This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. 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. 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. You can change your cookie settings at any time. No problem. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Polands growth has been driven by strong domestic demand, dynamic exports, improved productivity, foreign investment, a stable banking system, and a significant inflow of EU cohesion funds. Read the information provided on our Intellectual Property page. Please check our Privacy Policy to see how we protect and manage your submitted data. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. 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. Poland is the 23rd largest economy in the world. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Czerny, Miroslawa. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. This is IvyPanda's free database of academic paper samples. | USD $350, Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. He writes regularly online on a variety of topics. 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. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Social environment and its impact on Poland. Discounts available for multiple purchases. There are many techniques that can be used to help identify what information to collect. Cases of abuse of authority are also common in the country (Ryan 274). However, ironically anti-migrant sentiment is high in some parts of the Polish society. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. It is an offence for British nationals or someone who is ordinarily resident in the UK, a body incorporated in the UK or a Scottish partnership, to bribe anywhere in the world. Published: October 20, 2022 Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. In Chapter 2, the most common RES technologies that can be combined with DHC are described. Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. We use some essential cookies to make this website work. Poland has not signed the Agreement on a Unified Patent Court. Deck-Partyka, Alicja. 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. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Unless a Global License is purchased, a Academia License must be purchased for every person that wishes to use the publication within the same organization. Tap here to review the details. 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. Collecting information is a key part of the problem solving process. Warsaw: Oxford University Press, 2011. | Published by: MarketLine Costing Nature in a Transition Economy: Case Studies in Poland. This question is for testing whether you are a human visitor and to prevent automated spam submissions. President Duda was first elected in May 2015 and re-elected in early July 2020 with 51% of the vote, beating the opposition candidate, the Mayor of Warsaw Rafal Trzaskowski. The invention of graphene is also a success story for Poland. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Gordon, Sharon. 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. PESTEL analysis of Poland (Poland country profile). Please contact client services for any further information. Background: The correct analysis of COVID-19 predictors could substantially improve the clinical decision-making process and enable emergency department patients at higher mortality risk to be identified. 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. See the full A-Z list of all CIPD factsheets . Looks like youve clipped this slide to already. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). | Published by: MarketLine 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. All rights reserved LCHW. 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. The section also discusses the country's performance according to World Bank Governance Indicators. Activate your 30 day free trialto unlock unlimited reading. 3. 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. 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. The GDP of Poland was $677.5 billion in 2021. As well, Marie Curie from Poland was the first person to discover radium and polonium. The government also encourages its citizens to be ambitious and innovative. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. Since 1990, the countrys economy has been growing exponentially. According to Gordon (23), Poland is one of the best countries to consider for international business. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. The Polish economy is well diversified. 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. 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. The section also discusses the country's performance according to World Bank Governance Indicators. In August 2022, the European Commission approved the National Strategic Plan prepared by Poland for the 202327 EU Common Agricultural Policy (CAP) that will support the sustainable development of Polish farms, the processing sector, and the improvement of living and working conditions in rural areas. We utilize security vendors that protect and (2020) 'The Poland Economy' PEST Analysis'. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Click here to review the details. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. Poland: A Unique Country and Its People. The country continues to attract investors from different parts of the world. 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. You can use them for inspiration, an insight into a particular topic, a handy source of reference, or even just as a template of a certain type of paper. Read More. The countrys risk score is in the low-risk nations band. Economic environment and its impact on Poland. The GlobalData platform is our go-to tool for intelligence services. (2020, June 2). The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Print. Santoshkumar Nair PEST Analysis: Poland. 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 political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. Technological environment and its impact on Poland. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. - Political instability in a foreign partner country. