Relief for micro-enterprises on the horizon
Relief for micro-enterprises on the horizon InfoCredit Business Activity Index In the first quarter of this year, 147.4 thousand businesses were closed and suspended, and 120.6 thousand were opened and resumed.The InfoCredit micro-entrepreneurship index calculated quarterly is worth -26.8 thousand points, more or less the same as a year ago. After a rather weak January and February, the situation improved slightly in March. The IC index calculated monthly came out positive. It is higher than a year ago. What next? It depends on many factors. First of all, on the economic situation, but mainly on the costs of running a business. No changes in business activities. The first quarter did not bring any breakthrough despite the announcements of certain reliefs for micro-entrepreneurs. This means that we still closed and suspended more businesses than we opened and resumed. The improvement in the situation in March is a good sign. Whether this was just a one-off slight rebound or maybe something more, we will find out in the coming months. If we take into account the entire first quarter, there is no sign of any recovery so far. There are still significantly more businesses being closed and suspended than new and reopened businesses. The IC index after the first quarter of 2024 is worth about as much as after the first quarter of 2023, i.e. -26.8 thousand points compared to -27.7 thousand points a year ago. The situation improved slightly in March. The IC index calculated monthly grew each month (-22 thousand points in January 2024, -5.94 thousand in February and +1.1 points in March). It is currently higher than a year ago. However, this is not a significant jump that could indicate a change in mood among small entrepreneurs. After March 2023, it was worth -925 points. The rising costs of operating from year to year certainly do not improve moods. The situation of small entrepreneurs and self-employed, especially those who settle on a scale, could be significantly improved by increasing the tax-free amount to PLN 60 thousand. PLN. However, this decision is moving away rather than getting closer. Currently, it is looming somewhere on the horizon. It is certain that this will not be the year. And will it be 2025? That remains to be seen. A certain relief may be the ZUS holiday. We already know that a micro-entrepreneur will be able to choose any month once a year in which they will not have to pay ZUS, Labor Fund and Solidarity Fund contributions. And this regardless of the form of settlement. Better safe than sorry… Can the ZUS holiday affect the growth of new and suspended businesses? We will find out in the coming quarters. One thing is certain. Those who carry out activities on behalf of their former employers will not be able to take advantage of the relief. Therefore, pushing them into self-employment will not affect the statistics for now. Another thing that weighs heavily on entrepreneurs running a business is the non-deductible health insurance contribution. And certainly the absurdity of paying this contribution in the event of selling a car. The Polish order has made the income from the sale of a fixed asset part of the basis for calculating the contribution. This absurdity is to disappear. We keep our fingers crossed. InfoCredit Business Activity Index Our business activity index shows the ratio of new and resumed businesses to closed and suspended businesses. When the index is positive, it means that more businesses were established and re-established than were suspended and closed. The higher the index value, the greater the tendency to open small businesses. When the index indicates values below zero, it means a retreat from this form of business activity. The more the index is negative, the more small entrepreneurs withdraw from business (definitely or temporarily). We publish the index on a quarterly basis (after each quarter) and monthly basis. Potrzebujesz wyceny lub zamówienia? Napisz do nas bok@inocredit.pl
Microbusiness says: pass
Microbusiness says: pass InfoCredit Business Activity Index In 2023, 372.5 thousand businesses were suspended. This is definitely more than in 2022, which was already a record low. Last year, as many as 198.2 thousand businesses were closed – the most since 2014. The InfoCredit Business Activity Index fell to its lowest point on a quarterly basis since we started counting it (January 2018).In total, there were almost 571 thousand suspended and closed businesses in 2023, and 479.5 thousand new and resumed businesses. Exactly what we expected happened. And we are not proud of it. In October, we wrote that if Polish micro-entrepreneurs were to suspend their businesses at the same pace as they had been doing up until September, the record would be broken. And it would be broken by a lot. And it was broken. In 2023, 372.5 thousand businesses were suspended. A year earlier, 347.4 thousand. The fact that 198.2 thousand businesses were closed is also very worrying. This is the worst result since 2014. The advantage of suspended and closed businesses over