Remember hearing that Poland's economy is now at its strongest ever as a result of the 'good' changes introduced by the 18% regime? It turns out that that was not entirely true:
Company bankruptcies have risen 15 percent in Poland in the first six months compared to the same period last year, according to a report.
Credit insurance company Euler Hermes said that 418 companies folded in the first two quarters, up from 362 during the same period in 2016.
In June, 71 companies were declared insolvent, up from 60 in the same month last year.
Full article here: /1/12/Artykul/316278,Bankruptcies-in-Poland-rise
With the clear message currently being sent to investors that the rule of law in Poland is now over and has been replaced by the rule of the Party under which any judge who gives a decision which is unfavourable to the Party can be fired and the case heard again before a judge handpicked by the Party, it's hard to see how the economic situation here will get better any time before the rule of law is re-established here.
