43 (138) 2020
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Editorial note

Editorial Note

by Michael Dembinski, chief advisor and Dorota Kierbiedź, membership director, BPCC
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Welcome to the issue of Contact Magazine Online that no one wished for! It's almost entirely dedicated to Covid-19 – how our members are dealing with it, how they expect to see the economy and the Polish market after it. There's plenty of advice for coping with the fallout, as well as coverage of the main legal and business headaches facing business leaders – along with practical solutions.

We begin with three interviews. Prof Witold Orłowski, the chief economic advisor to PwC in Poland talks about the pandemic's effects on the Polish economy, and global trends for a post-Covid-19 future. Bogdan Kucharski, CEO of BP in Poland, describes the response of the fuel retailer, ensuring the health and safety of its staff and customers. Marcin Szopa, CEO of BSI Group in Poland looks at resilience and business continuity – one of the biggest issues facing companies now and in the future – and how standards are essential to ensure 'resilience' really works.

Mungo Keulemans, CEO at PMR Ltd, gives some industry-specific insights based on interviews with senior managers from across four Polish sectors, conducted late last month. From this article you'll be able to see just how deep the disruption has been, and how differently sectors have coped.

The rest of the articles are grouped in four sections:

The Anti-Covid-19 Shield – how effective are the business-support measures offered by the Polish state?

Best practice – coping with the crisis – how BPCC members have been dealing with disruptions; lessons that can be shared.

Legal issues – there are so many completely new problems that managers have never faced before. Looking at them through the prism of the law is helpful.

The global economy and the Polish market post-Covid-19 – new trends will emerge; how will businesses have to adapt to the 'new normal'?

  • Four scenarios for the further development of the pandemic are offered by Deloitte. It's worth getting your business plans ready for all four – things may turn out better than hoped for – or worse than you feared

  • Mergers and acquisitions are a perennial feature of business life. However, who will be merging with – or acquiring – whom (and from where), is likely to change. Weronica Achramowicz from Baker & McKenzie examines the new trends

  • Globalisation and international travel are likely to take a pause. What does this mean for international education? Tom McGrath of the British Primary School of Wilanów, considers the implications for the future.

  • One area of business facing massive change when this is all over will be the compliance function. Katarzyna Saganowska from TMF Poland says that identifying and mitigating risk will become far more important for all businesses

  • ACCA’s chief economist, Michael Taylor, asks whether the economic consequences of the Covid-19 epidemic will be short and sharp – or long and painful?

  • Aon's latest C-suite report report looks at how well placed the global economy is to weather the storm, in particular international trade and the financial sector.

Finally – new EU anti-money-laundering legislation that was meant to have come into force has been postponed until 13 July. By then, firms must enter their ultimate beneficial owners into a central register. What this means in practice is covered
by Cezary Żelaźnicki, managing partner at PwC Legal Pawłowski, Żelaźnicki sp.k.

There's a lot to read – really useful and practical articles; not an enjoyable task under these circumstances – but a necessary one!

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