new and reopened businesses has increased even more. The result – the InfoCredit index, calculated quarterly, is the lowest in history. What’s going on? Nothing new. The cost of running a business on your own has been constantly growing for over 2 years. Because that’s how long we’ve been dealing with high inflation. Let’s recall – we had this problem in Poland long before the outbreak of the war in Ukraine. In January 2022, inflation was 9.2 percent y/y (minimum wage in 2022 was PLN 3,010 gross, hourly rate 19.70). And then it only got more expensive. Price increases mean higher business costs, greater employee pressure for pay rises (which is hardly surprising given the record low unemployment rate), an increase in the minimum wage and other wages. And consequently, an increase in ZUS contributions and burdens on businesses. In the meantime, entrepreneurs (and not only them) received a gift in the form of the Polish Deal (we deliberately write with a small one), i.e. an additional burden in the form of a non-deductible health insurance contribution. The disturbing trend of an increase in suspended and closed businesses began in mid-2021, right after the announcement of the assumptions of the Polish Deal. And it accelerated significantly after the Polish Deal was implemented. What now? We don’t have good news. Entrepreneurs welcomed the new year, and with it, more burdens. The ZUS contribution is now PLN 1,600.27 compared to PLN 1,418.48 in 2023. Can’t you do it alone? Do you employ? The minimum wage is already PLN 4,242 gross, and it was PLN 3,600 in 2023 in the second half of the year. The hourly rate is increasing from PLN 23.5 to PLN 27.7. Reliefs? For now, it’s vague. The tax-free amount of PLN 60,000 is not possible for now. ZUS vacation for a month? The bill is there, it is to be submitted to the Sejm by March. A lot can still happen in business until March. For now, one thing is certain – sole proprietorship is becoming less and less attractive compared to… full-time employment. Given the situation on the labor market. InfoCredit Business Activity Index Our business activity index shows the ratio of new and resumed business activities to closed and suspended ones. When the index is positive, it means that more businesses were established and suspended than were suspended and closed. The higher the index value, the greater the propensity to open small businesses. When the index indicates values below zero, it means a retreat from this form of economic activity. The more the index is negative, the more small entrepreneurs withdraw from business (definitely or temporarily). We publish the index on a quarterly basis (after each quarter) and monthly basis. Potrzebujesz wyceny lub zamówienia? Napisz do nas bok@inocredit.pl
EU money: 110,000 companies under scrutiny
EU money: 110,000 companies under scrutiny Obtaining subsidies just for the sake of subsidies will not make your business start spinning on its own. You need to have a business idea and invest in research and development. If you do that, you will develop much more than entities that do not use subsidies – according to the InfoCredit analysis. In 2019-23, almost 110,000 investments and projects were implemented in Poland with the participation of EU funds, for which beneficiaries obtained a total of PLN 103.07 billion. Based on our own databases and information from, among others, the Office of Competition and Consumer Protection and other open sources, we decided to check how Polish companies have used EU funds in recent years and how this has translated into their development. We have analyzed all projects with EU funding, the implementation of which began after 1 January 2019. We have taken into account only EU funds. In total, we have analyzed 110,000 entities. According to InfoCredit statistics, the largest beneficiaries of EU funds were public administration and national defense, as well as compulsory social insurance (32.2 thousand completed projects), industrial processing (13.6 thousand), consortia consisting of several entities from different sectors (7.5 thousand), education (6.9 thousand), entities conducting scientific and technical activities (6.8 thousand), financial and insurance activities (6.1 thousand), other service activities (5.7 thousand), as well as entities from the healthcare sector (5.4 thousand) and information and communication (3.9 thousand). At the bottom of the list is mining and quarrying, which implemented only 169 projects with the participation of EU funds. This sector, on the other hand, was distinguished by the most efficient use of these funds. Here, the profitability of companies using subsidies increased the most compared to entities that did not use them – by 6.5 percentage points. For example, on a national scale, the difference was 1.1 percentage points. In terms of numbers, the largest number of projects was implemented under two regional programs: for the Warmian-Masurian Voivodeship (over 17 thousand) and the Wielkopolska Voivodeship (11.2 thousand). In terms of the amount of funding, the most popular were: the Smart Growth