Poland is threatened by a wave of company bankruptcies

Poland is threatened by a wave of company bankruptcies

Entrepreneurs struggling with energy price increases of several hundred percent are appealing to the government for help. If they don’t get it, they may not survive.

An increasing number of entrepreneurs are appealing to the government for help with the rising prices of energy and its carriers. They are currently at such high levels that they threaten the continued operation of many businesses. The problem includes food processing, laundries, services and many other sectors. According to the Federation of Polish Entrepreneurs (FPP), without government intervention, companies will go bankrupt en masse.

Intervention to reduce rising energy prices and structural reform of the energy market has been announced by Ursula von der Leyen, president of the European Commission.  The Polish government is also working on proposals to mitigate the effects of rising gas prices on nitrogen plants, bakeries or the meat industry.

FPP urges that assistance to companies should be broad and not limited to specific sectors. On average, companies are facing energy cost increases of 400 percent compared to last year. Some are facing energy costs as much as 800 percent higher. Under such conditions, bankruptcies, loss of competitiveness of our companies and also passing on cost increases to consumers are to be expected.

Source: https://serwisy.gazetaprawna.pl/energetyka/artykuly/8526356,unia-reforma-cen-energii.html

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