lack of new orders leads to fierce price competition between companies, which promotes aggressive behavior at the bidding stage. "Construction companies often offer dangerously low prices,...

June is a key month for agriculture – the amount of water that falls on the fields and the distribution and abundance of rainfall determines the yield of plants, especially cereals, which are the basis of our agriculture. And this month looks disastrous. There is supposed to be less rainfall than usual, but temperatures are higher than average. So it will be hot and dry. In addition, rainfall, if it does occur, is supposed to be heavy, short-lived and heavy, and such rains will not only not improve the situation of plants, but...

Scania will lay off 847 people working at its Słupsk factory. The Swedish company has decided to close the plant producing bus bodies. The company has announced that the decision is motivated by negative changes in the global market in the bus segment. The factory is scheduled to close in the first quarter of 2024. The company's management has indicated that they are starting talks with trade unions. Scania is another automotive company that has recently announced mass layoffs. This shows that...

Already half of enterprises declare that rising prices of energy, fuels and energy raw materials are barriers that significantly impede their functioning – this is the conclusion from the report of the Polish Economic Institute. What actions are Polish companies taking in response to the energy crisis?65% of enterprises increased the prices of their products and services57% reduced the general operating costs of their organization46% sought cheaper raw materials, materials and services from suppliers36% suspended...