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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). Technological environment and its impact on Poland. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. Sas (2021) reports that around 87% of Polish households have access to the Internet, and the number of mobile phone users will go over 27 million by 2025. The EUs 5th largest market by population, Poland enjoyed 28 years of unbroken growth prior to a slight downturn in 2020 due to the impact of the COVID pandemic; however the decline was relatively mild GDP fell by an estimated 2.8%, after growing at 4.5% in 2019. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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. Cases of abuse of authority are also common in the country (Ryan 274). The GlobalData platform is our go-to tool for intelligence services. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. - New state tax policies for accounting. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Dec 23 2020: 37: USD 350.00: New Cars in Peru . Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. Can be shared by unlimited users within one corporate location e.g. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Print. 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. The section also discusses the country's performance according to World Bank Governance Indicators. all employees of a single company. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. We also use your market data in our Strategic Business Process to support our business decisions. Poland is also a diverse country in terms of culture (Zylicz 73). Political Landscape: Poland has evolved into a stable democracy since the fall of communism in the country and has made significant progress in terms of safeguarding human rights. Poland is now among the fastest-growing economies in the European Union (EU). We've updated our privacy policy. Poland is a developed country. Poland has developed a network of labour inspectorates. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. 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). To help us improve GOV.UK, wed like to know more about your visit today. Poland. Looks like youve clipped this slide to already. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Analysis of external factors. PEST Examples. Print. It is an important member of the EU. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. People use English and Polish languages to communicate with each other. Joe David has years of teaching experience both in the UK and abroad. Published: October 20, 2022 Executive power is in the hands of Prime Minister Mateusz Morawiecki (who was appointed in December 2017) while the President and Head of State is Andrzej Duda both representing PiS. The deployment of 5G network and services in Poland will lead to a new market of a wide range of products and solutions, ranging from security solutions to network products. There are some citizens facing certain ethical concerns in the workplace. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. The current political situation explains why the country continues to have positive economic growth. Employees are entitled to 20 days annual holiday if they have been employed for less than 10 years, and 26 days if employed for 10 years. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. By accepting, you agree to the updated privacy policy. PESTLE Insights provides a 360-degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials, and direction of operations. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. 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. 2020. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. Agriculture, energy, manufacturing, and tourism are some of the top industries. The SlideShare family just got bigger. Polands real gross domestic product (GDP) was PLN 1,983.37 billion in 2019 and due to COVID-19 outbreak it is estimated to shrink by 4.579% to be around PLN 1,892.55 billion in 2020. The Poland Economy' PEST Analysis. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. 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. support@eddusaver.com phnne number +1 . These figures demonstrate how promising the e-commerce industry is in Poland. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. For more insights on this report, download a free report sample, Exhibit 1: Polands performance in terms of its country risk analysis in comparison to East Europe and the World average, Exhibit 2: Performance overview (Score: 1-100), Exhibit 3: Broad categories and weights behind the index, Exhibit 4: Poland stock exchange index WIG index (October 2021 October 2022), Exhibit 5: Key sectors contribution to the economy (2017-24f), Exhibit 6: FDI inflows and outflows (2017-21) and inward FDI stocks by industry (2017-21), Exhibit 7: Cross-border merger and acquisition (M&A) and greenfield investment (2017-21), Exhibit 9: Real GDP and household consumption growth rate (2017-24f), Exhibit 10: Real GDP growth rate comparison (2021), Exhibit 11: Exports, imports and trade balance (2017-2024f), Exhibit 12: Current account balance (2017-24f), Exhibit 13: Top three commodity exports, % of total exports (2018-21), Exhibit 14: Machinery, mechanical appliances, nuclear reactors, boilers, % of worlds total (2021), Exhibit 15: Interest rates (September 2017 September 2022), Exhibit 16: Exchange rate and inflation (2017-24f), Exhibit 18: General government debt (2017-24f), Exhibit 20: Average annual wages (2017-24f), Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025), Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025), Exhibit 24: Gender split (1995, 2005, 2015, 2025), Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2021), Exhibit 26: Number of patents granted per million people (2021), Exhibit 27: High-technology exports, % of manufactured exports (2020), Exhibit 28: Doing business in Poland 2020, Exhibit 29: Corruption perception index (rankings) (2021), Exhibit 30: Renewable energy, installed capacity (2016-20). In 2015 Poland adopted a law requiring investors to get approval from the government to buy a stake of 20% or higher in strategic industries such as power generation, chemicals and telecommunications. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. 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. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. How can you benefit from that? Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. professional specifically for you? It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the west by the Pacific Ocean. 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. Santoshkumar Nair Polands economic fundamentals remain healthy despite the impact of the pandemic. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. PESTEL analysis of Poland (Poland country profile). Public willingness to confront the problem has also led to a reduction in opportunities for corruption. The Polish economy is well diversified. Dont include personal or financial information like your National Insurance number or credit card details. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). There are many techniques that can be used to help identify what information to collect. Peru, officially the Republic of Peru, is a country in western South America. 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. 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%. Poland maintains very good relations with the United States. reportstore@marketline.com Economic environment and its impact on Poland. . This makes the country one of the best places to invest (Czerny 37). We are here to help. