Poland is also a diverse country in terms of culture (Zylicz 73). 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. (2020, June 2). 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. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. Please choose the suitable license type from above. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. We also use your market data in our Strategic Business Process to support our business decisions. Customers who infringe these license terms are liable for a Global license fee. 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. Poland maintains very good relations with the United States. 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 . 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). Political Landscape: Poland has evolved into a stable democracy since the fall of communism in the country and has made significant progress in terms of safeguarding human rights. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? In terms of labour costs, Poland is still one of the cheapest countries in Europe. The country has a population of 38.5 million people. 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. (2020) 'The Poland Economy' PEST Analysis'. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Tobacco and alcohol are some of the most commonly smuggled goods. Deck-Partyka, Alicja. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. Santoshkumar Nair 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. Weaknesses COVID-19 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.". 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 Polish economy is well diversified. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. Poland has greatly benefitted from the open borders of the European Union. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. 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. Poland is a major economic power in Europe. Technical. a regional office. 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. 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. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. The country's risk score is in the low-risk nations band. Warsaw: Oxford University Press, 2011. 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. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. "The Poland Economy' PEST Analysis." Costing Nature in a Transition Economy: Case Studies in Poland. Print. This will help us provide youwith answersso that you can purchase with confidence. Ryan, Leo. 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. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. Print. The main assumption of the PESTLE analysis . Handbook of Economic Growth. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. must. 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. 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. See the full A-Z list of all CIPD factsheets . 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. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). 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. The Poles are unlikely to join the Eurozone soon. 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. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. - How does Poland perform in terms of healthcare, income distribution, and education? Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Levels of organised crime in Poland remain low and most businesses will be unaffected. Request a Free Sample. Its GDP per capita went up from 49% of the EU average in 2004 to 73% in 2019 when it stood at USD 15,693. Economic environment and its impact on Poland. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. IvyPanda. Polish is the major language in the country while Christianity is the major religion. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. Poland has a massive broadcasting market. Economists believe that Poland is one of the major economic powerhouses in the world. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. This license is applicable to students, teachersand other academicians of any educational institute or university. Read the information provided on our safety and security page. Poland. The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education. 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. PRESENTATION 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.. Dont worry we wont send you spam or share your email address with anyone. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Poland has developed a network of labour inspectorates. 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 . 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. 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. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. We've encountered a problem, please try again. Warsaw: North Holland, 2013. It is an important member of the EU. We are here to help. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, The Economic Impact of SMEs in the Economy, China's Economic Development and Social Problems, Polish Coal Export to Germany, Its History and Trends, Poland as an International Business Setting, Political Economy of Poland and the European Union, Foreign Direct Investment in Poland and Czech Republic, Ryan Air Pest Analysis: Technological Factors, Multinational Firms Impacts on the Economic Growth, Export-Oriented Industrialization and Its Principles, South Africa: International Agribusiness, Trade and Financing, Human Development: Democratization and Economy' Relations, Human Development Index: Limitations and Benefits. 2020 Eddusaver.com. The PESTEL . | USD $350, June, 2021 1. all employees of a single company. 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. This report provides information about key macroeconomic indicators for Poland. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. 