The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. For that purpose the PESTLE analysis was applied. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). | Published by: MarketLine 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. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. The Polish economy is well diversified. Weaknesses COVID-19 Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. Since 1990, the country's economy has been growing "exponentially." Dec 23 2020: 37: USD 350.00: New Cars in Peru . Roll No: 16. Print. The countrys risk score is in the low-risk nations band. More details are given under tab "Report License Types" below. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. The discussion below presents a PEST Analysis for Poland. | USD $350, June, 2021 The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. 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. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. 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. PEST Analysis: Poland. The PESTEL . Clipping is a handy way to collect important slides you want to go back to later. 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 huge potential to become a leading player in the export of new technologies. "The Poland Economy' PEST Analysis." There are many techniques that can be used to help identify what information to collect. 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. (Zdeb et al., 2020). Poland is one of the main source countries for revealed victims of labour exploitation in the UK. 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. 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. Activate your 30 day free trialto unlock unlimited reading. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Discounts available for multiple purchases. 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. . Print. Dont worry we wont send you spam or share your email address with anyone. https://ivypanda.com/essays/the-poland-economy-pest-analysis/, IvyPanda. Here is an analysis of the New Look Company through the pestle analysis. Click here to review the details. In 2020 Poland was ranked 55 out of 179 countries in the Index. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. Customers who infringe these license terms are liable for a Global license fee. Your privacy is extremely important to us. 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. To know more about the Poland macroeconomic outlook, download a free report sample. Now customize the name of a clipboard to store your clips. 2 June. Collecting information is a key part of the problem solving process. The Polish economy can improve further if the country can further develop its infrastructure. The law gives the person in receipt of a bribe immunity from prosecution if they report it to the authorities and assist in the prosecution of the bribe giver. 3. Please contact client services for any further information: A PESTLE This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. The political situation in the country offers new opportunities for doing business (Herbener 12). 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: psi@nationalarchives.gov.uk. We also use your market data in our Strategic Business Process to support our business decisions. - New employment laws for employee handbook maintenance. 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. 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. You can change your cookie settings at any time. Many Poles speak English well, and have excellent technical skills. (2020) 'The Poland Economy' PEST Analysis'. Read More. 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. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. 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. 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. The SlideShare family just got bigger. Levels of organised crime in Poland remain low and most businesses will be unaffected. You have accepted additional cookies. Political environment and its impact on Poland. London: Author-House, 2006. 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. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals Poland maintains very good relations with the United States. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. 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. 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. Agriculture, energy, manufacturing, and tourism are some of the top industries. Poland is also a diverse country in terms of culture (Zylicz 73). Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. 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. student. PEST analysis from a legal, economic . Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. The invention of graphene is also a success story for Poland. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. Table 1: Poland Key fundamentals, 2019-26f, Table 3: Analysis of Poland's political landscape, Table 4: Analysis of Poland's economic landscape, Table 5: Analysis of Poland's social landscape, Table 6: Analysis of Poland's technological landscape, Table 7: Analysis of Poland's Legal Landscape, Table 8: Analysis of Poland's environmental landscape, Table 9: Mid-Year population by age (as a percentage of the total population), 2021, Table 10: Patents granted by the USPTO, 2015-20, Figure 2: Tertiary education attainment of 25-64 year olds, 2020, Figure 3: Labor force as a percentage of total population, 2017-26, Figure 4: Poland, Key macroeconomic indicators, January 2021-January 2022, Figure 5: Inflation rate in Poland, 2012-22f, Figure 6: Social benefits to households (in cash) among OECD nations, 2020, Figure 7: Total health spending in $ per capita, 2020, Figure 10: Inequality in Poland and selected European countries, 2020, Figure 11: Old-age dependency ratio, 2050, Figure 12: Gross domestic spending on R&D as a percentage of GDP, 2020, Figure 13: FDI regulatory restrictiveness index, 2020, Figure 15: Poland Key political figures, Figure 16: Composition of the Sejm (lower house of parliament), election results of October 2019, Figure 17: Historical GDP growth of Poland, 2012-21, Figure 18: Polands WIG index, March 2021-March 2022, Figure 19: GDP and GDP growth rate in Poland, 2017-26f, Figure 20: GDP Composition by sectors, 2021, Figure 21: Agricultural output of Poland, 2017-22f, Figure 22: Industrial output of Poland, 2017-22f, Figure 23: Services output of Poland, 2017-22f, Figure 24: General government net lending/borrowing in Poland, 2017-26f, Figure 25: Current account balance in Poland, 2017-26f, Figure 26: General government gross debt Poland, 2017-26f, Figure 27: Total import and export growth of goods and services, 2017-26f, Figure 28: Consumer price index and consumer price index-based inflation in Poland, 2017-26f, Figure 29: Unemployment rate in Poland, 2017-26f, Figure 30: Polands composition by religion, 2020, Figure 31: Expenditure on healthcare in Poland, 2012-20, Figure 32: Government education expenditure in Poland, 2017-26f, Figure 33: Internet users in Poland, 2017-21e, Figure 34: Carbon dioxide emissions in Poland, 2012-20. a regional office. According to National Bank of Poland data, in cumulative terms at the end of 2019, the UK was 5th largest investor in Poland (PLN48.1bn). Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. professional specifically for you? - How does Poland perform in terms of healthcare, income distribution, and education? Kindly use your official email address and contact number to ensure speedy response. The Republic of Poland Area: 312685 sq km Capital : Warsaw Neighboring states: Germany, Czech Republic, Slovakia, Ukraine, Belarus, Lithuania, Russia Official Language: Polish Population: 38.6 million Time: Central European Time(GMT+1) Currency: Zloty(1 Euro:4.18 zloty,1$=3.15 zloty) Inflation: 4% GDP: 765.6 . 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. Czerny, Miroslawa. 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. 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. PESTLE analysis can be an extremely effective tool in business, if used correctly. 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). Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. In the UK, this figure stood at a staggering 9.9%. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with The Poles are unlikely to join the Eurozone soon. Most visitors to Poland experience no difficulties. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Economic environment and its impact on Poland. Ryan, Leo. The History of Poland. 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. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. 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. 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. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Deck-Partyka, Alicja. Warsaw: Oxford University Press, 2011. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. This person may print out a single copy of the publication. *Please note that the report cover image shown above is for representation purpose only. 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.". Well send you a link to a feedback form. (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 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 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. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. Warsaw: Oxford University Press, 2006. Need a custom Essay sample written from scratch by In Chapter 2, the most common RES technologies that can be combined with DHC are described. How does Poland perform in terms of healthcare, income distribution, and education? 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