9 June 2022
R&I Update - June 2022 – 4 of 4 Insights
After two years of lockdowns, Poland, like many other countries, is feeling the significant economic impact of Covid-19.
With the conflict in Ukraine, there is a risk that this economic turbulence will be magnified. Signs of uncertain times ahead include rising inflation and climbing interest rates. These are problems which will take time and effort to resolve. The government and parliament are proposing changes to legislation aimed at helping companies and entrepreneurs to conduct business “as usual” and to take the edge off the harsh realities.
It is hoped that these steps to mitigate some of the damage caused by recent events will help businesses withstand their problems, without putting a strain on the economy.
To discuss the changes outlined in this article in more detail, please contact a member of our Restructuring & Insolvency team.