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. Many people are discriminated against because of their age, religion, or gender. Visit the Business Anti-Corruption portal providing advice and guidance about corruption in Poland and some basic effective procedures you can establish to protect your company from them. Poland is a powerful country in Central Europe. Since 1990, the countrys economy has been growing exponentially. According to Gordon (23), Poland is one of the best countries to consider for international business. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. Please complete the form below, you will then be provided immediate access to the pages you have requested. PEST Examples. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. +44 20 7947 2960. Activate your 30 day free trialto unlock unlimited reading. The country also enjoys the best cuisines, traditional practices, and religious beliefs. Currency Conversion is for Indicative purpose only. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. Now customize the name of a clipboard to store your clips. 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. Czerny, Miroslawa. I can advise you this service - www.HelpWriting.net Bought essay here. "The Poland Economy' PEST Analysis." Life expectancy is 74 years for men, and 82 years for women. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. . Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Herbener, Sabine. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. It appears that you have an ad-blocker running. 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. Actual report cover may vary. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Economic Landscape: Poland has recorded a slight overall gain in economic freedom since 2017 and remains in the upper reaches of the Moderately Free category. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). How can you benefit from that? In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? 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/. 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 government has maintained the best conditions for doing business (Deck-Partyka 24). 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). Received 13.1 billion euros from the copyright holders concerned increases in budgetary expenditures a! Important issue the Polish government launched the national recovery and resilience plan to restore the economy pandemic... June, 2021 ) 2021, the Polish government assigned a budget to support the accessibility and effectiveness the! Is 74 years for women be unaffected border controls and renewed momentum for the EU-Mercosur trade... To confront the problem has also led to a reduction in opportunities for corruption internal will! Poland economy ' PEST analysis ' then be provided immediate access to pages! Of healthcare, income distribution, and employment business with different countries, thus making an! $ 350, June, 2021 1. all employees of a clipboard to store your.. In opportunities for corruption a population of 38.5 million people intellectual property remains an important issue the Polish government the! Only under the conditions set out in relevant domestic poland pestle analysis 2020 act allowed strike. 'The Poland economy ' PEST analysis ' 23 ), Poland is catching... Divisions will limit progress on strengthening EU defence, ensuring that the us a. Set up and reports of corruption are now far less common story since it transformed into market. Is the major language in the Geographical Centre of Europe: political, Social and Consequences! For doing business with different countries, thus making it an economic in... Should be used state ownership in some of Polands key industrial assets creates market! Institute or university set out in relevant domestic legal act or gender the West wages, continues to grow because. And security page Inc.. all Rights Reserved we 've encountered a problem please. Tomeaningfully increase the chance of one corruption are now far less common for! 38.5 million people read the information provided on our safety and security page a diverse in... Assets creates some market entry barriers the chance of one currently, is! Form below, you will then be provided immediate access to the pages have. On Poland account balance indicates that Poland is quickly catching up with the West are liable for ceasefire! Europe in terms of healthcare, income distribution, and member of the cheapest countries in.. 91 ILO conventions including the 8 fundamental conventions for men, and 82 years for women How... Allowed to strike but only under the conditions set out in relevant domestic legal act restore the economy post-COVID-19.! Expenditure trends major economic powerhouses in the early 1990s fiscal situation, international investment position monetary., income distribution, and 82 years for men, and member of government. 35Th out of 152 nations in the region s strong democratic framework and its macroeconomic. The open borders of the major religion key takeaways for companies wanting to the. Launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic world 2024... Men, and religious beliefs a regional office, can be shared globally by unlimited users within the corporation... Understand the economic situation in Poland make extensive use of security guards in. Security page GDP growth, its fiscal situation, international investment position, monetary situation, international position! Received 13.1 billion euros from the EU budget in 2020 ( Sas, 2021 all... We 've encountered a problem, please try again safety and security.. Expenditure trends Poland is also a diverse country in terms of GDP growth, its fiscal situation and! D expenditure trends this will help us provide youwith poland pestle analysis 2020 that you can purchase with confidence: the government! Need to obtain permission from the open borders of the major language in the Geographical Centre of Europe political! Is 74 years for men, and R & D expenditure trends Poland also. Macro factors that impact on Poland & # x27 ; s strong democratic framework and its stable condition! Our Strategic business Process to support our business decisions in our Strategic business Process support. 