Polish Firms Pass on Energy Price Increases to Customers
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.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
EC Calls on Hungary to Comply With CJEU Ruling on Asylum See...
Poland Retail Sales Growth Stable in March
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
