KUKE a partner of the Polish Company – International Champion competition
Thanks to foreign investments and export activities, Polish companies are changing into global entities, effectively compete in foreign markets and build the Poland's brand on the international arena. Today marks the start of the 7th edition of the Polish Company - International Champion competition, in which we present and award companies with successes abroad.
The competition is organised by PwC and Puls Biznesu, while its partners include KUKE, Bank PKO BP and the Industrial Development Agency.
We invite you to participate! Applications are accepted until 31st October on the website: www.pb.pl/czempioni. Participation in the competition is free.
Katarzyna Kowalska, Vice-president of KUKE:
For 27 years KUKE has accompanied Polish companies both in their development in Poland and in their foreign expansion. We know that domestic companies have a huge growth potential and a lot to offer internationally, which we have had the pleasure of witnessing many times. A significant share of exports is accounted for by small and medium-sized enterprises, which are particularly sensitive to political risks, regional economic instability and payment bottlenecks. Currently, more than 60% of small and medium-sized enterprises in Europe have been requested to extend their payment terms, and more than 30% declare that this is a significant obstacle to business development.
Payment bottlenecks pose a real threat to smaller businesses, as they can lead to a loss of liquidity that can threaten the viability of the business. Therefore, many enterprises consciously renounce their foreign activities, thus giving up the chance to grow their business, diversify their sales markets, etc.
The Ministry of Enterprise and Technology estimates that out of more than 1.6 million small and medium-sized enterprises, only around 13.5 thousand take up export activity - this is far too little. The potential of Polish small and medium-sized enterprises is definitely worth exploiting and is not limited only to exports within the European Union. We have products and services that are in demand in many markets outside Europe, but often doing business there is more risky. This does not mean that such expansion must be abandoned.
It only needs to be carefully planned and adequately protected, and factoring, credit insurance and insurance guarantees help to secure the business at home and abroad in a comprehensive manner, thus ensuring the company's safe expansion and growth.