Fewer Loans, Lower Values: October 2024 Highlights Decline in Micro-Enterprise Financing

In October 2024, compared to October 2023, banks granted fewer loans to micro-enterprises (-6.7%) and for a lower value (-13.5%). Loan Sales to Micro-Entrepreneurs by Credit Product In numerical terms, banks...

Changes in the Credit Market in Poland: What Did October 2024 Bring?

In October 2024, compared to October 2023, banks and credit unions granted more cash...

Polish Industrial Sector Debt Reaches 1.19 Billion PLN, Including 370 Million PLN in Unpaid Invoices

The furniture, electric battery, and vehicle and machinery parts manufacturing industries are all currently...

Decline in Swiss Franc Loan Cases: Nearly 55 thousand lawsuits filed in three quarters

In the first three quarters of the current year, the number of Swiss franc-related...

The Credit Situation in Poland in 2024: Stabilization or Turning Point?

The year 2024 has introduced substantial shifts in Poland's credit market. Easing credit policies...

Debt in the HoReCa Sector is Rising, but Not Everywhere. Hotels Are Faring Better Than Restaurants

Despite mixed opinions from the market, accommodation owners will likely consider this season a success. According to the Central Statistical Office (GUS), the number...

Poles’ Debt Soars: The Growing Problem of the Debt Spiral

Data from ERIF BIG indicates that the number of Poles with at least 3 unpaid debts increased by 114% year-on-year in the second...

ZUS Paid Nearly 1.7 Billion PLN to Foreigners from the “Family 800 Plus” Program in the First Half of This Year

In the first half of 2024, benefits from the “Family 800 plus” program were paid to foreigners for 370.9 thousand children. This is 8.9%...

Decline in Number and Value of Loans Granted to Micro-Entrepreneurs in July 2024

In July 2024, compared to July 2023, banks granted fewer loans to micro-entrepreneurs (-5.8%) and for a lower value (-4.2%). Sale of loans for micro-entrepreneurs...

Young Poles’ Top Fears: Financial Insecurity, Rising Costs, and Job Loss Dominate Concerns

As per the report titled "What are Young Poles Afraid of?", Poles aged 18-35 currently fear the lack of money, rising cost of living,...

Upcoming EU Cash Payment Restrictions Could Challenge Businesses and Consumers by 2027

Cash payment restrictions were supposed to be introduced in 2023 as part of the Polish Order policy package. However, after facing social...

Silence of Pro-European Parties on Euro Adoption Fuels Growing Euroskepticism in Poland

Most Polish pro-European parties are silent on the adoption of the EU currency, thus leaving the topic to Euroskeptics. This is one of the...

Long-Term Car Rental and Rent-a-Car Markets in Poland: H1 2024 Analysis

The automotive market in Poland is rapidly recovering from the supply crisis related to the availability of new cars. In the first half of...

Polish Leasing Industry Surpasses Forecasts with Strong H1

Leasing companies granted financing worth 54.2 billion PLN in the first six months of 2024 This is an increase of 13.5% compared to...

Polish Businesses Embrace Split Payment: Transactions Up Nearly 5%

According to the latest data from the Ministry of Finance, in the first half of 2024, the number of transactions executed using the split...

Housing Loan Demand Cools Down After Government Program Ends

The value of inquiries for housing loans fell by 31.7% year on year in July 2024, according to the BIK Index of Demand for...

Countdown to DORA: Financial Institutions Must Prepare for New Cybersecurity Regulations

Cybersecurity and cyber resilience are significant for every institution, regardless of the industry. For financial services and their external suppliers, the European Digital Operational...

Slight increase in loans for micro-enterprises in the first half of 2024

In the first half of 2024, banks granted micro-enterprises only half a percent more loans, valued at 3.8% higher than in the corresponding period...

Economic Factors at the Forefront of the Biggest Fears and Anxieties Among Young Poles

The economy fuels fear. Currently, young Poles are most afraid of a lack of money, rising living costs and job loss. The latest report reveals...

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