Polish transportation faces financial hardship

Last year, 41 transportation firms went bankrupt, an increase of 11 percent on a yearly basis. Experts claim that this year may be even worse for the sector, Puls Biznesu daily reported. Paweł Trębicki, general director at Raben Transport pointed out that the European Commission's final decision regarding minimum wage, which was  implemented in Germany last year, and the possibility of similar regulations being established in France will be the key factor influencing Polish transportation. The  German law would decrease the competitiveness of Polish freight and transport companies, once applied to Polish drivers. The worst case scenario put forward by Deloitte assumes that costs of Polish transportation firms will grow  by PLN 400,000 on average and 40 percent of them will record losses this year.