Companies don't pay, because they keep money for a black hole

Decrease in the value of placed orders, requests for longer payment terms in invoices, resignation from planned orders - on average every third business owner experiences various behaviors from contractors, which they explain by... the war in Ukraine, results from the research of the National Debt Register of the Economic Information Bureau. Many of these phenomena are not caused by economic reasons, but by psychological ones, experts assure and remind that similar business reactions were observed at the beginning of the pandemic.

Nothing indicates that the war behind our eastern border will soon come to an end. In the meantime, the protracted conflict in Ukraine leaves its mark not only on the Polish economy, but also on Polish companies. And this is regardless of whether they do business in Eastern Europe or not. 

As shown in the survey "Business and Ukraine" conducted at the end of March 2022 by TGM Research on behalf of the National Debt Register BIG, 38 percent of SME business owners believe that the Russian-Ukrainian war has or will have a negative impact on their business. This prompts entrepreneurs to make decisions to better protect their interests. However, according to experts, these are unfounded fears and most of them have no cover in reality. In practice, such actions only harm smaller and weaker business partners. 

(WBJ)