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The single market is one of the greatest achievements of the European Union. Nevertheless, independent studies conducted by the European Commission and the Union of Entrepreneurs and Employers show that protectionism is a serious problem affecting the majority of entrepreneurs and hindering the development of the single market. Elimination of existing barriers could attract an additional €17 billion of investment per year and generate another 1.3 million jobs – keys to restoring the competitiveness of the European economy in the aftermath of the pandemic…
Memorandum of the Union of Entrepreneurs and Employers on the impact of restrictions on coronavirus transmission: opening the economy is associated with a moderate risk of increase in the number of infections
In this document, we summarise the results of two independent studies that look at the effectiveness of government restrictions on reducing coronavirus transmissions. These studies show that among the non-pharmaceutical interventions used, the ban on public gatherings of more than ten people and the closure of schools both have the greatest impact on reducing the number of cases. Meanwhile, the impact of restrictions on economic activity, such as food catering industry or services, is limited…
Trade tax was to level the playing field, but in the electronics/household appliances industry, only Polish companies will pay it
The trade tax had two goals: to level the playing field in terms of competition between smaller and larger companies, and to indirectly counteract the expansion of foreign retail chains in Poland. In practice, however, in the electronics and household appliances industry, only Polish companies will pay this tax. Their biggest competitor, the German corporation Media Markt, divided its stores into separate companies and will not pay a penny. This proves that the trade tax will not only fail to achieve the goals intended by the legislator, but will also be a burden to domestic enterprises, thus worsening their position on the market…
Commentary by the Union of Entrepreneurs and Employers: Either we re-open the economy after 17th January, or the crisis spreads to all sectors
The prolonged lockdown and further restrictions may lead to a real economic collapse. On the macro scale, Poland copes relatively well with the economic effects of the epidemic, but a number of industries – those currently subject to special rigors or a complete ban on operations – are in an extremely difficult situation. Maintaining the currently enforced restrictions after 17th January 2021 is associated with the risk of a wave of bankruptcies in the sectors covered by those restrictions and the spread of the crisis also to related sectors…