Operational Program, from which Polish companies obtained over PLN 24.6 billion, the Knowledge Education Development Operational Program (PLN 11.4 billion) and the Infrastructure and Environment Operational Program (over PLN 9.4 billion). The most active in obtaining EU funds were companies from the Silesian Voivodeship, which received a total of PLN 9.9 billion for the implementation of almost 8.5 thousand projects. Next came companies from Małopolska (PLN 7.9 billion) and the Łódź province (PLN 6.6 billion). In terms of numbers, the largest number of projects with EU funding were implemented by companies in the Warmian-Masurian province (almost 18 thousand), the Wielkopolska province (13 thousand) and the Łódź province (10.8 thousand). The largest number of projects implemented by beneficiaries concerned promoting social inclusion, combating poverty and discrimination (almost 30.9 thousand) and strengthening the competitiveness of SMEs (over 27.2 thousand). In turn, the largest amount of funding (over PLN 18.1 billion in total) went to companies for activities related to strengthening scientific research, technological development and innovation. Analyzing the data of around 110,000 companies that have obtained EU funding, it is clear that their revenues and profitability have increased compared to those that have not received it. A good example here is the wholesale trade industry. Thanks to EU funds, companies in this sector recorded twice the increase in revenues in 2018-2021 compared to entities that did not receive funding. On the other hand, statistics show that companies that did not apply for EU funds are also doing well. This means that aid funds are not necessary to function quite well in competitive conditions. Of course, if the company is well managed. Our analysis shows that wholesale and retail trade, as well as vehicle repair, are the industries that have benefited the most from EU support. In 2018-2021, companies from these sectors that received EU funds increased their revenues by as much as 55 percent. For comparison, the revenues of companies not using EU support increased by 27 percent in the same period. A similar relationship is also most clearly visible in the healthcare, education, water supply, sewage and waste management sectors, as well as in agriculture and forestry. The most active in terms of the ability to use EU funds to generate new revenues were companies from the West Pomeranian Voivodeship – in this region, the revenues of companies that took advantage of such support increased by 65 percent in 2018-2021. For comparison, the revenues of companies not using EU funds increased by only 16 percent in the same period. In the second-placed Silesian Voivodeship, these indicators were 52 and 25 percent, respectively. Want to order a report? Write to us: infocredit@infocredit.pl Previous newsNext news Need a quote or order? Write to us bok@infocredit.pl
InfoCredit Business Activity Index
InfoCredit Business Activity Index Microbusiness on hold In the first three quarters of 2023, 268.6 thousand businesses were suspended. This is much more than in the same period of 2022 (249.7 thousand) and in 2021 (174.9 thousand). In the third quarter of 2023 alone, 96.3 thousand businesses were suspended, compared to 88.4 thousand a year ago and 72.7 thousand in 2021. The increase in the number of suspensions affected the InfoCredit business activity index. When counted quarterly after September 2023, it dropped significantly to -19,471 points, compared to -9,124 points a year ago and -5,523 points after September 2021. This year, the number of suspended businesses has been growing steadily. There are about as many terminated as in 2022, the first year in which the Polish Deal was in force. And it was still a weak year for micro-entrepreneurs. New and resumed micro-businesses do not compensate for the losses. On the contrary – the imbalance between those in the plus and those in the minus is constantly deepening. In the first three quarters of this year, 368.8 thousand businesses were established and resumed, 412.8 thousand were terminated and closed. It was similar a year ago, but the advantage of the latter was not so significant – 357.3 thousand compared to 393.7 thousand. It is also worth noting that the InfoCredit index after Q3 has never been so low. So we can say that the simplest form of business is experiencing an increasing crisis, and the trend that began to emerge in 2020 is strengthening. Let us recall – in 2022, a total of 347.3 thousand businesses were suspended, which was a record. 