This industry is drowning in debt.  This year is worse

The report shows this Total construction industry debt reached PLN 1.55 billion, an increase of 10%. Compared to the previous year. The largest share of the debt belongs to companies specializing in “specialized construction work” which are in arrears of PLN 733 million. Building construction companies occupy second place on the list of debtors, with debts of 646 million zlotys, while debts related to civil engineering amount to 175 million zlotys. On average, the debt of a debtor is PLN 34.3 thousand. Zloty.

The industry’s largest creditor is the financial sector, to which construction companies owe about PLN 868 million. This sector mainly includes banks, leasing and insurance companies, and securitization funds that have acquired receivables from other financial institutions. In addition, the debt owed to the commercial industry amounts to more than PLN 237 million, to telecom operators – PLN 53.5 million, and to energy companies – PLN 27 million.

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