In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. The History of Poland. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). 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. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. Polands per capita GDP was estimated at USD 15,629.88 whereas purchasing power parity (PPP) based per capita GDP is estimated to be at USD 33,747.36 for the year 2019. 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. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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. 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/. Warsaw: Nova Science Publishers, 2006. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. 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). 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. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Many Poles speak English well, and have excellent technical skills. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. 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. Warsaw: North Holland, 2013. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. Read the information provided on our bribery and corruption page. By: 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. 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 Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. You may contact us at any time to opt-out. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Currency Conversion is for Indicative purpose only. The PESTEL . . You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. 2020. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. The Poland Economy' PEST Analysis. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Collecting information is a key part of the problem solving process. Polish is the major language in the country while Christianity is the major religion. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. Activate your 30 day free trialto unlock unlimited reading. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Poland Within the European Union. | USD $350, February, 2022 The Poles are unlikely to join the Eurozone soon. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. "The Poland Economy' PEST Analysis." In addition, Poland encourages agricultural practices and extensive research. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Roll No: 16. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. 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%. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. The next issue in the PESTEL analysis of Poland is the economic environment. How does Poland perform in terms of healthcare, income distribution, and education? 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. 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). 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 political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. The company is also seen to be in a push to open other concession outlets in Germany. 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. This license allows for use of a publication by all users within one corporate location, e.g. 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. 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 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. . To know more about the Poland macroeconomic outlook, download a free report sample. Methods: We retrospectively explored the relationship between some demographic and clinical factors, such as age and sex, as well as the levels of ten selected factors, namely, CRP, D-dimer . Every customers requirement is unique. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. Clipping is a handy way to collect important slides you want to go back to later. The Poland Economy' PEST Analysis Essay Exclusively available on IvyPanda Updated: Jun 2nd, 2020 Business Environment Poland is the 23 rd largest economy in the world. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. We also use cookies set by other sites to help us deliver content from their services. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. The support offered during the pandemic has been sizeable. The major challenge affecting the country is the high rate of unemployment. 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. (2020) 'The Poland Economy' PEST Analysis'. Poland is a representative democracy where the president is the head of state. 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. 2020 Eddusaver.com. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. Compared to some other European countries, it offers affordable holidays for tourists. Information on key security and political risks which UK businesses may face when operating in Poland. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. 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. Polands ease of doing business ranking improved from 33rd position in 2018. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. The section also discusses the country's performance according to World Bank Governance Indicators. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. People use English and Polish languages to communicate with each other. 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%. 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. 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. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. Ryan, Leo. On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. | 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. Technical. Its current population is around 38 million (Worldometer, 2021). 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. Poland became a democratic country in 1989. 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. I can advise you this service - www.HelpWriting.net Bought essay here. PRESENTATION Learn how to effectively navigate the market research process to help guide your organization on the journey to success. 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. 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. 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. PEST analysis from a legal, economic . In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. 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. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. Zylicz, Tomasz. 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. London: Edward Elgar Pub, 2000. Discounts available for multiple purchases. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. To help us improve GOV.UK, wed like to know more about your visit today. Please complete the form below, you will then be provided immediate access to the pages you have requested. Looks like youve clipped this slide to already. 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. Poland pestl analysis 1. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. 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. There are many techniques that can be used to help identify what information to collect. The section also discusses the country's performance according to World Bank Governance Indicators. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. 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. The Polish Information and Foreign Investment Agency (in English) covers a wide range of economic and business areas, including information on doing business in Poland, economic statistics, trends, foreign trade details, inter-EU trade and a breakdown by industry and sector. The Polish economy is well diversified. 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.. Economists believe that Poland is one of the major economic powerhouses in the world. By accepting, you agree to the updated privacy policy. It is a politically stable country and has become a success story in Europe. all employees of a single company. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Read the information provided on our safety and security page. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. 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. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with 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. Poland has not signed the Agreement on a Unified Patent Court. 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. The Polish economy is well diversified. 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. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Poland. Read the information provided on our terrorism threat. Handbook of Economic Growth. To be applicable for this license type please use your, In case you are not able to use your college/institute/university official email ID during checkout then please email us a. London: Author-House, 2006. Do you have more questions related to this market research report after going through the description and table of contents? The country has a population of 38.5 million people. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. - New employment laws for employee handbook maintenance. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. There are some citizens facing certain ethical concerns in the workplace. The GDP of Poland was $677.5 billion in 2021. Understand the political system in Poland through analysis of key figures in the country and governance indicators. The country also enjoys the best cuisines, traditional practices, and religious beliefs. 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. Poland is now among the fastest-growing economies in the European Union (EU). Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Can be shared by unlimited users within one corporate location e.g. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. 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. - New state tax policies for accounting. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. This license is applicable to students, teachersand other academicians of any educational institute or university. The country continues to attract investors from different parts of the world. For that purpose the PESTLE analysis was applied. Request sent: your sample pages will be with you shortly. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. Print. Poland. Farming takes up over 60% of the total land, and the country is largely self-sufficient in the matter of its food supply (Santander, 2020). Most visitors to Poland experience no difficulties. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. 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. In terms of labour costs, Poland is still one of the cheapest countries in Europe. 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. These users may print out a single copy of the publication. Read the information provided on our Intellectual Property page. must. In Chapter 2, the most common RES technologies that can be combined with DHC are described. In the 2019 parliamentary elections, PiS once again won an outright majority in the Lower House but narrowly lost control of the Upper House to the opposition. New York: Routledge, 2003. We also use your market data in our Strategic Business Process to support our business decisions. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. Warsaw: Oxford University Press, 2011. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Minimum wages were 583.48 euro per month in the third quarter of 2020 which increased to 614.08 euro per month in the first quarter of 2021 which equals to 7368.96 euro per year (Trading Economics, 2021). IvyPanda. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. 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). The goal of this article is to identify the existing economic situation in the four main Southern European countries: Greece, Italy, Portugal, and Spain (GIPS), and in Poland, conduct a. Other relevant articles for you are: If you liked any of these articles, please feel free to share with others by clicking on the social sharing icons. The country has a population of 38.5 million people. The SlideShare family just got bigger. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals Print. Dont worry we wont send you spam or share your email address with anyone. PEST Analysis, Country Forecast and Other Details. 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 . 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Assessment of core macroeconomic issues theft do exist, though Poland benefits from a Anti-Corruption! With anyone after going through the description and table of contents for which! Black carbon growth rate on social issues PiS is conservative, but on economic the! Questions related to this market research process to support our business decisions data in our Strategic business to... Then be provided immediate access to millions of ebooks, audiobooks, magazines and...