Polish companies confirm better access to financing in 2021

Analysis

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The percentage of Polish investing companies has not changed since 2020. In 2021, on the other hand, entrepreneurs were more optimistic about planning and implementing their activities, more companies (80%) expect an increase in investments, wrote the Warsaw Business Journal.

Compared to the results of the study, called 'EIB Investment Survey 2020' (EIBIS 2020), outlays on investments in fixed assets have increased 49% in 2021 (vs. 45% by 2020).

This percentage is close to the European Union average (50%). Nevertheless, Poland remains among the EU countries with the lowest level of investments in intangible assets. COVID-19 has hit corporate sales, with 42% of businesses experiencing a decline in sales. This is twice as much as the companies that recorded an increase (22%).

COVID-19 also had an impact on investment plans, as a third of companies (32%) reduced their investment plans and only 3% of companies increased their investments during the most difficult period.

When asked about short-term COVID-19 activities, entrepreneurs emphasized the importance of digitization, and a third of companies (35%) confirmed that they had invested in digital solutions. Meanwhile, the conditions of access to financing in Poland are improving. Only 8% of enterprises feel limited access to financing, which is a better result compared to EIBIS 2020 (12%).

For the first time in the history of the survey, this figure is below 10%. Most of the companies using external financing are satisfied with the conditions that have been offered to them. The main reason for dissatisfaction is the security requirements (9%).

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