Polish Firms Pass on Energy Price Increases to Customers
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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.
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