193.2 thousand were terminated. activity – the most since 2014. Everything indicates that last year’s inglorious records are at risk. If in the fourth quarter entrepreneurs suspend as many activities as in the third, the result from 2022 will be beaten. There can be only one conclusion – micro-entrepreneurs need support like never before. They have been struggling with crises practically since the beginning of 2020. First with restrictions related to the epidemic, then with the effects of the war in Ukraine, inflation, increased operating costs and now with the burdens related to the Polish Deal. And on the horizon – more burdens. In accordance with the adopted assumptions of the draft state budget for 2024, the average salary will amount to PLN 7,824. This means an increase of as much as 12.8 percent compared to 2023. As a result, the amount of ZUS contributions for companies will increase significantly again. Not to mention the minimum wage. InfoCredit Business Activity Index Our business activity index shows the ratio of new and resumed business activities to closed and suspended ones. When the index is in the positive, it means that more businesses have been established and suspended than suspended and closed. The higher the index value, the greater the tendency to open small businesses. When the index indicates values below zero, it means a retreat from this form of economic activity. The more the index is in the red, the more small entrepreneurs withdraw from business (definitely or temporarily). We publish the index on a quarterly basis (after each quarter) and monthly basis. Potrzebujesz wyceny lub zamówienia? Napisz do nas bok@inocredit.pl
InfoCredit sponsors the album “Urzecze i Wisła”
InfoCredit sponsors the album “Urzecze i Wisła” The album “Urzecze i Wisła” by Wiktor Strumiłło will be released soon. InfoCredit is the patron of the book, as well as the film “Zaginione Urzecze”. The premiere of the album will take place on October 18 at 8:00 p.m., during the exhibition of Wiktor Strumiłło’s photographs in the Warsaw Kinogram at the Norblin Factory. We cordially invite you. Why are we so fond of Urzecze and Vistula? Firstly – ecology. Vistula is a phenomenon on a European scale, the only unregulated large river on our continent. Secondly – Vistula had a huge impact on the economic development of Mazovia and Poland. It was a natural highway for the economy of our country. It was along our largest river that the most important Polish cities were founded, and numerous settlements were also established. Urzecze was farmed by, among others, the Olęders, agricultural innovators who came from Frisia and the Netherlands to the area of today’s Saska Kępa in Warsaw in the 17th century. Thirdly – the founder of InfoCredit, Iwona Surdykowska-Huk, once lived in an original Olęder cottage in Saska Kępa and saw perfectly well how much good the Vistula brought to the region and Poland. And finally – we were enchanted by how much the author of the album, Wiktor Strumiłło, does for Urzecze – camera operator, lighting engineer, licensed small-scale camera operator, photographer by passion, yacht captain, inland navigation helmsman and… lifeguard. Wiktor Strumiłło, among others, took drone shots for Ewa Ewart’s film “To the Last Drop” in 2023. This film won the “Golden Nymph” – Prince Rainier Award for the best documentary film at the 62nd Monte Carlo Television Festival and the 1st prize in the category “Oceans and their protection” at the Deauville Green Awards festival in France. We want to recall the history of the Vistula and Urzecze. That is why in 2020 we decided to support the film “Lost Urzecze”, whose authors are Adam Rogala and Wiktor Strumiłło. Going further, we have collaborated on the publication of an album and exhibition of Wiktor Strumiłło’s photographs at the Coningsby Gallery in London, which will take place from 29 January to 4 February 2024. Potrzebujesz wyceny lub zamówienia? Napisz do nas bok@inocredit.pl
IC index lower than a year ago
IC index lower than a year ago INFOCREDIT ECONOMIC ACTIVITY INDICATOR The second quarter brought a slight increase in activity in economic activities in Poland. The InfoCredit index, describing the ratio of new and resumed microbusinesses to closed and suspended ones, rose slightly. However, it is far from optimistic. The past three months were much weaker than in the years 2019-2022. The index, counted quarterly, was much higher then. In the second quarter of this year, there were more new and resumed economic activities (a total of 131.2 thousand) than closed and suspended ones (127,252). This is a seasonal phenomenon – this usually happens in the period April – June). The closer to the holidays, the more seasonal businesses are opened and resumed. The problem is that in the years 2019-2022 in the second quarter the predominance of new and suspended activities was much greater. In 2019 (the last before the pandemic), our quarterly index was worth +27,815 points). In 2020 (a strong rebound after a weak Q3 due to restrictions) it was worth as much as +47,601 points. Even last year, when entrepreneurs were already feeling the increasing burden (the Polish Deal and inflation caused a retreat from the simplest form of business), the index was at 16,784 points. This year it is only 3,939 points. The same is true for our indicator on a monthly basis. Our index grew from December (then it was worth -26,867 points) to April (then +5,912 points). And this was a normal phenomenon (we usually record the greatest retreat from activity at the turn of the year). The problem is that in May it began to slide again, to take a negative value in June (-3,640 points), which we usually did not record. Usually in June the index is positive. In 2019 it was worth +3,739 points, a year later even +27,920 points (again – a strong rebound after the first months of the epidemic). Even a year ago, after very weak first months (Polish Deal, effects of the war in Ukraine), it was worth +3,575 points. The effect? In the entire first half of 2023, we recorded fewer new and resumed activities than closed and suspended ones. The losses from the first quarter have not been made up for. The data still shows the crisis of the simplest form of running a business. Let us recall – in 2022 (Polish Deal), a total of 347.3 thousand businesses were suspended, which was a record. 