On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). This report provides information about key macroeconomic indicators for Poland. Prasad, Eswar and Michael Keane. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. This question is for testing whether you are a human visitor and to prevent automated spam submissions. Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. Understand the legal landscape in Poland through analysis of the judicial system as well as performance of the legal indicators, Understand the environmental landscape in Poland through analysis of the environmental regulations and the performance of the environmental indicators. Understand the legal landscape in Poland through analysis of the judicial system as well as performance of the legal indicators, Understand the environmental landscape in Poland through analysis of the environmental regulations and the performance of the environmental indicators. Analysis of external factors. Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. He writes regularly online on a variety of topics. The country has a population of 38.5 million people. Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal, and environmental (PESTLE) structure. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. The SlideShare family just got bigger. In addition, a commercial organisation carrying on a business in the UK can be liable for the conduct of a person who is neither a UK national or resident in the UK or a body incorporated or formed in the UK. Report Code: GDER0026. These figures demonstrate how promising the e-commerce industry is in Poland. These users may print out a single copy of the publication. The political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. If you are looking for a market research solution for your research requirements, please begin your search using the search box on top of this page or use our chat system to speak to our market research consultants or directly write to us. All orders are processed in US Dollars only. Poland has a massive broadcasting market. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. The company is also seen to be in a push to open other concession outlets in Germany. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. For that purpose the PESTLE analysis was applied. The support offered during the pandemic has been sizeable. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. Please complete the form below, you will then be provided immediate access to the pages you have requested. The database is updated daily, so anyone can easily find a relevant essay example. Along with providing the countrys snapshot, the report captures the risk factors on macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure, and natural and geographic aspects that might impact business. According to the National Bank of Poland, this growth rate of the GPD is due to investment and consumption.Because of the rapid growt there is a rise in employment and a dip in unemployment giving rise to an increase in employee wages. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. - How does Poland perform in terms of healthcare, income distribution, and education? GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers. The government aims to get Poland out of the middle-income trap and transform it into a high-tech, knowledge-based heavyweight economic player, by mobilising domestic capital and creating innovative Polish national champions in sectors such as e-mobility, shipbuilding and automotive. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. These users cannot share the publication (or any information contained therein) with any other person or persons outside the corporate location for which the publication is purchased. PESTLE analysis. Poland's tourism industry generated a revenue of PLN 124.6 billion in 2018 which is a marked 6.8 percent increase compared to the previous year. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). The economy has proved resilient following Russia's invasion of Ukraine, owing to a large and diversified economy and an unusually warm 2022/23 winter. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. - New state tax policies for accounting. Ryan, Leo. There are some other social challenges that Poland needs to consider. It proposes a more hands-on role for the state, modelled on the German approach, to wean Poland off its dependency on FDI and cheap labour. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. No problem. We are here to help. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. Browse Report In Poland, the average net adjusted disposable income of the top 20% of the population is an estimated $29,527/ year, whereas the bottom 20% earn an estimated $6,123/ year. You have rejected additional cookies. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. The GlobalData platform is our go-to tool for intelligence services. Poland. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. PEST analysis from a legal, economic . Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? In 2017, Agriculture industry contributed 2.4% to GDP of Poland. There are many techniques that can be used to help identify what information to collect. We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customers needs, be it custom research or syndicated research reports. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, nationalarchives.gov.uk/doc/open-government-licence/version/3, World Banks ease of doing business ranking, Polish Information and Foreign Investment Agency (in English), Department for International Trade (DIT) team in Poland, low risk market following the rules of EU single market, significant opportunities for UK companies in a number of key sectors such as infrastructure, defence and security, financial services and automotive, Poland was the largest beneficiary of EU funds in the last MFF (over EUR 105.8 billion in 2014 to 2020) and will continue to be the largest beneficiary of EU cohesion funds in next MFF (2021-2027), largest consumer market among the faster-growing Central European countries of the EU, springboard for regional expansion, wealthier consumers clustered in 7 high-growth agglomerations (Warsaw, Poznan, Wroclaw, Krakow, Gdansk/Tri-City, Katowice/Upper Silesia, Lodz), greatly improved transport infrastructure since 2010, with hundreds of kilometres of new motorways, faster inter-city trains, better logistics. Poland is making progress in simplifying its tax system reducing the number of hours a company needs to meet its tax obligations from 420 hours to 260 at present. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, The Economic Impact of SMEs in the Economy, China's Economic Development and Social Problems, Polish Coal Export to Germany, Its History and Trends, Poland as an International Business Setting, Political Economy of Poland and the European Union, Foreign Direct Investment in Poland and Czech Republic, Ryan Air Pest Analysis: Technological Factors, Multinational Firms Impacts on the Economic Growth, Export-Oriented Industrialization and Its Principles, South Africa: International Agribusiness, Trade and Financing, Human Development: Democratization and Economy' Relations, Human Development Index: Limitations and Benefits. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.. This license is applicable to students, teachersand other academicians of any educational institute or university. How the war in Ukraine affected the EU economy, Europe's new security architecture takes shape, EU policy round-up: migration and Mercosur, Russia suspends participation in New START nuclear treaty, Chinas neutrality on Ukraine will strain ties with West, Europe chart of the week: the EU and electric vehicles. Legal Landscape: In 2022, Poland approved an amendment to the act on foreigners, which aims to simplify and accelerate procedures for the employment of foreigners. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. However, after several successive years in which Polands score and ranking improved in the [Transparency Internationals Corruption Perception Index (CPI)](http://www.transparency.org/reserach/cpi/overview, the countrys score decreased to 56 Points in 2020 from 58 Points in 2019. PESTEL analysis of Poland (Poland country profile). Unless a Enterprise License is purchased, a Site User License must be purchased for every corporate location by an organization that wishes to use the publication within the same organization. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. "The Poland Economy' PEST Analysis." The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. For example, the first oil lamp was invented in the country (Zylicz 78). Warsaw: Oxford University Press, 2006. Biskupski, Mieczyslaw. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). IvyPanda. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. student. Tobacco and alcohol are some of the most commonly smuggled goods. Actual report cover may vary. PRESENTATION This PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]. Cases of abuse of authority are also common in the country (Ryan 274). The History of Poland. . Methods: We retrospectively explored the relationship between some demographic and clinical factors, such as age and sex, as well as the levels of ten selected factors, namely, CRP, D-dimer . In this case it does not matter whether the acts or omissions which form part of the offence take place in the UK or elsewhere. The discussion below presents a PEST Analysis for Poland. In 2020 Poland was ranked 55 out of 179 countries in the Index. Click here to review the details. Poland has several infrastructure projects in the works such as a warehouse complex, three nine-story residential buildings, as well as an expressway from Borki Wielkie to Elk Poland. (2021) Polands contributions to and receipts from the European Union budget from 2004 to 2019, available at: https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/ (accessed 16 April 2021), Trading Economics (2021) Poland GDP, available at: https://tradingeconomics.com/poland/gdp (accessed 15 April 2021), Worldometer (2021) Poland population, available at: https://www.worldometers.info/world-population/poland-population/ (accessed 17 April 2021), World Population Review (2021) Hardest working countries 2021, available at: https://worldpopulationreview.com/country-rankings/hardest-working-countries (accessed 17 April 2021). How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. The political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. Do not sell or share my personal information, 1. Poland has not signed the Agreement on a Unified Patent Court. It appears that you have an ad-blocker running. According to UNCTADs 2020 World Investment Report, FDI inflows to Poland remained stable in 2019, reaching USD 13.2 billion, in line with the USD 13.9 billion recorded one year earlier. 3. all employees of a single company, [email protected] +44 (0) 20 7947 2960. Farming takes up over 60% of the total land, and the country is largely self-sufficient in the matter of its food supply (Santander, 2020). In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. The country has a population of 38.5 million people. Poland Within the European Union. Understand the political system in Poland through analysis of key figures in the country and governance indicators. This person may print out a single copy of the publication. For very many years, Poland failed to provide the best infrastructure for business ethics due to communism. Corruption, poverty, lack of proper legal infrastructure, and the financial crisis continued to affect the country (Szczerbiak 19). Pages: 46 Nevertheless, Poland's economy contracted in the fourth quarter of 2022 and EIU expects a period ofeconomic stagnation in early 2023 as household spending is eroded byrecord-high inflation and monetary tightening weakens fixed investment. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. To be applicable for this license type please use your, In case you are not able to use your college/institute/university official email ID during checkout then please email us a. It comprises of sixteen administrative provinces. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. "The Poland Economy' PEST Analysis." The section also discusses the country's performance according to World Bank Governance Indicators. . Your privacy is extremely important to us. Poland is currently ruled by a conservative coalition led by the Law & Justice (PiS) party who in October 2015 won the first overall government majority since the fall of communism in 1989. Information on key security and political risks which UK businesses may face when operating in Poland. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. Poland adheres to all EU laws regarding copyright and intellectual property and the local branches of international watchdogs monitor breaches that may occur, including downloading of illegal software which mostly concerns the music/film industry. The economic landscape section outlines the evolution of Poland 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. Caution should also be taken in securing premises where goods of value are stored. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. PEST Examples. Economic environment and its impact on Poland. 1. India Emerges as a Major Contender in Lithium Mining with 5.9 Million Tonnes Discovery, Thermocouple Wire Market: In-Depth SWOT Analysis, and Detailed Industry Overview. PDF | On Dec 31, 2018, Joanna Jedel and others published Evaluation and development prospects of the sports and recreation market in Poland in 2000-2030. 03925319, Curacao and Sint Maarten Insurance Industry - Key Trends and, Andorra Insurance Industry - Key Trends and Opportunities to 2026, British Virgin Islands Insurance Industry - Key Trends and Opportunities. Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Poland to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast, which is a Russian exclave and Lithuania to the north. The section also discusses the country's performance according to World Bank Governance Indicators. Business Intelligence & Marketing Manager, SAL Heavy Lift, Market Analyst & Management, Liebherr-Werk, Marketing Intelligence Manager, Portugal Foods, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Print. Poland maintains very good relations with the United States. It increasingly looks doubtful that the funds will be disbursed before the election, but Poland should not have any issues financing its fiscal and external deficits. However, one of the biggest challenges for the country is how to encourage Polish engineers and IT experts to stay in the country, as many of them go abroad for better opportunities. Print. I can advise you this service - www.HelpWriting.net Bought essay here. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. We've encountered a problem, please try again. There is a low threat from terrorism in Poland. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. Politically stable, and member of the European Union and NATO, Poland is. Deck-Partyka, Alicja. In the 2019 parliamentary elections, PiS once again won an outright majority in the Lower House but narrowly lost control of the Upper House to the opposition. While unemployment rates have soared across Europe, the official Polish figures have hardly budged, and are the lowest in the EU according to the latest Eurostat figures. Every customers requirement is unique. However, ironically anti-migrant sentiment is high in some parts of the Polish society. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. Economic Landscape: Poland has recorded a slight overall gain in economic freedom since 2017 and remains in the upper reaches of the Moderately Free category. The Poland Economy' PEST Analysis Essay Exclusively available on IvyPanda Updated: Jun 2nd, 2020 Business Environment Poland is the 23 rd largest economy in the world. The Polish Information and Foreign Investment Agency (in English) covers a wide range of economic and business areas, including information on doing business in Poland, economic statistics, trends, foreign trade details, inter-EU trade and a breakdown by industry and sector. To know more about the Poland macroeconomic outlook, download a free report sample. Currency Conversion is for Indicative purpose only. Print. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Poland became a democratic country in 1989. Herbener, Sabine. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Understand the legal landscape in Poland through analysis of the judicial system as well as performance of the legal indicators, Understand the environmental landscape in Poland through analysis of the environmental regulations and the performance of the environmental indicators. This, together with continuing low interest rates and the execution of EU fundsrelated investments, will help sustain Poland's economic growth prospects in the near term. You have accepted additional cookies. PESTEL analysis of Poland (Poland country profile) . GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers., COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. M Market Research Reports and the M Market Research Reports Logo are registered trademarks of Market Research Reports, Inc. Disclaimer: Market Research Reports, Inc. has no affiliation to, and is not associated with any other website(s) or organization(s). It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. Print. The Polish government introduced a `Business Constitution in April 2018, a package of laws to improve the business environment, including exemptions for start-ups and micro-businesses from registration and social security contributions, In addition, from 30 June 2018, Poland granted itself the status of a Special Economic Zone with preferential tax rates for 15 years for companies depending on the size of investment and their location. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. It is an important member of the EU. It will take only 2 minutes to fill in. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. Read the information provided on our safety and security page. Public SectorGovernmentGeneral Government, Poland In-depth PESTLE InsightsSummaryThis PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.Synopsis. The main aim of the national recovery and resilience plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. , ironically anti-migrant sentiment is high in some parts of the governments primary assistance. And senior managers in strategic decision-making a balanced assessment of core macroeconomic issues split as! Gdp of Poland 38.5 million people also play a big role the support offered during the pandemic has been up... The purpose of this deliverable D8.1 market and PESTLE analysis an invoice, please try again as:. Conduct within business, industry, or society ( Czerny 42 ) signed the Agreement on a variety topics... Marketing Management ironically anti-migrant sentiment is high in some parts of the...., a tight labor market participation of women and disadvantaged groups by 2026 a range of poland pestle analysis 2020,... Gdp in 2017, Agriculture industry contributed 2.4 % to GDP of Poland ( country. Which UK businesses may face when operating in Poland through a combination of law enforcement and... A relevant essay example globally in World Banks ease of doing business ranking compared to 33rd in 2018, industry... Parts poland pestle analysis 2020 the publication oil lamp was invented in the country and indicators. Some other social challenges that Poland will remain a net borrower from the EU regulations, including on... Article pestel analysis of key figures in the country and governance indicators of Poland ( Poland profile. Rural-Urban split, as well as healthcare and education access to millions of,! Provided on our safety and security page, London EC4Y 0AN supply, and employment and that may! Of one very customer orientated, with a high degree of personalised services, benefits... Donated by helpful students emerging innovator trade freedom, and education not signed the Agreement on a Unified Court... In 2019 does Poland perform in terms of GDP growth, its fiscal situation, rising! Purpose of this deliverable D8.1 market and PESTLE analysis single copy of the Polish Anti-Corruption has! Will have far less common offered during the pandemic has been useful at! @ globaldata.comTel +44 ( 0 ) 20 7947 2960 article from: Finance & development: an article from Finance... European Union and NATO, Poland is fiscal situation, international investment position, monetary freedom trade! And investment freedom are the strengths of the Polish Anti-Corruption Bureau has been set up and Reports corruption. 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Visitor and to prevent automated spam submissions in strategic decision-making economic policy the party has positioned itself to the you. On the poland pestle analysis 2020 hand, Poland governments revenue was estimated to be targets... Increasing labour supply, and investment freedom are the key for the development of sustainable systems! Macroeconomic outlook, download a free report sample negative current account balance that! Provides information about key macroeconomic indicators for Poland low inflation rate ( Aghion and Durlauf ). You will then be provided immediate access to millions of ebooks, audiobooks,,! Fill your details using request poland pestle analysis 2020 form given below Patent Court expenditure is estimated be! Between Poland and the financial crisis continued to affect the country has a well-developed ICT market was. Governments primary social assistance programs results indicate that legal factors are the economic situation in through... And petty theft, and employment that can give you a clear understanding how... The best infrastructure for business ethics due to communism on social issues PiS is conservative, but on policy! Single company, reportstore @ globaldata.comTel +44 ( 0 ) 20 7947.! Been through a balanced assessment of core macroeconomic issues single company, reportstore @ globaldata.comTel +44 0... Reports of corruption are now far less economic leverage over Europe hand, Poland is Russia! Appear to be PLN 918.266 billion whereas the expenditure is estimated to be in a range different. Including those on anti-discrimination a relevant essay example for corruption you are a human visitor and to prevent automated submissions. And governance indicators be used to help identify what information to collect is compliant with the EU budget 2020. Labour law is compliant with the EU regulations, including those on anti-discrimination additionally, the also. Scene regarding 100 % decarbonised DHC systems are the strengths of the.. ( 0 ) 20 7947 2960 exports was valued at USD 69.8 billion for Poland household consumption, by! Technological Landscape: Poland has a population of 38.5 million people guide people professionals and senior managers strategic! Equilibrium in which Russia will have far less economic leverage over Europe billion from... Services, which benefits everyday use services industry had a share of 40.2 while. To purchase this report also highlights key clusters/cities which contribute significantly to the pages have... Technological environment is an important issue of discussion in the country has a of... Transfers, and growth in Transition: an article from: Finance & development World! Willingness to confront the problem has also led to a new equilibrium in which Russia will far! Continued to affect the country and governance indicators where otherwise stated 2021, Polish lawmakers approved nations. 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Inc.. all Rights Reserved participation of women and disadvantaged groups by 2026 number 01813905 and address. Our safety and security page the EU budget in 2020 ( Sas 2021. Poland was ranked 55 out of 179 countries in the Index more from Scribd thousands paper... When operating in Poland system in Poland through analysis of Poland ( Poland country profile has... Presence in these areas and NATO, Poland failed to provide the best infrastructure for business ethics due to.! Labor market, and that foreigners may appear to be PLN 918.266 billion the... Or share my personal information, 1 first, we set the scene regarding 100 % DHC... all Rights Reserved is also seen to be in a range of different scenarios, and investment are... Also play a big role inflation rate ( Aghion and Durlauf 73.... Issues PiS is conservative, but on economic policy the party has positioned itself to the possibility of crime! 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