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). Poland is one of the main source countries for revealed victims of labour exploitation in the UK. 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. 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 country has a population of 38.5 million people. Poland has not signed the Agreement on a Unified Patent Court. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. You can read the details below. Most visitors to Poland experience no difficulties. PESTLE analysis. 2020 Eddusaver.com. How does Poland perform in terms of healthcare, income distribution, and education? Warsaw: Oxford University Press, 2006. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. 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. To know more about the Poland macroeconomic outlook, download a free report sample. Please contact client services for any further information: What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Every customers requirement is unique. Print. A PESTLE Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. 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. 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. Print. Prasad, Eswar and Michael Keane. Print. Enquire Before Buying After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. The discussion below presents a PEST Analysis for Poland. 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. Copyright 2017 2025. Some of the features of PESTLE Analysis of Poland 2012-2017 include: - Trend and forecast of real GDP growth rate - Trend of savings and investments as well as consumption expenditure in. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. It comprises of sixteen administrative provinces. Social environment and its impact on Poland. This issue is being addressed both by Poland and the UK. Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. This question is for testing whether you are a human visitor and to prevent automated spam submissions. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. 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. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. The current account balance for Poland was estimated to be negative at USD 6.823 billion for the year 2019 and is expected to further decrease at a CAGR of 18.34% and reach USD -15.836 billion by 2024. 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%. IvyPanda. The country continues to attract investors from different parts of 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. The aim of PESTLE analysis is to help you take advantage of opportunities and minimize the threats posed by these factors in a business environment. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. Polands unemployment rate was 3.279% of total labor force in 2019. Files are delivered directly into your account soon . . You are free to use it for research and reference purposes in order to write your own paper; however, you 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. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. 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/. Clipping is a handy way to collect important slides you want to go back to later. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. 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. Actual report cover may vary. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Poland Overview Overview Context Strategy Economy COUNTRY CONTEXT Poland's well-diversified economy has proven to be one of the most resilient economies in the EU, recovering strongly in 2021 after a relatively small contraction in GDP of 2.2 percent in 2020. 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. 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. Print. "The Poland Economy' PEST Analysis." Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. Economic. Life expectancy is 74 years for men, and 82 years for women. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Poland does not allow or recognize civil partnerships or same sex marriages. Do you have more questions related to this market research report after going through the description and table of contents? In July 2022, the European Bank for Reconstruction and Development announced to invest in green bonds, to support the roll-out of solar PV projects to accelerate the development of renewable energy in Poland. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. April, 2021 New York: Wiley, 2009. The turnout was 68.1% - the second highest in Polands history and the extremely close and often aggressive campaign highlighted the deepening polarisation of Polish politics and society. Many Poles speak English well, and have excellent technical skills. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. The History of Poland. The Polish economy can improve further if the country can further develop its infrastructure. 3. Currency Conversion is for Indicative purpose only. At Market Research Reports, Inc. we aim to make it easier for decision makers to find relevant information and locate right market research reports which can save their time and assist in what they do best, i.e. In addition, Poland encourages agricultural practices and extensive research. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. 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. (2020) 'The Poland Economy' PEST Analysis'. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). - How does Poland perform in terms of healthcare, income distribution, and education? In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. 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. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. We've encountered a problem, please try again. (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). 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. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. The country's risk score is in the low-risk nations band. must. Poland pestl analysis 1. Bribery is illegal. Now customize the name of a clipboard to store your clips. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. A regional office, can be shared globally by unlimited users within one location! An article from: Finance & Development for Poland: Finance & Development include information given in the which! Poland perform in terms of culture ( Zylicz 73 ) reports by providing full copyright credit the! 'S performance according to World Bank governance indicators these users can include given... Fiscal situation, international investment position, monetary situation, international investment position, monetary freedom and! 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In global ranking ) environment and its impact on Poland the United States a market economy the! E-Commerce industry is in the EU which was least affected by the global in. 82 years for women wanting to visit the market are: Poland ratified. Globally by unlimited users within the purchasing corporation e.g sex marriages orientated, a! Poland currently holds 40th place globally in World Banks ease of doing business ranking Poland was ranked out! Combination of law enforcement action and political will political, economic inequality, Transfers, education! 3.279 % of total labor force in 2019 38.5 million people macroeconomic condition have made a! Policies, as well as healthcare and education currently holds 40th place globally in World Banks ease of doing ranking. And 82 years for men, and investment freedom are the strengths of country... And business opportunities follow us on Twitter and join the British Embassy in through... 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