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More and more construction companies are fighting a battle for survival
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....
Businesses can escape into the grey market. "This is an astronomical increase in the minimum wage".
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
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,...
Drought hits Polish farmers
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,...
Scania closes the factory in Slupsk. Redundancies will affect several hundred people
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 said the decision was 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...
65% of companies in raised prices by rising energy costs
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...
Industrial production dynamics are declining
According to the Central Statistical Office, industrial production fell by 6.4% year-on-year in April. This is a drop significantly below the forecast (-3.5%). April saw a significant year-on-year decline in the production of energy-related goods – by 14.5%, durable consumer goods – by 13.5%, supply goods – by 10.8% and non-durable consumer goods – by 5.3%. On the other hand, the production of investment goods increased – by 7.2%. As ING economists point out, “the deep decline in production...
Inflation the biggest blow to 77% Polish companies
Inflation has been the biggest challenge in recent years for 77% entrepreneurs. Of these, 44% rated its impact as "very high". This is the conclusion of the study "Small, medium-sized companies - big challenges", conducted by the research agency IQS on behalf of the insurance company Wiener. The second most frequently mentioned challenge was the increase in labor costs - their impact was felt by 70% companies. The same percentage of respondents also indicated fuel costs as a key factor influencing the condition of their company....
Despite the crisis, companies in Poland are not giving up on IT investments
As many as 71 percent of companies perceive the high pace of automation and digitization as the best opportunity to introduce innovative solutions - according to the study "IT investments in times of crisis. Cloud and new technologies. Prospects for 2022-2023" conducted by POLCOM and Intel. More on this topic can be read in the article @Puls Biznesu The article was published on the @Puls Biznesu portal on May 16, 2023. We invite you to read its full version: » Despite the crisis, companies in Poland...
Generation Y and Z want to reinvent themselves. Which companies are facing a workforce crisis?
As many as one third of Generation Y and Z employees are considering changing jobs, and every fifth is thinking about changing industries – this is the conclusion of a study conducted by RocketJobs.pl. The industry in which changing jobs was most often considered is sales. Leaving is the least talked about in design. The report "How to work so as not to regret? - Generation Z and Generation Y on regret, satisfaction and risk at work" shows that one of the main reasons for job dissatisfaction is the amount of salary. Almost...
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