Presented By:

1. Kalpesh Agre. 1002

2. Kapil Dhutaraj. 1020
3. Nitin Tayade. 1125
4. Ameya Joshi. 1037
5. Ashish Gajabhiye. 1023
6. Rahul Dabhade. 1015
Poland
Poland
People
Nationality: Noun--Pole(s). Adjective--Polish.
Population (2009): 38.1 million.
Annual population growth rate: Near zero.
Ethnic groups: Polish 98%, German, Ukrainian, Belarusian,
Lithuanian.
Religions: Roman Catholic 94%, Eastern Orthodox, Uniate,
Protestant, Judaism.
Language: Polish.
Education: Literacy--98%.
Health (2009): Infant mortality rate--6.8/1,000. Life
expectancy--males 71.5 years, females 80.1 years.

Work force: 17.0 million. Industry and construction--31.3%;
agriculture--13.3%; services--55.6%.

Economy of Poland
Poland has pursued a policy of economic liberalization since 1990 and today stands
out as a success story among transition economies. Before 2009, GDP had grown
about 5% annually, based on rising private consumption, a jump in corporate
investment, and EU funds inflows. GDP per capita is still much below the EU
average, but is similar to that of the three Baltic states. Since 2004, EU
membership and access to EU structural funds have provided a major boost to the
economy. Unemployment fell rapidly to 6.4% in October 2008, but climbed back to
11.8% for the year 2010, exceeding the EU average by more than 2%. In 2008
inflation reached 4.2%, more than the upper limit of the National Bank of Poland's
target range, but fell to 2.4% in 2010 due to global economic slowdown. Poland's
economic performance could improve over the longer term if the country
addresses some of the remaining deficiencies in its road and rail infrastructure and
its business environment. An inefficient commercial court system, a rigid labor
code, bureaucratic red tape, burdensome tax system, and persistent low-level
corruption keep the private sector from performing up to its full potential. Rising
demands to fund health care, education, and the state pension system caused the
public sector budget deficit to rise to 7.9% of GDP in 2010. The PO/PSL coalition
government, which came to power in November 2007, plans to reduce the budget
deficit in 2011 and has also announced its intention to enact business-friendly
reforms, increase workforce participation, reduce public sector spending growth,
lower taxes, and accelerate privatization. The government, however, has moved
slowly on major reforms. The legislature passed a law significantly limiting early
retirement benefits. A health-care bill also passed through the legislature, but the
legislature failed to overturn a presidential veto

An inefficient commercial court system, a rigid labor code,
bureaucratic red tape, burdensome tax system, and persistent low-
level corruption keep the private sector from performing up to its
full potential. Rising demands to fund health care, education, and
the state pension system caused the public sector budget deficit to
rise to 7.9% of GDP in 2010. The PO/PSL coalition government,
which came to power in November 2007, plans to reduce the
budget deficit in 2011 and has also announced its intention to enact
business-friendly reforms, increase workforce participation, reduce
public sector spending growth, lower taxes, and accelerate
privatization. The government, however, has moved slowly on
major reforms. The legislature passed a law significantly limiting
early retirement benefits. A health-care bill also passed through the
legislature, but the legislature failed to overturn a presidential veto
Financial centre of Warsaw
Poland's high-income economy
[61]
is
considered to be one of the healthiest of the
post-Communist countries and is currently
one of the fastest growing within the EU.
Since the fall of the communist government,
Poland has steadfastly pursued a policy of
liberalising the economy and today stands out
as a successful example of the transition from
a centrally planned economy to a primarily
market-based economy. Poland is the only
member of the European Union to have
avoided a decline in GDP during the late 2000s
recession. In 2009 Poland had the highest GDP
growth in the EU. As of November 2009, the
Polish economy has not entered the global
recession of the late 2000s nor has it even
contracted

Poland has a large number of private farms in its
agricultural sector, with the potential to become a
leading producer of food in the European Union.
Structural reforms in health care, education, the
pension system, and state administration have resulted
in larger-than-expected fiscal pressures. Warsaw leads
Central Europe in foreign investment.
[64]
GDP growth
had been strong and steady from 1993 to 2000 with
only a short slowdown from 2001 to 2002.
The economy had growth of 3.7% annually in 2003, a
rise from 1.4% annually in 2002. In 2004, GDP growth
equaled 5.4%, in 2005 3.3% and in 2006 6.2%.
[65]

According to Eurostat data, Polish PPS GDP per capita
stood at 61% of the EU average in 2009.
[66]


