The index measuring entrepreneurs’ mood “Busometr” for the second half of 2019 amounted to 48.8 points (a decrease from 55.6 points in the previous half-year), which means that Polish entrepreneurs’ mood is deteriorating. There is still optimistic sentiment in the labour market segment of the index (57.1 points), but we have a complete decline in investments – 35.4. This is the lowest ever result in the history of the survey (since 2011) carried out by the Union of Entrepreneurs and Employers among entrepreneurs from the small and medium-sized enterprises sector.

The Union of Entrepreneurs and Employers published a memorandum of its Representation in Brussels on the greatest threats and opportunities for the Polish economy resulting from the election of new authorities of institutions of the European Union. Therein the Union identifies key challenges and proposes specific recommendations for Poland.

The Polish economy is at a crossroads. The hitherto forces behind our country’s development were, in simplified terms, (1) low costs, mainly low labour costs and (2) operational intelligence and motivation of Polish entrepreneurs. Low labour costs are already a thing of the past – Poles earn more than the Greeks and Portuguese, we are soon to surpass other countries too. The remaining attributes, however, we can still consider our competitive advantages.

We are pleased to announce that on 18th June 2019, the Union of Entrepreneurs and Employers signed an agreement on cooperation with the Forum of Polish Entrepreneurship “Korona”. The Forum’s registered seat in located in Vilnius.

On 5th June 2019, a social campaign was launched under the title Well Governed Poland. This is yet another undertaking of the Union of Entrepreneurs and Employers, within which the demands are raised to improve the relations between officials and citizens and entrepreneurs as well as to increase the efficiency of administration.

Considering the significance of legal changes of very significant economic importance that were presented in the National Financial Plan for 2019-2022, the Union of Entrepreneurs and Employers as a representative organisation of employers, expressing concern for the state of public finances, as well as the country’s stable economic growth, publishes the following position relating to key actions to be undertaken that were announced in the document.