Currently, there are 4.3 million enterprises and 602,000 enterprises in Poland. companies - according to the Central Statistical Office. The number of active actions in February 2023 is up 3.5 percent. compared to the state before the pandemic, i.e. from January 2020
In the fourth quarter of 2022, the share of individuals in the organization of entrepreneurial activity amounted to 80.5%, and in general for 2022 - 83.8%. general activity. Limited liability companies accounted for as much as 17 percent. of all accepted activities in the fourth quarter, and for the whole of last year - 13.8 percent.
Biggest decline in gastronomy company registrations
– The largest decline in company registrations in the fourth quarter of 2022 compared to the fourth quarter of 2021 was recorded in three sectors: accommodation and gastronomy (by 22.6%), industry (by 13.1%) and construction (by 12.2%) percent) . A significant increase in the number of registrations occurred in the field of information and communications - by 33.2 percent. – says Piotr Yushchik, chief tax consultant inFakt.
As for the legal form of the company, in the 4th quarter of 2022, the largest decrease in registration occurred in joint-stock companies (45%), and the largest increase, as much as 3.5 times, in the case of cooperatives.
Which industries suffer from inflation?
There were more company bankruptcies in the fourth quarter of 2022 than in the fourth quarter of 2021. Then 112 companies announced this, and for the same period of 2021 there were 87 of them. Thus, the growth was 28.7 percent.
Taking into account the form of activity, the largest number of bankruptcies was registered in limited liability companies - 72.3 percent. (in the fourth quarter of 2021 it was 57.5 percent) and 12.5 percent. individuals engaged in entrepreneurial activities (compared to 21.8% in the fourth quarter of 2021). But for the whole of 2022, 349 bankruptcies of enterprises were recorded, i.e. by 7.2 percent. less than in 2021 (then it was 376).
As you can see, inflation hit the catering and hospitality industries the hardest, with the same number of bankruptcies registered in the fourth quarter of 2022 as in the fourth quarter of 2021. The number of bankruptcies in both quarters was 3. However, in general for 2022 - 11, and in 2021 - as many as 24. Energy and gas prices certainly influenced further bankruptcies. Especially the latter raw material has become a significant burden for entrepreneurs. However, for the time being, entrepreneurs can take advantage of the price freeze.
In turn, the largest increase in the number of bankruptcies was recorded in:
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car trade and repair (29 vs. 20),
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industry (34 vs. 27),
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information and communication (6 vs. 1),
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construction (14 vs. 9).
Particular attention should be paid to industry and construction. Both of these industries are seeing a slowdown not only in the form of fewer activities, but also fewer building permits issued and new facilities under construction. In my opinion, the risk of rising prices for residential premises in the future is high. If housing programs are implemented and credit becomes more affordable, demand could increase significantly, and supply, unfortunately, will decrease. This may drive prices up. It is necessary to take measures to balance this state of affairs and, first of all, to stimulate the construction industry.
Source: Wprost
I am George Brown, author at Daily News Hack. I mostly cover economy news and I have been doing this for quite some time now. I have a lot of experience in this field and I’m always looking for new opportunities to learn more.
