Nonetheless the GDP dropped by 61 in 2007 and global financial crisis weakened

Nonetheless the gdp dropped by 61 in 2007 and global

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capital formations, private consumptions, and net profits. Nonetheless, the GDP dropped by 6.1% in 2007 and global financial crisis weakened the growth of the GDP to 2.5% in 2008 before the economy contracted by 4.1% in the following year. But the government has instituted the fiscal consolidation that aims to see an increase of an average of 3.0% in 2017. Social Environment The country has a politically stable and the economic environment has boost many incentives for foreign investment. For FDI to succeed, one is expected to mitigate the cultural disparity and establish competition from the local retailers. The Czech culture is characterized by a social expectation of unassuming and politeness where people adhere to all rules and regulations. Technological Environment Czech Republic has a lot of energy in terms of steam and nuclear power as the annual production of electricity is averaged at 65.4%. The country also a history of rich scientific tradition that is based in learning institutions such as universities. Legal Environment The county has laws a system of laws that outlaw employment discrimination based on political views, faith, sexual orientation, and race. Workers are represented by a labor union where a majority of the member belong to non-affiliated unions. There is a restriction on imports from Singapore. PESTLE Analysis of Ireland Political Environment It’s a sovereign state in the north-western coast of Europe with a capital city of Ireland known as Dublin. Politically, it’s divided between Republic of Ireland and Northern Ireland that is part of the United Kingdom. The country is a constitutional republic with a government that is led by a
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parliament. With a population of only 4.7 million people, the Irish government is stable and very lenient when it comes to regulation of prices on good and services. This allows businesses to be flexible when changing the prices as they do not have to consult the government.
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