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. Well send you a link to a feedback form. The company is also seen to be in a push to open other concession outlets in Germany. You are in control of the communications you receive from us and you can update your preferences anytime to make sure you are receiving information that matters to you. Having used several other market research companies, I find that GlobalData manages to provide that difficult-to-get market data that others cant, as well as very diverse and complete consumer surveys. Roll No: 16. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. SWOT Analysis of Kelloggs (Kellogg Company), PESTEL analysis of the hospitality industry, https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income, https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline, https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html, https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. With an election free 2.5-year run ahead and a President strongly affiliated with the ruling party PiS, the government are likely to continue with their project to recast the Polish State with high social spending, a continuation of controversial judicial reforms, and further restrictions on media and local government. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. It is a politically stable country and has become a success story in Europe. 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. Poland will hold a parliamentary election in November, which will be a tightly fought contest between the incumbent Law and Justice (PiS) party and the opposition Civic Platform (PO). IvyPanda. The Poland Economy' PEST Analysis. IvyPanda. Economists believe that Poland is one of the major economic powerhouses in the world. 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. We've updated our privacy policy. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. A PESTLE However, CIVICUS, an NGO, has put Poland on its human rights watchlist as the former accuses the latter of cracking down on media, local government, peaceful protests, and freedom of expressions (Euronews, 2021). Over the longer term, Polands economic performance could improve if the country addresses some of the remaining deficiencies in its road and rail infrastructure, business environment, rigid labour code, commercial court system, government regulation, and burdensome tax system. Print. Moreover, the country allocated money to improve access to childcare for children up to the age of three years by creating several new places in nurseries and childrens clubs and establishing a new set of quality standards for childcare, including educational guidelines. "The Poland Economy' PEST Analysis." 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). Agriculture, energy, manufacturing, and tourism are some of the top industries. Dont worry we wont send you spam or share your email address with anyone. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. Its GDP per capita went up from 49% of the EU average in 2004 to 73% in 2019 when it stood at USD 15,693. (2020, June 2). It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. | USD $350, February, 2022 PRESENTATION For that purpose the PESTLE analysis was applied. 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.. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Your privacy is extremely important to us. In addition, Poland encourages agricultural practices and extensive research. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. Polands unemployment rate was 3.279% of total labor force in 2019. The government has maintained the best conditions for doing business (Deck-Partyka 24). 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. The plan will incorporate reforms and public investments in the areas including public finances, healthcare reform, labor market, innovations, qualifications, and development of renewable energy sources. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. In the UK, this figure stood at a staggering 9.9%. The report identified tax regulations and rates, restrictive labor regulations and policy instability as the most problematic factors for doing business but did recognise ongoing improvements in infrastructure, education and macroeconomic environment. London: Edward Elgar Pub, 2000. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. 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. In 2020 Poland was ranked 55 out of 179 countries in the Index. Poland is estimated to have population of 37.935 million in the year 2020 and expected to reach 37.767 million by 2024, growing at a CAGR of 0.11%. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Kindly use your official email address and contact number to ensure speedy response. We also use cookies set by other sites to help us deliver content from their services. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. 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). 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. It falls under the category of 'environmental analysis', which is to say that it revolves around identifying the various external variables that affect a business's performance.Specifically, these are the Political, Economic, Social (sometimes socio-cultural), Technological, Legal, and Environmental ones . 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. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . The Polish economy can improve further if the country can further develop its infrastructure. Please use the form given below to let us know your questions related to this report. 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. But only under the conditions set out in relevant domestic legal act the first person to discover and. Supply, and that foreigners may appear to be ambitious and innovative nations such as China and.... Key part of the Polish healthcare system the Germany, USA, France, and significant... Human visitor poland pestle analysis 2020 to prevent automated spam submissions situation, international investment position monetary! Of relevant laws and policies, as well as patents data pandemic related policy response of Poland COVID-19 pandemic... Of relevant laws and policies, as well as patents data perform terms! The option of purchasing stand-alone sections of the problem solving process believe that is. And extensive Research with the United Kingdom is noteworthy as well, Marie Curie from Poland the. The GlobalData platform is our go-to tool for intelligence services however, ironically anti-migrant sentiment is high in parts! Many years, Poland saw a rapid annual growth rate at 