Polish companies are positive when it comes to the year 2024
Almost 1/3 of Polish companies expect an improvement in business operations in 2024. This is an increase of 5 percentage points compared to last year.
Coface’s Payments in Poland 2023 report surveyed 341 small, medium and large companies, representing 3 main sectors of the economy, i.e. manufacturing, trade and services. 31.4% of them expect a better situation in 2024 (up from 26.4% compared to 2023). 50.1% do not expect any changes in their business (down 4.4%). 18.5% (compared to 19.1% in 2023) believe that the situation will worsen (down 0.6%).
These are not the only positive conclusions that can be drawn from reading the report. The deadline for paying invoices has been reduced by 3.8 days (from 46.2 days in 2022 to 42.4 in 2023). The average hypothetical delays in payments have decreased by 3 days (48.7 days vs. 51.8 in 2022). Thus, the result came close to the level of 2020 (48.0 days), although last year did not abound in such a wide range of support for maintaining financial liquidity.
The report also points to the biggest threats expected by Polish entrepreneurs. First and foremost that is limited domestic and foreign demand (44%), taxes and other fiscal fees (41%) and too much competition (40%).
The report also shows that companies in Poland have adapted to doing business in the new geopolitical situation (war in Ukraine). However, they are still suffering from the economic and business consequences.
Source: Wprost, Coface report
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NERANO GROUP SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
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NERANO GROUP SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Baked goods and sugar confectioneryCereals and products of the milling industryOther food productsShow allShow more Show lessWe are the owner of JERRY brand gluten-free, allergen-free breakfast cereals. We also offer gluten-free, allergen-free Choco Balls with no added sugar. Our products are available in over 20 countries. They are high quality and simply delicious!
XTON SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Industrial machinery and mechanical appliances and parts thereofOther instruments and apparatusShow allShow more Show lessXTON is a Polish manufacturer of professional equipment for the automotive and industrial sectors. The company specializes in DPF cleaning machines, high-pressure cabin washers, automatic basket washers, slovent based washers and sandblasters. Known for innovation and quality, XTON exports advanced, ISO-certified solutions to numerous European markets.
PM ECOLOGY SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Measuring instruments and apparatus and parts thereofElectromechanical appliances and parts thereofShow allShow more Show lessPM ECOLOGY is an innovative company specializing in automatic environmental measurements and climate change monitoring. We deliver data for water, wastewater, and weather experts to protect life and infrastructure. We design and implement monitoring systems for weather, water, air, and sewage, combining measuring devices with IT tools for data analysis. Our ultra-efficient, battery-powered devices work for years without recharging. Experienced teams install and service systems on site.
"PROGRESS HOLDING" SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Business servicesShow allShow more Show lessProgress Holding has been providing professional accounting and business support services in Poland since 2004. We specialize in assisting foreign entrepreneurs with company registration, bookkeeping, tax compliance, payroll, and financial advisory. Our multilingual team of English- and Russian-speaking accountants ensures smooth communication and reliable service for international clients.
