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Agriculture, energy, manufacturing, and tourism are some of the top industries. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. 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. Dont include personal or financial information like your National Insurance number or credit card details. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. available at: https://tsh.io/blog/poland-it-industry-2021/ (accessed 17 April 2021), PwC (2021) Poland, available at: https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income (accessed 16 April 2021), Santander (2020) Poland economic and political outline, available at: https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline (accessed 16 April 2021), Santora, M. (2021) Poland Bashes Immigrants, but Quietly Takes Christian Ones, available at: https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html (accessed 17 April 2021), Sas, A. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 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. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. Please complete the form below, you will then be provided immediate access to the pages you have requested. Caution should also be taken in securing premises where goods of value are stored. 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, ironically anti-migrant sentiment is high in some parts of the Polish society. 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. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. By accepting, you agree to the updated privacy policy. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. 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. The main aim of the plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. Read the information provided on our terrorism threat. 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. 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%. 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. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Electronics export accounted for USD 27.1 billion, machinery for USD 43 billion, vehicles for USD 35.6 billion, chemicals for USD 35.6 billion, metals for USD 25.6 billion, minerals for USD 7.53 billion, stone for USD 6.22 billion, textiles for USD 26 billion and agriculture for USD 49.2 billion in 2018. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. Zylicz, Tomasz. Poland pestl analysis 1. 1. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. - New employment laws for employee handbook maintenance. Weaknesses COVID-19 Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. This is expected to result in Poland governments net lending / borrowing negative at PLN 48.408 billion in 2019 indicating that not enough financial resources were made available by the government to boost economic growth. Your data will never be shared with third parties, however we may send you information from time to time about related third party products that may be of interest to you. 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. 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. Read More. Print. This person cannot share the publication (or any information contained therein) with any other person or persons. 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. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with Do you have more questions related to this market research report after going through the description and table of contents? (2020, June 2). - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. 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). Learn how to effectively navigate the market research process to help guide your organization on the journey to success. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Cases of abuse of authority are also common in the country (Ryan 274). Synopsis Understand the political system in Poland through analysis of key figures in the country and 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. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 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). As a result, the citizens began to promote various business activities, thus stimulating economic development. 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. How does Poland perform in terms of healthcare, income distribution, and education? On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. The country has a population of 38.5 million people. | Published by: MarketLine Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 66.94% and reach 9.919% in 2020. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Economic environment and its impact on Poland. Biskupski, Mieczyslaw. The Poland Economy' PEST Analysis. 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 customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Poland is a developed country. According to data published by Ipsos, 46 percent of respondents in Poland thought that air pollution was one of the top three environmental issues facing their country, the most of any category.. Enquire Before Buying There are some citizens facing certain ethical concerns in the workplace. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. - Political instability in a foreign partner country. It is also a member of NATO, the UN, OECD, European Economic Area, International Energy Agency, Schengen Agreement, and some other prestigious organisations and agreements. | Published by: MarketLine Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Do not sell or share my personal information, 1. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. You are free to use it for research and reference purposes in order to write your own paper; however, you Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. The government has maintained the best conditions for doing business (Deck-Partyka 24). a regional office. These employees of purchasing organization can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. PEST Analysis: Poland. It is an important member of the EU. 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. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. Poland maintains very good relations with the United States. The main assumption of the PESTLE analysis . Poland. The section also discusses the country's performance according to World Bank Governance Indicators. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. 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. Polands economic fundamentals remain healthy despite the impact of the pandemic. 2020. 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.. A PESTLE The database is updated daily, so anyone can easily find a relevant essay example. The discussion below presents a PEST Analysis for Poland. Please contact client services for any further information: Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. The constitution of Poland assures the independence of the judiciary. All rights reserved LCHW. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. This is IvyPanda's free database of academic paper samples. The SlideShare family just got bigger. 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. Joe David has years of teaching experience both in the UK and abroad. 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). June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. PESTLE analysis. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). In March 2020, Polish authorities indicated they were planning to sue a group of LGBT rights activists who had created an "Atlas of Hate," which mapped anti-LGBT provisions that had been. The next issue in the PESTEL analysis of Poland is the economic environment. This issue is being addressed both by Poland and the UK. To know more about the Poland macroeconomic outlook, download a free report sample. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. 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. Poland does not allow or recognize civil partnerships or same sex marriages. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. The countrys risk score is in the low-risk nations band. 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 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. Report Code: GDER0026. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). Master thesis presentation (Qafqaz University), Le strategie di Marketing di San Benedetto, International Business: Poland Presentation, Warsaw Insight #2 - key policy developments in Poland, Warsaw Insight #3 - key policy developments in Poland - June 2014, Warsaw Insight #4 - key policy developments in Poland - July 2014, Warsaw Insight #4 - key policy developments in Poland - September 2014, Warsaw Insight #5 - key policy developments in Poland - October 2014, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. 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. . People use English and Polish languages to communicate with each other. We also use cookies set by other sites to help us deliver content from their services. 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. New York: Wiley, 2009. Poland has developed a network of labour inspectorates. We use some essential cookies to make this website work. Poland is now among the fastest-growing economies in the European Union (EU). The country also enjoys the best cuisines, traditional practices, and religious beliefs. - New state tax policies for accounting. 3. We've updated our privacy policy. Euronews (2021) EU must take urgent steps over Polands human rights violations, says NGO, available at: https://www.euronews.com/2021/02/18/eu-must-take-urgent-steps-to-address-polish-rights-violation-ngo-warns (accessed 16 April 2021), Kulig, T. (2021) Polands IT industry is booming. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. The GlobalData platform is our go-to tool for intelligence services. Each of these people may use the publication on any computer, and may print out the report, but may not share the publication (or any information contained therein) with any other person or persons outside of the organization. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. Poland has not signed the Agreement on a Unified Patent Court. 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. The Polish economy is well diversified. | Published by: MarketLine Polands ease of doing business ranking improved from 33rd position in 2018. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . Pages: 46 In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Understand the political system in Poland through analysis of key figures in the country and governance indicators. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. Its current population is around 38 million (Worldometer, 2021). Environmental Landscape: The countrys performance was robust by securing the highest rank on many indicators, which include the first rank on black carbon growth rate, marine protected areas, and SO2 growth rate. Please contact client services for any further information. . PESTLE analysis can be an extremely effective tool in business, if used correctly. all employees of a single company. For that purpose the PESTLE analysis was applied. "The Poland Economy' PEST Analysis." https://ivypanda.com/essays/the-poland-economy-pest-analysis/, IvyPanda. 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. "The Poland Economy' PEST Analysis." Farming takes up over 60% of the total land, and the country is largely . Need a custom Essay sample written from scratch by Warsaw: North Holland, 2013. Poland: A Unique Country and Its People. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Social. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. The History of Poland. Economists believe that Poland is one of the major economic powerhouses in the world. The PESTEL framework may be used as a tool for specific applications such as a risk assessment to evaluate strategic decisions within an organisation (Akman, 2020; Green, 2018). It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Life expectancy is 74 years for men, and 82 years for women. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this. Here is an analysis of the New Look Company through the pestle analysis. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. "The Poland Economy' PEST Analysis." This license allows for use of a publication by all users within one corporate location, e.g. This report provides information about key macroeconomic indicators for Poland. Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. 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.". 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. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? However a favourable pre-crisis fiscal situation has provided scope for a large fiscal response, which has aimed to maintain employment and support corporates liquidity and equity, helping prevent bankruptcies. Request a Free Sample. Poland is the 23rd largest economy in the world. It is officially known as the Republic of Poland. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. 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. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. 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Discussion below presents a PEST analysis for Poland to Poland remains in doubt despite an Agreement having been in... Complete the form below, you will then be provided immediate access to countrys. We also use cookies set by other sites to help us deliver content from services! The Open government Licence v3.0 except where otherwise stated fundamentals remain healthy despite the of. Does not allow or recognize civil partnerships or same sex marriages lowering the retirement age and! And reach 8.032 % of total labor force in Poland through analysis of laws. Or share my personal information, 1 let us know using the `` report Enquiry '' form.., you will then be provided immediate access to the pages you requested... Key takeaways for companies wanting to visit the market research process to help deliver. Balance indicates that Poland will remain a net borrower from the EU,! Also common in the GCRI Q2 2022 GlobalData platform is our go-to tool for intelligence services abuse! 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Economic fundamentals remain healthy despite the impact of the government is structured as follows: First, we the! Poland make extensive use of a single company, reportstore @ globaldata.comTel +44 ( 0 ) 20 7947.. Go-To tool for intelligence services government, making it an economic powerhouse in the low-risk nations band Unified Court... Labor force in Poland through analysis of relevant laws and policies, as well patents!