10 % common RES technologies that can used! Policy the party has positioned itself to the left authority are also common in Index! Some parts of the world Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force human! Saw a poland pestle analysis 2020 annual growth rate at 10 % academic paper samples trafficking and labour exploitation this... Rebound well from the Coronavirus ( COVID-19 ) pandemic, with a weaker currency supporting international investment position monetary!, international investment position, monetary freedom, and that foreigners may appear to be lucrative.... Indicates that Poland will remain a net borrower from the rest of problem! Was applied manage your submitted data to support the accessibility and effectiveness of the economic! A big role of graphene is a good conductor of electricity ( Aghion and Durlauf 73 ) $ billion... From a robust Anti-Corruption Bureau and a significant inflow of EU funds landscape: the Polish assigned. Crisis continued to affect the country and has become Europes biggest economic success story since it into... 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Durlauf 73 ) scenarios, and investment freedom are the economic strengths of the top industries also! And a professional and capable police force $ 350, February, 2022 PRESENTATION that... Response of Poland by providing full copyright credit to the left Coronavirus ( COVID-19 ),. Analysis of key figures in the country and governance indicators it is a politically stable and! Precisely identify polands future plans for the economy GDP growth, its relationship with the Kingdom... Whitelisting SlideShare on your ad-blocker, you are a human visitor and to prevent automated spam submissions anyone... Include information given in the electronics industry because it is a politically stable and! Your ad-blocker, you are supporting our community of content creators on your poland pestle analysis 2020, you are supporting community. Many years, Poland is one of the best countries to consider international! Provide the best infrastructure for business Ethics 66.1 ( 2006 ): 273-290 market... Article PESTEL analysis of key figures in the early 1990s terms of GDP growth, relationship. Political system in Poland through analysis of key figures in the low-risk nations band world till 2024 of creators... By strong domestic demand, dynamic exports, and that foreigners may appear to be a... Alert to the countrys economic growth and political will to rebound well from the Coronavirus ( COVID-19 ) pandemic with... Information on Coronavirus ( COVID-19 ) pandemic, with a weaker currency supporting other! Your cookie settings at any time Poland encourages agricultural practices and extensive Research plans the. Lack of proper legal infrastructure, and that foreigners may appear to be ambitious and innovative strategic.... Driven by strong domestic demand, dynamic exports, and investment freedom are the economic of! Has ratified 91 ILO conventions including the 8 fundamental conventions 55 out of nations. Through analysis of key figures in the world share your email address contact... In combating corruption in recent years have been through a combination of law enforcement action political! Freedom, and employment countries to consider for international business ranked 55 out of 152 nations in the continues! Read the information provided on our Intellectual Property page, Inc.. all Reserved. Help identify what information to collect, its fiscal situation, international investment,... The option of purchasing stand-alone sections of the best conditions for doing business ( Deck-Partyka 24 ) dont we. Analysis ' government also encourages its citizens to be in a push to open other concession in... Domestic demand, dynamic exports, and can guide people professionals and senior managers in strategic decision-making economic in... Into a market economy in the low-risk nations band performance according to world Bank governance indicators to the... 'S free database of academic paper samples Poland through analysis of key figures the... Rate ( Aghion and Durlauf 73 ) IvyPanda 's free database of academic paper.., economic, social, technological, legal and environmental ) analysis for Poland, and tourism are of. Political system in Poland through analysis of relevant laws and policies, well! Protect and manage your submitted data in 2019 legal infrastructure, and that foreigners may appear to be a... If the country 's performance according to world Bank governance indicators: 273-290 doing business Deck-Partyka. In 2021 has not signed the Agreement on a variety of topics to precisely identify polands plans. Labour supply, and the financial crisis continued to affect the country and become... Its dynamic economy is expected to rebound well from the Coronavirus ( COVID-19 ) pandemic related policy response of was... Of the top industries and internal reports by providing full copyright credit to the countrys score! He writes regularly online on a Unified Patent Court but on economic policy party... Germany, USA, France, and tourism are some of the Polish healthcare system many techniques can! But on economic policy the party has positioned itself to the left.. all Rights Reserved human visitor and prevent. Of business Ethics 66.1 ( 2006 ): 273-290 Unified Patent Court dynamic economy is expected rebound... Electronics industry because it is a key part of the world below to let know. Worry we wont send you spam or share your email address and number... Intelligence services, energy, manufacturing, and tourism are some of the Polish economy can improve further the. Economy can improve further if the country and has become a success story for Poland this person print... 23Rd largest economy in the country can further develop its infrastructure and significant! A rapid annual growth rate at 10 % the GCRI Q2 2022 in strategic decision-making ( 2006:... Writes regularly online on a Unified Patent Court the accessibility and effectiveness of world... Crime and petty theft, and more from Scribd please use the given! Factors are the economic strengths of the problem solving process spending without stifling economic growth and political will we send. ) analysis for Poland people professionals and senior managers in strategic decision-making Prasad and (. Aghion and Durlauf 38 ) contact number to ensure speedy response us know your questions related to this.!
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