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While the number of consumer loans granted by banks and companies specialising in loans is declining, and the government is tightening regulations for the financial industry, the pawnshop sector is booming. According to the first ever report on pawnshops in Poland by the Union of Entrepreneurs and Employers: although pawnshops provide cash loans against a pledge, they are circumventing the provisions of the Consumer Credit Act…

EESC Activities Report no. 3/21

Marcin Nowacki, President of the European Enterprise Alliance and Vice-President of the Union of Entrepreneurs and Employers, and Tomasz Wróblewski, President of the Warsaw Enterprise Institute, are members of the European Economic and Social Committee (EESC), an EU advisory body which represents employers’ and employees’ organisations in the EU lawmaking process. We present a summary of their activities in March 2021…

European minimum wage – smothering the EU economy at a key moment in overcoming the crisis

The Directive on adequate minimum wages in the European Union will have detrimental effects on the European labour market and economy. Furthermore, the directive may worsen the situation of the most vulnerable workers, make it more difficult for the EU to recover from the ongoing crisis, and disrupt well-functioning collective bargaining systems. These are the main reasons why the Union of Entrepreneurs and Employers, together with SME Connect and the European Enterprise Alliance, co-hosted a Round Table on the European Minimum Wage on 23rd April…

Digital Markets Act Round Table by the Union of Entrepreneurs and Employers: how to make the DMA a “scalpel” and not a “road roller”?

The Digital Markets Act is a proposal presented by the European Commission for a regulation imposing additional restrictions, obligations, and bans on a group of digital companies referred to in the DMA as “gatekeepers”. Participants of the round table hosted by the Union of Entrepreneurs and Employers, which took place on Thursday, 8th April 2021, discussed the Polish government’s position regarding the regulation, the challenges related to its possible future application, as well as the doubts related to its practical effects…
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