Polish Firms Pass on Energy Price Increases to Customers

Residential

Photo by ratmaner/Shutterstock.com

For most small and medium-sized companies (SMEs) in Poland, the first reaction to a significant increase in energy prices is to pass the costs on to customers, a study by the ING Bank Śląski shows.

According to the study, titled "Reaction of Polish business to the energy shock 2022 - price rises, cost cuts, and green investments", only 36% of the SMEs are making or planning 'green' investments, that could significantly reduce their costs, wrote the Warsaw Business Journal. 

A third of the companies surveyed by the bank expect the cost of energy fuels to increase by 30-50% over the next 12 months.

A fifth assumes costs will rise by up to 50-80%. As many as 69% of companies surveyed are concerned about access to fuel and energy. 

ADVERTISEMENT

Voluntary Pension Fund Contributions Climb 20% in Q1-Q3 Figures

Voluntary Pension Fund Contributions Climb 20% in Q1-Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Higher Sugar Prices Raising Holiday Candy Costs Retail

Higher Sugar Prices Raising Holiday Candy Costs

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.