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Economy


  • 27-January-2021

    English

    Boosting SMEs’ internationalisation in Poland

    The rapid internationalisation of the Polish economy has helped develop competitive export-led manufacturing and services sectors fostering robust growth and productivity performance. However, the benefits of this development have been unequal. Many small and medium-sized enterprises (SMEs), some regions and social groups have lagged behind. Poland’s integration into world trade has largely focussed on downstream activities of value chains and relatively labour-intensive products that incorporate little domestic value added. The coronavirus (COVID-19) crisis has put additional pressures on SMEs. A broad range of well-coordinated policies is required to boost SMEs’ internationalisation and their productivity, while easing labour reallocation during the ongoing recovery. Providing stronger support for training programmes in smaller firms and within small firms’ networks would help them upgrade the skills of their workforce, notably for their managers, and ease new technology adoption and internationalisation. Streamlining regulations on start-ups and limiting regulatory and tax barriers to firm expansion would raise firm entry and growth. Strengthening post-insolvency second chance policies for honest entrepreneurs would ease resource reallocation and the adaptation of SMEs to an uncertain and rapidly changing international environment. Improving transport and digital infrastructure would lower trade costs and raise productivity. Ensuring that innovation policies adapt to smaller firms would boost their innovativeness and ease their integration in national and international value chains.
  • 4-December-2020

    English

    Poland: investing in a greener, fairer economy will strengthen recovery from COVID-19 crisis

    Poland has suffered milder economic losses from COVID-19 than many other countries, yet the crisis still risks aggravating inequalities and reversing gains in living standards. Focusing reforms and investment on building a greener and more inclusive economy with better quality jobs will help to secure a strong and sustainable recovery, according to a new OECD report.

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  • 17-November-2020

    English

    The impact of COVID-19 on SME financing - A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard

    The COVID-19 crisis has had a profound impact on SME access to finance. In particular, the sudden drop in revenues created acute liquidity shortages, threatening the survival of many viable businesses. The report documents an increase in demand for bank lending in the first half of 2020, and a steady supply of credit thanks to government interventions. On the other hand, other sources of finance declined, in particular early-stage equity. This paper, a special edition of Financing SMEs and Entrepreneurs, focuses on the impacts of COVID-19 on SME access to finance, along with government policy responses. It reveals that the pre-crisis financing environment was broadly favourable for SMEs and entrepreneurs, who benefited from low interest rates, loose credit standards and an increasingly diverse offer of financing instruments. It documents the unprecedented scope and scale of the policy responses undertaken by governments world-wide, and details their key characteristics, and outlines the principal issues and policy challenges for the next phases of the pandemic, such as the over-indebtedness of SMEs and the need to continue to foster a diverse range of financing instruments for SMEs.
  • 4-July-2019

    English

    Western Balkans Summit 2019: Opening Ceremony

    It is an honour to open the 2019 Western Balkans Summit. This annual Summit is a key milestone in our efforts to increase the well-being of citizens and build a brighter future for the region. This year is a particularly important one, with the 30th anniversary of the democratic transformations in Central Europe and 15th anniversary of European Enlargement.

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  • 29-June-2018

    English

    Financing innovative business investment in Poland

    Poland’s productivity has grown strongly over the past two decades. However, the public and private capital stock is weak, and investment remains focused on the adoption of existing technologies, which weighs on future productivity gains and innovation.

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  • 29-June-2018

    English

    Strengthening innovation in Poland

    Poland’s catch up with other OECD country has been largely based on productivity growth resulting from restructuring towards more productive sectors and foreign technology absorption.

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  • 28-March-2018

    English

    OECD Rural Policy Reviews: Poland 2018

    Poland has seen impressive growth in recent years, and yet regional disparities in economic and social outcomes remain large by OECD standards. The overall living conditions in rural communities generally remain below those of urban communities, and rural households face higher poverty rates. This study examines the range of policies impacting rural development in Poland. It offers recommendations on how to boost agricultural productivity, support economic diversification, enhance inter-municipal co-ordination, deepen decentralisation, and improve multi-level governance.
  • 19-March-2018

    English

    Poland: Build on current economic strength to innovate and invest in skills and infrastructure

    Poland’s economic growth remains strong. Rising family benefits and a booming jobs market are lifting household income while poverty rates and inequality are falling, says a new OECD report.

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  • 19-March-2018

    English

    Economic Survey of Poland 2018

    Economic growth remains strong. Rising social transfers and a booming labour market are underpinning rapid consumption growth. The unemployment rate is at a record low level, labour shortages are spreading, and there are early signs of accelerating wages. The labour market is expected to tighten further, leading to somewhat fasterwage and price inflation.

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  • 28-November-2017

    English

    The 2030 Sustainable Development Agenda - Towards a Successful Implementation by Poland

    The 2030 Agenda for Sustainable Development, adopted by world leaders at the United Nations on 25 September 2015, sets out an ambitious action plan to improve the lives of people everywhere. On 14 February 2017, the Polish government adopted its Strategy for Responsible Development, which sets out over 700 actions to increase the income of Polish citizens and strengthen social, economic, environmental and territorial cohesion within the country. With its Strategy for Responsible Development, Poland has taken an important first step towards tackling all these issues. But achieving the SDGs will be a long journey with many hurdles, during which Poland will regularly have to adapt its strategies, actions plans and policy measures and refresh the commitment of all stakeholders. Exchanging experiences with other countries throughout the process on what works and what doesn’t can help the country successfully navigate this journey.
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