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Poland: Key Issues and Policies

image of Poland: Key Issues and Policies

The rapid growth of entrepreneurship and small firms has been one of the greatest successes in post-Communist transformation in Poland.  SMEs have greatly contributed to employment, investment and value added in the Polish economy.  However, key barriers to further growth remain in the business environment for SMEs and entrepreneurs.  This book sets out the current SME and entrepreneurship climate, reviews SME and entrepreneurship issues and policies at national and local levels, and provides observations and recommendations for improving and supporting entrepreneurship and SMEs in Poland.

English Polish

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SME and Entrepreneurship Performance in Poland Today

SMEs in Poland contribute significantly to employment, investment and value-added, as well as to economic diversification. However, the sector remains weak. There is a disproportionate share of micro-enterprises, with fewer than 10 employees, and relatively few firms in the intermediate size classes, especially the 10-49 employee class. SMEs in Poland are rarely involved in export activity, they tend to lack the capacity, resources or willingness to invest in new technology and the low quality of their products or processes makes them generally uncompetitive in global markets. In addition, variations in framework conditions are reflected in significant regional variations in SME performance and new venture creation rates. Key barriers to SME development include: i) regulatory complexities and administrative costs; ii) high tax rates; iii) inadequate access to financing; iv) lack of qualified labour; and v) deficiencies in knowledge, management and competitiveness.

English

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