193.2 thousand businesses were terminated – the most since 2014. The main reason was unstable tax regulations and rising operating costs. It is difficult to talk about a rebound this year. Our indices are sinking lower and lower. They could be even lower if not for the support of Ukrainian citizens. In recent months, we have been recording more and more business activities registered in Poland by our neighbors. In 2022, Ukrainians established 17.5 thousand businesses in Poland (5.6 percent of all). From the beginning of 2023 to the end of May alone, 13.2 businesses run by Ukrainian citizens were registered in Poland, which means that there may be much more of them than last year. Details in the commentary Poland – a good place for Ukrainian entrepreneurship, prepared by InfoCredit and the Union of Entrepreneurs and Employers. InfoCredit Business Activity Index Our business activity index shows the ratio of new and resumed businesses to closed and suspended businesses. When the index is positive, it means that more businesses were established and resumed than suspended and closed. The higher the index value – the greater the tendency to open small businesses. When the index indicates values below zero, it means a retreat from this form of business activity. The more the index is negative, the more small entrepreneurs withdraw from business (definitely or temporarily). We publish the index on a quarterly basis (after each quarter) and monthly basis. Potrzebujesz wyceny lub zamówienia? Napisz do nas bok@inocredit.pl
Zaginione Urzecze i Wisła in London
Zaginione Urzecze i Wisła in London When Columbus reached America, 40-meter barges were already sailing on the Vistula, which was then the main trade route in Poland. Timber, grain and other goods were floated down the largest Polish river. The Vistula was the economic lifeblood of Poland. The most important Polish cities were founded along the Vistula, and numerous settlements were also established. The Urzecze was farmed by, among others, the Olędrzy, agricultural innovators who came from Frisia and the Netherlands to the area of today’s Saska Kępa in Warsaw in the 17th century. This is the subject of the film “The Lost Urzecze”, directed by Adam Rogala and Wiktor Strumiłło. The film’s patron is InfoCedit. We decided to support this production because InfoCredit has been following Poland’s economic development for centuries. Now it’s time to show the Vistula and its contribution to the development of Poland to the world. We are pleased to announce that from January 29 to February 4, 2024, the Coningsby Gallery in London will host an exhibition of Wiktor Strumiłło’s photographs – “Urzecze and the Vistula River”. The author is a cameraman and photographer. He took the drone shots for Ewa Ewart’s film “To the Last Drop” in 2023. The film won the “Golden Nymph” – Prince Rainier Award for best documentary at the 62nd Monte Carlo Television Festival and the 1st prize in the category “Oceans and their protection” at the Deauville Green Awards festival in France. That’s not all. Soon we will inform you about the next important events related to the work of Wiktor Strumiłło. Why is it so important to us? Because today, when in many parts of the world every drop of rain counts, it is worth talking about how much we owe to rivers. And supporting those who talk about it. Potrzebujesz wyceny lub zamówienia? Napisz do nas bok@inocredit.pl
IC index bounces off the bottom
IC index bounces off the bottom INFOCREDIT ECONOMIC ACTIVITY INDICATOR In the first quarter of 2023, there were again – for the third time in a row – more applications for termination and suspension of business activities in Poland than for establishment and resumption. The InfoCredit index, describing this relationship, is therefore still in the red – both quarterly and monthly. It is somewhat comforting that the index has moved away from the bottom of 2022 and 2021. The situation is improving slightly from month to month. In the first three months of 2023, 119,847 business activities were established and resumed, 147,601 thousand were terminated and resumed. The index was therefore worth -27,754 points quarterly. This is much better than in the fourth quarter of 2022 (-41,060 points) and better than in the first quarter of 2022 (-44,087). January 2023 was still quite weak (the index after the