The fourth wave of COVID-19 is not only a threat to the health of Poles, it is also a major challenge for business. Since the beginning of the pandemic, numerous economic restrictions have put companies in a new and unusual reality. In addition, rising prices or increases in specialists' wages do not help to run a business, and often even contribute to the collapse of companies. It is increasingly said that we are facing a wave of restructuring proceedings companies in Poland, aimed at saving businesses. It is therefore worthwhile for companies facing restructuring actively sought solutions, which will help them through this process and minimize investment costs. (…)
The rising costs of doing business are one of the main reasons for the serious financial problems of companies today, and consequently the growing scale of their bankruptcies. Soon the number of companies affected by these problems may reach several thousand (PMR Restructuring Company predicts that the number of insolvencies will reach 2 to 4 thousand in the near future). Currently, the fourth wave of the pandemic and the risk of repeated closure of individual sectors of the economy may mean growth forecasts in this area.
14 January 2022. Read the full version here:Financial Gazette, Paper edition: 02/2022
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