Number of new businesses grows 28% y/y in February

The number of new business registrations is increasing, while the number of entities suspending operations is decreasing, according to the latest REGON register data. In February, 38.6 thousand businesses were registered, a significant increase of 28.1% compared to the previous year. Despite the overall economic slowdown, companies are relatively less inclined to definitively end their activities, as reported by the Polish Economic Institute.

The notable rise in newly registered firms is mainly observed in the services sector, with a fourfold increase in service businesses compared to the previous year. Additionally, there's a significant increase in new real estate market service firms (up 27.1% year-on-year) and in the professional services sector (up 14.2% year-on-year).