first month was worth -17,202 points), but the following months brought a rebound. In February, there were 6,234 more closed and suspended businesses than new and reopened ones, and in March only 925 more. Does this mean we will soon break even? The trend is upward. April, May and June are seasonally conducive to starting and resuming business activities. This was the case last year and previous years. April 2020 was an exception, but that was only the second month of restrictions due to the pandemic. This year, everything indicates that we will now come out on top. There were 6,284 more businesses started and resumed in April than closed and suspended businesses (as of 18.04). Seasonality in CEIDG data is very visible. Usually, in the first and fourth quarters there was a retreat from business, the second and third quarters of the year balanced these outflows and even brought a surplus. In recent years, however, a very disturbing phenomenon of a crisis in the simplest form of running a business has been visible. Business activities have been gradually decreasing. Let us recall – 2021 was already disturbing in this respect. In 2022, a total of 347.3 thousand businesses were suspended, which was a record. 193.2 thousand were terminated. business – the most since 2014. The main reason was unstable tax regulations and rising business costs. What will happen this year? For now, we can talk about a slight rebound. We will be able to say more after Q2 and Q3 of this year. InfoCredit Business Activity Index Our business activity index shows the ratio of new and resumed businesses to closed and suspended businesses. When the index is positive, it means that more businesses were established and re-established than were suspended and closed. The higher the index value, the greater the tendency to open small businesses. When the index indicates values below zero, it means a retreat from this form of business activity. The more the index is negative, the more small entrepreneurs withdraw from business (definitely or temporarily). We publish the index on a quarterly basis (after each quarter) and monthly basis. Previous newsNext news Potrzebujesz wyceny lub zamówienia? Napisz do nas bok@inocredit.pl
Our dear little business
Our dear little business INFOCREDIT ECONOMIC ACTIVITY INDEX January 2023 was another month in which there were more applications for the suspension and termination of business activities than those started and resumed. The InfoCredit index, which describes this relationship, has been in the red for 7 months. This means that active business activities are not increasing. On the contrary, they are decreasing. The past month is slightly better than January 2022. In the first month of this year, 40,308 activities were started and resumed, 62,086 were ended and closed. Our index therefore reached a value of -21,778 points. In January 2022, 35,520 activities were started and resumed, and 65,386 were ended and closed. Our index was then worth -29,866 points after a slight increase since December 2021 (then -35,716 points, the lowest in history, lower even than after March 2020, when the epidemic broke out). This was the result of confusion and concerns related to the tax reform under the Polish Deal. Micro-entrepreneurs considered the changes to be unfavourable for them and began to withdraw en masse from the form of running a business in the form of a business. Now, at the turn of 2022 and 2023, it can be assumed that this is the result of the rising costs of the simplest form of running a business. Seasonality is visible in the quotations of our index. That is – the index always drops at the turn of the year, because we note an increase in the suspension of activities. However, in recent years, this phenomenon has been gaining momentum. Similar fluctuations in the index on a monthly basis (although smaller) are observed before and after the holidays. In May and June, entrepreneurs who run their business seasonally suspend their activities, only to suspend them again after the holiday season. In turn, those who want to take advantage of holidays suspend their activities so as not to incur unnecessary costs. InfoCredit Business Activity Index Our business activity index shows the ratio of new and resumed business activities to closed and suspended ones. When the index is positive, it means that more businesses were established and suspended than were suspended and closed. The higher the index value, the greater the propensity to open small businesses. When the index indicates values below zero, it means a retreat from this form of economic activity. The more the index is negative, the more small entrepreneurs withdraw from business (definitely or temporarily). Previous newsNext news Potrzebujesz wyceny lub zamówienia? Napisz do nas bok@inocredit.pl
Small business on hold
