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Out of all the postulates that were announced at the party convention of Law and Justice (Prawo i Sprawiedliwość) last Saturday, the announcement to make the amount of social security contributions for entrepreneurs depend on their income raised the biggest concern. This would entail a surge in burdens for an enormous number of entrepreneurs in Poland, including relatively well-paid freelancers and other representatives of the still weak middle class.

Busometr Index: First symptoms of an economic downturn among entrepreneurs: the worst ever disposition towards investment, further optimism on the labour market

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 Employer on the new authorities of the European Union: the biggest challenges from the point of view of the Polish economy are issues related to social affairs, the climate, and the future of the community

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.

Speech by Cezary Kaźmierczak, the President of the Union of Entrepreneurs and Employers, at a panel during the Program Congress of the United Right in Katowice, 5-7 July 2019

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.
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