Although the Polish economy is currently undergoing economic
development, there are many challenges ahead. The most notable
task on the horizon is the preparation of the economy (through
continuing deep structural reforms) to allow Poland to meet the
strict economic criteria for entry into the Eurozone. According to
the minister of finance Jacek Rostowski, Poland is likely to adopt the
euro in 2012
[67]
or 2013.
[68][69]
Some businesses may already accept
the euro as payment. In addition, the ability to establish and
conduct business easily has been cause for economic hardship as
the World Economic Forum recently ranked Poland near the bottom
of OECD countries in terms of the clarity, efficiency and neutrality of
its legal framework for firm to settle disputes.
[70]
A report
concluded that on-going foreign business disputes issues may have
damaged Polands reputation as an attractive location for FDI by
reinforcing the impression of Polands substandard reputation for
maintaining an efficient and neutral framework to settle business
disputes involving multinational foreign investors.
[71]
Ernst &
Young's 2010 European attractiveness survey reported that Poland
saw a 52% decrease in FDI job creation and a 42% decrease in
number of FDI projects since 2008.
[


Corporations


The Warsaw Stock Exchange is, by
market capitalisation, one of Central
Europe's largest
Warsaw is home to many of
Poland's largest business
enterprises

Poland is recognised as a regional economic power within Central
Europe, possessing nearly 40 percent of the 500 biggest companies
in the region (by revenues).
[80]
Poland was the only member of the
EU to avoid the recession of the late 2000s, a testament to the
Polish economy's stability.
[81]
The country's most competitive firms
are components of the WIG20 which is traded on the Warsaw Stock
Exchange.
Well known Polish brands include, amongst others, Tyskie, LOT
Polish Airlines, PKN Orlen, E. Wedel, Empik, Poczta Polska, PKO
Bank, PKP, Mostostal, PZU Insurance, and TVP.
[82]

Poland is recognised as having an economy with significant
development potential, overtaking the Netherlands in mid-2010 to
become Europe's sixth largest economy.
[83]
Foreign Direct
Investment in Poland has remained strong ever since the country's
re-democratisation following the Round Table Agreement in 1989.
Despite this, problems do exist, and further progress in achieving
success depends largely on the government's privatisation of
Poland's remaining state industries and continuing development
and modernisation of the economy.


Indian Companies in Poland

Indian companies are currently concentrating on its
primary competitive advantages such as tea, coffee, rice,
tobacco, cotton and in software services. Tata Tetley has
the second biggest market share after its acquisition of
local Vitax and Flosana trademarks in Poland. Zensar an
Indian outsourcing service provider is planning to employ
300 people in 30 months. TCS and WIPRO other large global
players have started operations in Poland. Once these
companies see initial potential they wouldnt hesitate to
invest heavily. Other major providers like HCL, Infosys have
made major moves in to Poland.
Reliance industries, Trevira a company of the Reliance
Group, and manufacturer of polyester fibers started
production of texturised yarns in Zielona Gora in 2006.

Indian Companies Presence

Following are the major industries Indian companies are
doing business
IT Services
Pharmaceutical Research
Polyester fibers
Packaging tubes
Tea
Indian companies are utilizing some of their competitive
advantages but there is a huge upside potential for various
businesses. We will look deeper in to various advantages
offered by Poland for companies to do business.


Poland GDP Growth Rate

The Gross Domestic Product (GDP) in Poland expanded 1.1
percent in the second quarter of 2011 over the previous quarter.
Historically, from 1995 until 2011, Poland's average quarterly GDP
Growth was 1.11 percent reaching an historical high of 6.40
percent in March of 1997 and a record low of -3.20 percent in
December of 1996. Poland has pursued a policy of economic
liberalization since 1990 and today stands out as a success story
among transition economies. In 2008, GDP grew an estimated
4.8%, based on rising private consumption, a jump in corporate
investment, and European Union funds inflows. Since 2004, EU
membership and access to EU structural funds have provided a
major boost to the economy. This page includes: Poland GDP
Growth Rate chart, historical data, forecasts and news. Data is
also available for Poland GDP Annual Growth Rate, which
measures growth over a full economic year.


Poland Inflation Rate

The inflation rate in Poland was last reported at 4.1
percent in July of 2011. From 1992 until 2010, the
average inflation rate in Poland was 11.55 percent
reaching an historical high of 46.50 percent in April of
1992 and a record low of 0.30 percent in April of
2003. Inflation rate refers to a general rise in prices
measured against a standard level of purchasing
power. The most well known measures of Inflation
are the CPI which measures consumer prices, and the
GDP deflator, which measures inflation in the whole
of the domestic economy. This page includes: Poland
Inflation Rate chart, historical data and news.