Bakeries and confectioneries increasingly in debt

Bakeries and confectioneries increasingly in debt

Debts of confectioneries and bakeries already in the past year increased by almost 60 percent. It results from the data of BIG Info Monitor and Biuro Informacji Kredytowej.

Entrepreneurs operating in this industry have to deal with gas bill increases of up to 600 percent. Energy bills rose by over 300 percent. On top of that, there are higher prices of raw materials necessary to bake bread and cakes. There are also higher labour and transport costs. Last year already brought a significant jump in the debt of the bakery and confectionery industry. It was significantly higher than in previous years. The arrears of bakery and fresh pastry producers increased from PLN 118.1 million at the end of 2020 to over PLN 187.5 million in 2021. This is an increase of almost 59 per cent. (PLN 69.4m). For comparison, the debt of all companies was higher by over 11% in the past year. However, the companies dealing with retail sales of bread and cakes recorded an improvement in settling their liabilities.

According to Sławomir Grzelczak, president of BIG Info Monitor, small companies in particular suffer from numerous price rises. In their case production costs are much higher than in the case of big entities. The bills alone will increase by tens of thousands of zlotys, not to mention the salaries, which are also going up.

Source: https://www.pb.pl/dlugi-branzy-piekarniczo-cukierniczej-wzrosly-do-ponad-187-mln-zl-1142071

 

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