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Polish SMEs fear impact of Brexit: report

PR dla Zagranicy
Paweł Kononczuk 06.06.2017 15:06
Small businesses in Poland fear the consequences of Brexit, the business-oriented Puls Biznesu daily has reported, citing the findings of a study.
Image: Elionas2/pixabay.com/CC0 Creative CommonsImage: Elionas2/pixabay.com/CC0 Creative Commons

The industry survey, called the Bibby MSP Index, was conducted by Bibby Financial Services among 450 companies with a workforce from 10 to 249 people.

According to the study, SMEs fear potential post-Brexit changes in trade policy within the whole European Union as well as destabilization in the exchange rate of the euro.

The UK’s departure from the EU will result not only in serious problems for Poles living abroad but also in many changes to the Polish economy, Jerzy Dąbrowski, director general of Bibby Financial Services, told Puls Biznesu.

Polish SMEs have already started feeling the pinch, the Bibby MSP Index shows, with over 17 percent having recorded a drop in imports from Poland and over 16 percent having experienced problems in finding customers for their products abroad.

The Brexit referendum weakened the British pound, resulting in price increases for imported goods.

Salaries are not rising as quickly as the pound’s exchange rate, making UK citizens extra cautious while spending money which, in turn, has a negative influence on Polish SMEs, Dąbrowski added.


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