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. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. Free access to premium services like Tuneln, Mubi and more. Poland. 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. 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 . EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Social environment and its impact on Poland. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. More details are given under tab "Report License Types" below. An Important Business Analysis Tool, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor, Strategies for School and College Security, Steps to Secure your Business After a Cybersecurity Breach. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. 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. | Published by: MarketLine Polands economic fundamentals remain healthy despite the impact of the pandemic. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. An slimmed alternative to PESTLE is the PEST Analysis. We've encountered a problem, please try again. 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. Economic environment and its impact on 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%. 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. (2020, June 2). You can change your cookie settings at any time. 3. 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. Well send you a link to a feedback form. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. The constitution of Poland assures the independence of the judiciary. 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. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. These users may print out a single copy of the publication. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. Read the information provided on our Intellectual Property page. 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. 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. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. Poland. This is IvyPanda's free database of academic paper samples. (2020) 'The Poland Economy' PEST Analysis'. 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 . Politically stable, and member of the European Union and NATO, Poland is. How does Poland perform in terms of healthcare, income distribution, and education? 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. India Emerges as a Major Contender in Lithium Mining with 5.9 Million Tonnes Discovery, Thermocouple Wire Market: In-Depth SWOT Analysis, and Detailed Industry Overview. Agriculture, energy, manufacturing, and tourism are some of the top industries. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. must. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. "The Poland Economy' PEST Analysis." 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. We also use cookies set by other sites to help us deliver content from their services. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. 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. 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. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. 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. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. This license allows for use of a publication by all users within one corporate location, e.g. Report Code: GDER0026. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. | Published by: MarketLine The discussion below presents a PEST Analysis for Poland. Please contact client services for any further information. The support offered during the pandemic has been sizeable. We utilize security vendors that protect and The Poland Economy' PEST Analysis. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. Similarly, the standard corporate income tax (CIT) rate is 19% and a lower 9% rate for small taxpayers with revenues of up to 1.2 million euros a year (PwC, 2021). IvyPanda. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. | 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. 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. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. It proposes a more hands-on role for the state, modelled on the German approach, to wean Poland off its dependency on FDI and cheap labour. See the full A-Z list of all CIPD factsheets . 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. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). 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. Dont include personal or financial information like your National Insurance number or credit card details. There are many techniques that can be used to help identify what information to collect. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. 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.. This license is applicable to students, teachersand other academicians of any educational institute or university. The government aims to get Poland out of the middle-income trap and transform it into a high-tech, knowledge-based heavyweight economic player, by mobilising domestic capital and creating innovative Polish national champions in sectors such as e-mobility, shipbuilding and automotive. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. 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. By: This person cannot share the publication (or any information contained therein) with any other person or persons. 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. The GlobalData platform is our go-to tool for intelligence services. | Published by: MarketLine Now customize the name of a clipboard to store your clips. 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. As a result, the citizens began to promote various business activities, thus stimulating economic development. 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. You can read the details below. 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. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. This essay on The Poland Economy PEST Analysis was written and submitted by your fellow 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. Please complete the form below, you will then be provided immediate access to the pages you have requested. 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. Economic. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. Here is an analysis of the New Look Company through the pestle analysis. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. 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. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. Actual report cover may vary. Print. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. London: Author-House, 2006. Please contact client services for any further information: Your sample pages are downloading now. The invention of graphene is also a success story for Poland. It is an important member of the EU. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. Legal environment and its impact on Poland. Understand the political system in Poland through analysis of key figures in the country and governance indicators. The section also discusses the country's performance according to World Bank Governance Indicators. We offer syndicated research reports (like country analysis, SWOT analysis, competitive intelligence, industry reports, company reports and market analysis & trends reports) and custom market research from our website MarketResearchReports.com only. In addition, Poland encourages agricultural practices and extensive research. Gordon, Sharon. PEST Analysis, Country Forecast and Other Details. In terms of labour costs, Poland is still one of the cheapest countries in Europe. 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. Print. 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. 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. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Please contact client services for any further information: 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.. 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. Poland's tourism industry generated a revenue of PLN 124.6 billion in 2018 which is a marked 6.8 percent increase compared to the previous year. The Polish economy is well diversified. | USD $350, May, 2021 Social. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. 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). How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. Understand the political system in Poland through analysis of key figures in the country and governance indicators. "The Poland Economy' PEST Analysis." Technical. Poland is a major economic power in Europe. Read the information provided on our organised crime page. 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. 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. a regional office. How can you benefit from that? Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. April, 2021 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. +44 20 7947 2960. Poland is also a diverse country in terms of culture (Zylicz 73). Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). PESTLE analysis can be an extremely effective tool in business, if used correctly. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. IvyPanda. reportstore@marketline.com . Warsaw: Oxford University Press, 2004. 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). reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. The main assumption of the PESTLE analysis . Information on key security and political risks which UK businesses may face when operating in Poland. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. Your privacy is extremely important to us. 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. New York: Routledge, 2003. We are here to help. 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