The Polish economy is booming - are you sure?
Author: Tomasz Bar
In recent weeks two reports have been published on the position of Poland in the international arena. The first of these, published by Transparency International, deals with corruption in the countries surveyed.
Do we have reason to be happy?
Probably not. Although in the TI ranking we advanced to 61 place on the list of 163 countries, we are far from the top. We are the lowest listed country in the EU.
Corruption is a problem that Poland has been struggling with for years. To fight it, it is not enough to set up a Central Anti-Corruption Bureau (CBA), but to change many bills that lead to corruption due to unclear and complicated provisions.
Business climate
The second document recently released was the World Bank report - "Doing Business" presenting the investment climate prevailing in individual countries.
And here Poland did not do very well, taking a distant 75 place in 175 countries.
With such a picture of Poland, in the eyes of investors, the inflow of foreign investment can still be considered significant. The only question is what would it be if Poland was not on 75, but on the 15th place in the abovementioned list.
Let's take a closer look at the basic economic indicators:
GDP 5.2%, inflation 1.2%, unemployment 15%, the budget deficit was kept in check and did not exceed PLN 30 billion despite attempts to increase spending. WSE indices break new records. We have the highest inflow of foreign investments for several years. There is a chance to get as much as USD 10 billion in this respect. The zloty remains strong, interest rates are at a relatively low level.
What more could you want?
Reading the above data, the average observer will certainly think that it is good and even very good.
Yes, today it is, but will it always be like that?
Threats may appear faster than you might expect.
The current government is doing nothing to maintain favorable economic conditions, and is overeating on its fruits. As soon as economic growth drops significantly, problems comparable to the snowball effect will begin.
The budget revenues will decrease and the borrowing needs of the state will increase with them.
In order to sell further bond issues, interest rate increases will be necessary.
Credit servicing costs will increase, which will hit companies.
The budget deficit, which is already tight today, is saved by increases, among others excise duties on fuel and cigarettes.
The WSE is happily becoming more and more resistant to the political and economic situation. More and more companies export their goods, which makes them largely independent of domestic demand.
Poor, however, is a consolation for the statistical Kowalski, because the stock market invests per mil of Poles.
The average citizen wants to feel an improvement in their situation. Bills that he must pay appeal to him, and these will be higher from year to year. Electricity is expected to increase in price since 2007, as Poland as an EU member must level prices. Interestingly, according to EU rates, electricity in Poland is cheap and significant increases should be expected in the coming years.
Time is running out, and the government does little to secure the economy for worse times.
In the United States, the saying made a sensation during Bill Clinton's term
"Economy, stupid" which meant that you must not forget about the economy.
Let such forgetfulness not touch Poland.
Time for reforms
Major reforms await many sectors of the Polish economy. Without them, in a few years many companies will be on the verge of bankruptcy. Trade unions' protests and demand for increases will not help. Failure to reform will be reflected in hiccups. In the era of globalization and the powerful competition of international concerns, Polish companies have no chance.
The protection periods resulting from accession to the EU will end soon. The postal industry, which is already nibbled by Western companies today, will feel the first. The same will happen with the energy industry. The entry of western giants will shake Polish companies, dispersed, inefficient and tarnished demands for employment guarantees.
Such a fairly black picture of the future, at least in several industries, is confirmed by research carried out by AT Kearney under the title "Economy Growth Strategy".
Traces of expansion of Western companies can be seen with the naked eye. LOT Polish Airlines is losing the battle with foreign carriers every year losing market share. Energy companies CEZ and Vattenfall are entering Poland. This can be called the construction of abutments for their further expansion.
Let's not hope that apart from becoming dependent on Russian oil and gas, we will be dependent on prices dictated by energy and other companies. It is increasingly said that Polish motorways will build foreign companies. In western Poland, fittings are being set up to launch a private railway in which Germany has shares. It certainly won't end there.
Facilitation for companies
The next months of the new government's work are passing by, and entrepreneurs are waiting for legal solutions that could facilitate their functioning. they promised
niedziela, 17 listopada 2019
The government is preparing another tribute to us.
The government is preparing another tribute to us.
Author: Tomasz Bar
It is known for a long time that hospitals must have funds for the treatment of victims.
The only question is why again at the expense of motorists? After all, the civil liability insurance premium is intended for the above purposes.
Why nearly 14 million car owners have to endure another camouflaged tax?
Is it because they are the best social group that you can reach into your pocket with impunity?
