In the National Debt Registry, Bureau of Economic Information, there are 714 foreign companies in arrears with Polish entrepreneurs worth 26.7 million PLN. Firms from Lithuania, Germany and Italy are responsible for nearly half of these arrears (13 million PLN), but the list also includes external debtors, for example from Ecuador, Kyrgyzstan or New Zealand.
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Among debtors from other countries Companies from Lithuania (PLN 5.4 million), Germany (PLN 4.3 million) and Italy (PLN 3.9 million) have the largest amounts to hand. Polish entrepreneurs want to recover large sums, exceeding a total of one million zlotys, from contractors from Belgium, the Netherlands, Slovakia and Great Britain.
Most of the time the Germans don’t pay
Germany represents the most numerous group of debtors. Almost every third company that has arrears with the Poles depends on Oder. In total, foreign contractors owe Polish companies 26.7 million PLN.
Few entrepreneurs know that you can also report to us about a foreign debtor. Meanwhile, this is an urgent problem, because more than 120,000 Polish companies export their goods and services. And just as in the country, they are prone to being deceived by contractors. It is in the interest of all exporters to share knowledge about these unreliable importers.
Payment bottlenecks are increasing in many countries as a result of the crisis caused by the pandemic, so it can be expected that some foreign companies will not pay the salaries of Polish entrepreneurs. — says Adam Aki, chairman of the National Debt Registry Board of Economic Information.
The indebtedness of the commercial sector has increased significantly
In the midst of this pandemic, corporate debt from the commercial sector has increased by about PLN 245 million and currently stands at more than PLN 2.1 billion – according to data from the National Registry …
Polish companies are awaiting payment of overdue obligations, for example from the Democratic Republic of the Congo, Ecuador, Kyrgyzstan, Colombia, Peru or New Zealand.
Usually these are unsuccessful individual contracts, which for the Polish side resulted in a financial loss of several tens to tens of thousands of zlotys. The SME sector, including the smallest entities trying to enter foreign markets, often has trouble getting money back. The average amount that a Polish company has to recover from a foreign debtor is 37,000 PLN. At the level of one small organization, it’s an amount that can upset a company’s cash flow and seriously shake its business – Adam Aoki explains.
# National Debt Record
# Polish companies
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