The overall business climate indicators of micro and small enterprises rose by 4pps y/y to 94pts in 2013 and was just 1pt below its all-time highest level reported in 2010, according to a survey carried out by UniCredit's Bank Pekao SA among 7 thousand enterprises.
Pekao SA stressed that the assessment of conditions of running a business reached the highest level in 2013 of all four editions of the survey. The only component to report a decline was in the level of employment, while the most significant improvements were noted in terms of the assessment of the overall economic situation, firms' financial standings, revenues and financial results.
The most optimistic views were presented by enterprises from the services sector, a significant improvement was noted in the construction segment, while the lowest grades were given by retailers. The most stable situation was noted in the case of the manufacturing industries, the lender also said.
In 2013, 7% of the polled micro firms and 24% of small firms exported their products. Also, 73% of them said they intend to broaden their exports activities. The main exports market is Germany (56% of exporters sent their products to this neighbour of Poland), followed by Britain, Ireland and the Scandinavian countries.
Related Articles
Kazakhstan’s Freedom fintech sets out to emulate and exceed Revolut in Europe
Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
Poland’s BGK to begin operations in Ukraine under new cooperation deal
Polish state development bank BGK will launch operations in Ukraine following the signing of a cooperation agreement between the two countries’ economic ministries, reported Ukraine Business News. ... ... more