In the opinion of an expert of the Employers of Poland, Jacek Brzozowski, despite the signs of economic recovery, the year 2013 may prove to be difficult for Polish enterprises.
The data concerning the number of business entities declaring their bankruptcy for July 2013 once again showed that the enterprise sector is still feeling the effects of the economic slowdown. In July, as many as 94 companies declared their bankruptcy. It is about 34.3 percent more than in July 2012, and 10.6 percent more than in June 2013. In the first half year there were 424 of them in total - the highest in seven years.
- The fact that a large part of the bankrupt companies came from the manufacturing sector shows that we still feel the effects of the reduction of capital investment - both in the public and private sectors – says the expert of the Employers of Poland.
It is also worth bearing in mind that companies are often able to go through the first period of difficulties, using reserves or implementing cost cutting programs. However, it is the slowdown lasting for a period longer than a year that becomes a real test for the companies - and we are dealing with such a situation right now.