Small business on hold InfoCredit Business Activity Index In 2022, CEIDG received a total of over one million applications for the establishment, resumption, suspension and termination of business activity. This is the highest in 9 years, i.e. since 2014. The vast majority of applications, however, concerned the suspension of business activity. There were as many as 347.3 thousand of them. This is a record. Last year, 193.2 thousand businesses were terminated – the highest since 2014. The InfoCredit business activity index calculated quarterly fell to the value from the turn of 2021 and 2022. Year-on-year and taking into account seasonality, it is sinking lower and lower. After two years of a significant decline in the activity of Poles due to the epidemic, last year we finally noted a significant increase in the number of applications submitted to CEIDG. In 2020 and 2021, there were almost 850 and 891 thousand, respectively. Last year, exactly 1,003,653. This would be a reason for optimism if most of them concerned new businesses. Unfortunately, this is not the case. There were 463.1 thousand new and resumed businesses in total, 540.6 thousand terminated and suspended. The number of applications to suspend business activity in particular is worrying, as many as 347.3 thousand. This is a record result. There were 193.2 thousand terminated businesses, the highest number since 2014 and 2013, when there were 208.2 thousand and 235.6 thousand, respectively. The number of applications for suspensions did not increase abruptly at the end of the year, but gradually, throughout the year. In the first half of the year, there were 161.3 thousand (in the first half of 2021, 115.6 thousand). In the second half, 186.1 thousand, compared to 162.7 thousand in the same period of 2021. In the fourth quarter, 97.7 thousand suspensions were recorded, compared to 90 thousand in the last three months of 2021. Only December 2022 was calmer. 39.6 thousand businesses were suspended then, compared to 42.4 thousand in December 2021. However, at the end of 2021, we noted a significant increase in closed and suspended businesses, because entrepreneurs did not like the chaos and ambiguity associated with the Polish Deal. The last three years are difficult to compare, because they brought a significant increase in uncertainty and events that we had not seen before. 2020 and 2021 are a time of epidemics and restrictions. The turn of 2021 and 2022 brought us the Polish Deal, huge confusion in tax regulations and rising inflation. The last 11 months have already seen a huge increase in the costs of running a business, not only due to additional tax and contribution burdens, but above all due to the sudden increase in the prices of raw materials and energy. That is why first, in 2020 and 2021, we observed a decrease in activity in submitting applications to CEIDG, and now we are seeing more and more of them. The number of closures is not increasing so quickly, because it is easier to go into a state of suspension, to observe the situation and postpone the decision. The situation in the general statistics is somewhat saved by the increase in the number of established and resumed businesses. In 2022, we recorded 310.2 thousand new ones, 152.9 thousand resumed, i.e. a total of 463.1 thousand. (in 2020 and 2021, 425.3 and 436.4 thousand, respectively). However, it is still far from the best years in this respect, i.e. 2017 and 2018, when there were over 491 thousand of them in total. The upward trend in suspended activities has been ongoing since mid-2021, when the assumptions of the Polish Deal were presented. There is no indication that it will end soon. The beginning of 2023 was not good either. By January 23, 27.7 thousand activities had been established and resumed, and as many as 40.5 thousand had been terminated and suspended. Wnioski rocznie Year Assumption* End Suspension Sum 2022 463 080 193 227 347 346 1 003 653 2021 436 365 176 137 278 282 890 784 2020 425 334 142 375 281 809 849 518 2019 470 184 173 320 306 853 950 357 2018 491 647 177 083 303 270 972 000 2017 491 234 178 898 309 242 979 374 2016 465 970 181 053 307 132 954 155 2015 476 947 192 987 311 854 981 788 2014 487 240 208 188 314 652 1 010 080 2013 486 902 235 630 312 548 1 035 080 2012 423 655 49 968 297 380 771 003 Suma 5 118 558 1 908 866 3 370 368 10 397 792 * It includes applications for starting and resuming a business. Source: CEIDG InfoCredit Business Activity Index Starting this year, we are changing the rules for presenting the InfoCredit Business Activity Index. Instead of showing the ratio of new to closed and resumed to suspended businesses, we will publish the ratio of new and resumed to closed and suspended businesses. When the index shows positive values, it means that more businesses have been established and resumed than suspended and closed. The higher the index value, the greater the tendency to open small businesses. Similarly, when the index shows values below zero, it means a retreat from this form of economic activity. The more the index is in the red, the more small entrepreneurs withdraw from business (definitely or temporarily). To start with, we present the index on a quarterly basis. After January, we will also present it on a monthly basis. Previous newsNext news Potrzebujesz wyceny lub zamówienia? Napisz do nas bok@inocredit.pl