It is already known that from January 1, 2007 excise tax on fuel will go up by 25 grosze per liter.
However, this is not enough for you.
The scale of possible OC increases can freeze many a 4-wheel holder.
According to the Polish Chamber of Insurance, if the amendment to the Health Services Act comes into force, the cost of insurance may increase by up to 30%.
Why such a raise?
In its intention, the Ministry wants to impose on insurers an obligation to transfer 20% of contributions to the special treatment fund for victims in the National Health Funds.
It is not difficult to guess that insurance companies will lose losses incurred in this respect to customers, which will result in a rise in insurance prices. In addition, there will be costs of transferring money to the NFZ.
The idea of a cheap state has been forgotten, and the money in the budget is scarce.
I wonder why this unpleasant surprise hit drivers.
Why the government, wanting to please all voter groups in such a way, forgot about such a large, after all, group of several million.
There are more motorists than retirees and pensioners who bravely defend their rights by demanding ever higher benefits and their valorisation. You can't move them so you have to look elsewhere.
I hope that the idea of charging drivers additional costs will be challenged.
Forcing insurers to pay 20% of premiums for a special purpose is nothing more than another tax, only that introduced through a side door.
Why is the state doing so little about drunk drivers who cause these accidents?
Most of them drive under the influence of alcohol with impunity, and the punishments imposed by the courts are usually ridiculous compared to the danger posed by those drivers on the road.
Why are there no drastic penalties for them?
It is in the form of significant increases in OC rates.
Perhaps because it is easier and faster to increase rates obligatorily than to punish individual perpetrators.
For now, the Polish Insurance Association plans to challenge the idea of the Ministry of Health as unconstitutional. Maybe you can prevent or even reduce them.
However, the ideas of looking for money to cover shortages in the state coffers are dangerous.
Observing the actions of the government, you can be almost certain that instead of reforms and savings, once again there will be ideas to reach into the pockets of various social groups.
Licensed articles are provided by Artelis.pl.
serial number: 5dd23d8b-df18-4981-8483-04954d5fedd2
Author: Tomasz Bar
It is known for a long time that hospitals must have funds for the treatment of victims.
The only question is why again at the expense of motorists? After all, the civil liability insurance premium is intended for the above purposes.
Why nearly 14 million car owners have to endure another camouflaged tax?
Is it because they are the best social group that you can reach into your pocket with impunity?
It is already known that from January 1, 2007 excise tax on fuel will go up by 25 grosze per liter.
However, this is not enough for you.
The scale of possible OC increases can freeze many a 4-wheel holder.
According to the Polish Chamber of Insurance, if the amendment to the Health Services Act comes into force, the cost of insurance may increase by up to 30%.
Why such a raise?
In its intention, the Ministry wants to impose on insurers an obligation to transfer 20% of contributions to the special treatment fund for victims in the National Health Funds.
It is not difficult to guess that insurance companies will lose losses incurred in this respect to customers, which will result in a rise in insurance prices. In addition, there will be costs of transferring money to the NFZ.
The idea of a cheap state has been forgotten, and the money in the budget is scarce.
I wonder why this unpleasant surprise hit drivers.
Why the government, wanting to please all voter groups in such a way, forgot about such a large, after all, group of several million.
There are more motorists than retirees and pensioners who bravely defend their rights by demanding ever higher benefits and their valorisation. You can't move them so you have to look elsewhere.
I hope that the idea of charging drivers additional costs will be challenged.
Forcing insurers to pay 20% of premiums for a special purpose is nothing more than another tax, only that introduced through a side door.
Why is the state doing so little about drunk drivers who cause these accidents?
Most of them drive under the influence of alcohol with impunity, and the punishments imposed by the courts are usually ridiculous compared to the danger posed by those drivers on the road.
Why are there no drastic penalties for them?
It is in the form of significant increases in OC rates.
Perhaps because it is easier and faster to increase rates obligatorily than to punish individual perpetrators.
For now, the Polish Insurance Association plans to challenge the idea of the Ministry of Health as unconstitutional. Maybe you can prevent or even reduce them.
However, the ideas of looking for money to cover shortages in the state coffers are dangerous.
Observing the actions of the government, you can be almost certain that instead of reforms and savings, once again there will be ideas to reach into the pockets of various social groups.
Licensed articles are provided by Artelis.pl.
serial number: 5dd23d8b-df18-4981-8483-04954d5fedd2
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