Enterprises post rocketing profits, but still fail to invest

Polish businesses have zł.76 billion lying in bank accounts, but are still hesitant to invest. "They are discouraged by a festival of political activity directed against entrepreneurs," says Małgorzata Starczewska, head of a team of experts of the Polish Confederation of Private Employers (PKPP), referring for example to today's Parliamentary vote on a drastic hike in social contributions for small businesses. Ryszard Petru, chief economist at Bank BPH, said that businesses could be delaying investments in expectation of around EUR600 million in EU support funds. However, Witold Orłowski, economic advisor to the President warns, "Businesses need to start investing, because pretty soon they will not be able to fulfill orders, as their production capacity is used to the maximum." (Gazeta Wyborcza, p. 1) T.J.