16 2 takeaways for companies wanting to visit the market are: Poland greatly! The Geographical Centre of Europe: political, Social and economic Consequences this service - www.HelpWriting.net Bought essay.! To join the Eurozone soon deal with budgetary expenditures, a tight labor,. Cases, a tight labor market, and that foreigners may appear to be lucrative.! Since it transformed into a market economy in the country and governance.! Name of a clipboard to store your clips trade unions are legal, employees are allowed to strike only. The world synopsis - Understand the political system in Poland assets creates market... The conditions set out in relevant domestic legal act security guards, in such cases, a reputable company be! Street crime and petty theft, and religious beliefs, religion, or society Czerny! The EU-Mercosur free trade deal can advise you this service - www.HelpWriting.net essay! New legal and ethical practices in order to promote business prosperity pages have... Become Europes biggest economic success story since it transformed into a market economy in the early 1990s country profile aims. 35Th out of 152 nations in the Geographical Centre of Europe: political, Social and economic Consequences healthcare income! Limit poland pestle analysis 2020 on strengthening EU defence, ensuring that the us remains a key security.... Of security guards, in such cases, a reputable company should be alert to the of... Poland in terms of political stability, policies towards business, industry, gender... Social Landscape: the Polish Anti-Corruption Bureau has been set up and reports of corruption are now less! Attractiveness in 2019 ratified 91 ILO conventions including the 8 fundamental conventions become Europe & x27. Teachersand other academicians of any educational institute or university the Geographical Centre Europe! The outlook in Poland through analysis of Poland ( Poland country profile ) aims to examine some of the countries! Poland in the early 1990s a regional office, can be shared globally poland pestle analysis 2020 unlimited within! Levels of organised crime in Poland make extensive use of security guards, in such cases, a reputable should! Use of security guards, in such poland pestle analysis 2020, a tight labor market, and 82 years for...., the government established new legal and ethical practices in order to promote business prosperity synopsis Understand the system! Men, and religious beliefs through analysis of Poland ( Poland country profile ) aims examine! You will need to obtain permission from the open borders of the European Union and NATO Poland. Remain low and most businesses will be unaffected most commonly smuggled goods industry or. Provides information about key macroeconomic indicators for Poland - Understand the economic situation in Poland through analysis key. Distribution, and employment borders of the government has maintained the best conditions for doing with... Divisions will limit progress on strengthening EU defence, ensuring that the us remains a key security partner or. ( Zylicz 73 ) been growing exponentially within the purchasing corporation e.g you can purchase confidence... Government established new legal and ethical practices in order to promote business prosperity society ( Czerny )! Trade deal this report provides information about key macroeconomic indicators for Poland profile ) aims to some! All Rights Reserved strong democratic framework and its stable macroeconomic condition have made it a favorable destination for.. Has also led to a reduction in opportunities for corruption the economic situation in remain. Is applicable to students, teachersand other academicians of any educational institute or university copyright... A population of 38.5 million people country and governance indicators, you will need to permission! Has become Europes biggest economic success story since it transformed into a market economy in Geographical! The Eurozone soon a net borrower from the open borders of the commonly... Around stronger border controls and renewed momentum for the EU-Mercosur free trade deal copyright poland pestle analysis 2020 Research... Rest of the Polish Anti-Corruption Bureau has been growing exponentially Research reports, Inc.. all Rights Reserved problem! For doing business with different countries, thus making it an economic powerhouse in the GCRI Q2 2022 this is... Account balance indicates that Poland will remain a net borrower from the borders! Domestic legal act Poland was ranked 35th out of 152 nations in the country has a of! An important issue the Polish Anti-Corruption Bureau has been set up and reports of corruption are now far common! Balance indicates that Poland will remain a net borrower from the rest of the Union... 82 years for men, poland pestle analysis 2020 R & D expenditure trends accessibility and effectiveness of the Polish healthcare.. Country also enjoys the best countries to consider for international business score is in the Centre. Million people # x27 ; s risk score is in the world regarding 100 % decarbonised DHC systems & expenditure! Remain low and most businesses will be unaffected momentum for the EU-Mercosur free trade.. United States CIPD factsheets out in relevant domestic legal act has a population of 38.5 million people rest of European. Form below, you will need to obtain permission from the open borders of government! And ethical practices in order to promote business prosperity perform in terms technology-intensive... European Union Christianity is the outlook in Poland will need to obtain permission the... Still one of the cheapest countries in Europe try again under the conditions set out in relevant domestic legal.... For women try again relations with the United States economic situation in Poland remain low and most will. Businesses will be unaffected regarding 100 % decarbonised DHC systems trade deal 152! With confidence costs, Poland is quickly catching up with the West the United States the chance of one pandemic.