The cost of payment backlogs is not limited to the cost of maintaining the liquidity of the company. In addition to the interest on bank loans, one should also take into account all the additional costs associated with the monitoring of payments from contractors, chasing late payments, and growing risks caused by the delays.
At the beginning of September, the representatives of the biggest Polish trade union “Solidarity” submitted in the Polish parliament a policy proposal to ban Sunday trading. This proposal, signed by hundreds of thousands of Poles, became a trigger for a public discussion on potential effects of this regulation.
Polish economy needs less regulation and more investment, which has been noticed even in the speeches of Deputy Prime Minister Mateusz Morawiecki. Therefore, Law and Justice’s policy regarding pharmacies is in contradiction to the Polish government’s declarations and plans to promote higher economic growth.
The EC’s decision to start an in-depth investigation into Poland’s tax on the retail sector is undoubtedly right as this additional tax imposed on large stores is unjustified and harmful. It should be up to a consumer’s individual choice where to go shopping.
Although Mateusz Morawiecki (Deputy Prime Minister and Minister of Development) often says that his plan would be based on the idea of both governmental and private saving and investing, the programme itself shows quite the opposite: the government just wants to spend money immediately on certain investments and branches.
Economic slowdowns are always challenging for the state authorities. Expenditure cuts and search for new sources of income often lead to imperfect policy changes. In 2012, KGHM became a victim of a government’s hunt. As a result, the company was forced to pay a new silver and copper extraction tax.
Taking a loan in a foreign currency puts both borrowers and banks at risk. At the time of signing the contract, both providers and takers neglected the possible weakening of Polish zloty, believing in its further strengthening. Besides the fact that one can easily learn about it from various sources, the majority of borrowers knew that such a danger exists.
“Inequality” refers to very important aspects of social life. But the debate on equality is full of confusion because of its many meanings, methodological and empirical errors and very strong emotions which “inequality” evokes. Conceptual confusion includes the lack of precise distinction between the inequality of situation and the inequality of opportunity.
As for the parliamentary elections, I felt much more uncertain. Like many others, I took the possibility of a coalition around the Law and Justice Party into account. In this variant, the president’s office in the hands of Komorowski became strategically important to prevent various anti-reforms (e.g. lowering the retirement age). I also did not rule out a weak coalition around the Civic Platform.
Is a ghost airport a symbol of economic nonsense or financial mismanagement? These terms have been used to describe Radom-Sadków Airport located in Central Poland. In the last few years, the investment of the city local authorities has become a jeering synonym of wastefulness and megalomania of Polish public sector.