The level of debt held by the culture and entertainment sector soared to PLN 35 million (EUR 7.8 million) last year as it struggled to cope with the effects of the pandemic lockdown.
According to information released by the BIG InfoMonitor Debtors Register and the BIK (Credit Information Bureau) database, the new high was a 29-percent increase on 2019.
The number of companies in the sector with problems in settlements with banks and suppliers also increased last year from 875 to 981, and their arrears from PLN 27 million (EUR 6 million) to PLN 35 million (EUR 7.8 million).
In the case of cinemas, overdue liabilities increased from PLN 0.21 million (EUR 0.047 million) to PLN 0.39 (EUR 0.087 million).
Experts calculated that invoices and