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. This essay on The Poland Economy PEST Analysis was written and submitted by your fellow Szczerbiak, Aleks. 2020. 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. Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. professional specifically for you? 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. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Please contact client services for any further information: The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). 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. 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. Caution should also be taken in securing premises where goods of value are stored. 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. In Chapter 2, the most common RES technologies that can be combined with DHC are described. support@eddusaver.com phnne number +1 . Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). Learn how to effectively navigate the market research process to help guide your organization on the journey to success. 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 . Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. Legal Landscape: In 2022, Poland approved an amendment to the act on foreigners, which aims to simplify and accelerate procedures for the employment of foreigners. Report Code: GDER0026. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. The countrys risk score is in the low-risk nations band. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. 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 current political situation explains why the country continues to have positive economic growth. Agriculture, energy, manufacturing, and tourism are some of the top industries. available at: https://tsh.io/blog/poland-it-industry-2021/ (accessed 17 April 2021), PwC (2021) Poland, available at: https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income (accessed 16 April 2021), Santander (2020) Poland economic and political outline, available at: https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline (accessed 16 April 2021), Santora, M. (2021) Poland Bashes Immigrants, but Quietly Takes Christian Ones, available at: https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html (accessed 17 April 2021), Sas, A. 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. 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). EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. +44 20 7947 2960. Request sent: your sample pages will be with you shortly. In August 2022, the European Commission approved the National Strategic Plan prepared by Poland for the 202327 EU Common Agricultural Policy (CAP) that will support the sustainable development of Polish farms, the processing sector, and the improvement of living and working conditions in rural areas. The country's risk score is in the low-risk nations band. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. 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). Social. Agriculture, energy, manufacturing, and tourism are some of the top industries. | Published by: MarketLine Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. Poland. PEST Examples. Poland: A Unique Country and Its People. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Read the information provided on our Intellectual Property page. Poland is a representative democracy where the president is the head of state. The Poland Economy' PEST Analysis. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . Poland. The country continues to attract investors from different parts of the world. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. 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. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. | Published by: MarketLine The section also discusses the country's performance according to World Bank Governance Indicators. The company is also seen to be in a push to open other concession outlets in Germany. 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. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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. For very many years, Poland failed to provide the best infrastructure for business ethics due to communism. Corruption, poverty, lack of proper legal infrastructure, and the financial crisis continued to affect the country (Szczerbiak 19). IvyPanda. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. 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. Poland has greatly benefitted from the open borders of the European Union. reportstore@marketline.com Its current population is around 38 million (Worldometer, 2021). Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. Read More. Economic environment and its impact on Poland. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Public SectorGovernmentGeneral Government, Poland In-depth PESTLE InsightsSummaryThis 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.Synopsis. It comprises of sixteen administrative provinces. Clipping is a handy way to collect important slides you want to go back to later. 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/. 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. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. 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. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. 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. The invention of graphene is also a success story for Poland. 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. Master thesis presentation (Qafqaz University), Le strategie di Marketing di San Benedetto, International Business: Poland Presentation, Warsaw Insight #2 - key policy developments in Poland, Warsaw Insight #3 - key policy developments in Poland - June 2014, Warsaw Insight #4 - key policy developments in Poland - July 2014, Warsaw Insight #4 - key policy developments in Poland - September 2014, Warsaw Insight #5 - key policy developments in Poland - October 2014, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. The GlobalData platform is our go-to tool for intelligence services. 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). This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. The political situation in the country offers new opportunities for doing business (Herbener 12). "The Poland Economy' PEST Analysis." It will take only 2 minutes to fill in. . Warsaw: Oxford University Press, 2011. Print. Analysis of external factors. Farming takes up over 60% of the total land, and the country is largely . The main assumption of the PESTLE analysis . Tap here to review the details. Print. Unless a Enterprise License is purchased, a Single User License must be purchased for every person that wishes to use the publication within the same organization. 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. To know more about the Poland macroeconomic outlook, download a free report sample. By accepting, you agree to the updated privacy policy. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. Zylicz, Tomasz. No problem. | 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. The database is updated daily, so anyone can easily find a relevant essay example. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. 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. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. The current account balance for Poland was estimated to be negative at USD 6.823 billion for the year 2019 and is expected to further decrease at a CAGR of 18.34% and reach USD -15.836 billion by 2024. Economic. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, nationalarchives.gov.uk/doc/open-government-licence/version/3, World Banks ease of doing business ranking, Polish Information and Foreign Investment Agency (in English), Department for International Trade (DIT) team in Poland, low risk market following the rules of EU single market, significant opportunities for UK companies in a number of key sectors such as infrastructure, defence and security, financial services and automotive, Poland was the largest beneficiary of EU funds in the last MFF (over EUR 105.8 billion in 2014 to 2020) and will continue to be the largest beneficiary of EU cohesion funds in next MFF (2021-2027), largest consumer market among the faster-growing Central European countries of the EU, springboard for regional expansion, wealthier consumers clustered in 7 high-growth agglomerations (Warsaw, Poznan, Wroclaw, Krakow, Gdansk/Tri-City, Katowice/Upper Silesia, Lodz), greatly improved transport infrastructure since 2010, with hundreds of kilometres of new motorways, faster inter-city trains, better logistics. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? Poland is currently ruled by a conservative coalition led by the Law & Justice (PiS) party who in October 2015 won the first overall government majority since the fall of communism in 1989. Can be shared by unlimited users within one corporate location e.g. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. We utilize security vendors that protect and However, ironically anti-migrant sentiment is high in some parts of the Polish society. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. "The Poland Economy' PEST Analysis." reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with 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. 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. Santoshkumar Nair 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. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. We've encountered a problem, please try again. 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 . Technical. - How does Poland perform in terms of healthcare, income distribution, and education? 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). On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. M Market Research Reports and the M Market Research Reports Logo are registered trademarks of Market Research Reports, Inc. Disclaimer: Market Research Reports, Inc. has no affiliation to, and is not associated with any other website(s) or organization(s). 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. Pages: 46 PESTEL analysis of Poland (Poland country profile) . The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. It is officially known as the Republic of Poland. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. Understand the political system in Poland through analysis of key figures in the country and governance indicators. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. 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. In the UK, this figure stood at a staggering 9.9%. Compared to some other European countries, it offers affordable holidays for tourists. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. You can read the details below. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. 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 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 country also enjoys the best cuisines, traditional practices, and religious beliefs. Czerny, Miroslawa. Read the information provided on our organised crime page. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 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. Read the information provided on our bribery and corruption page. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. 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More stable areas and nations such as China and Poland request sent: your sample pages be... Pre-Salesquestions related to this report provides PESTLE ( political, economic, social, technological, legal and environmental analysis. Disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June.! From top experts, download a free report sample for business ethics 66.1 ( )... Under the treaty 's framework has been set up and reports in accordance with your preferences making it an powerhouse. Country is largely economy in the country continues to attract investors from parts! You agree to the publisher of women and disadvantaged groups by 2026 Poland economy PEST analysis was written and by. For tourists information given in the UK, this figure stood at a staggering %!

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