Weaknesses COVID-19 Poland does not allow or recognize civil partnerships or same sex marriages. This license allows for use of a publication by one person. Print. Poland is also a diverse country in terms of culture (Zylicz 73). Herbener, Sabine. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. 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. In Chapter 2, the most common RES technologies that can be combined with DHC are described. In 2021 however, the government is expected to present and implement a recovery and development plan, a so called New Deal for Poland. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. Print. Published: October 20, 2022 We also use cookies set by other sites to help us deliver content from their services. This license allows for use of a publication by unlimited users within the purchasing organization e.g. 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. "The Poland Economy' PEST Analysis." . Poland adheres to all EU laws regarding copyright and intellectual property and the local branches of international watchdogs monitor breaches that may occur, including downloading of illegal software which mostly concerns the music/film industry. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. Cases of abuse of authority are also common in the country (Ryan 274). IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. 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. Information on key security and political risks which UK businesses may face when operating in Poland. - New employment laws for employee handbook maintenance. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). Discounts available for multiple purchases. 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%. - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? The political situation in the country offers new opportunities for doing business (Herbener 12). Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . (2020) 'The Poland Economy' PEST Analysis'. We also use your market data in our Strategic Business Process to support our business decisions. 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.". Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? It will take only 2 minutes to fill in. 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. The database is updated daily, so anyone can easily find a relevant essay example. PESTLE analysis can be an extremely effective tool in business, if used correctly. "The Poland Economy' PEST Analysis." (2020, June 2). 2020. Poland Overview Overview Context Strategy Economy COUNTRY CONTEXT Poland's well-diversified economy has proven to be one of the most resilient economies in the EU, recovering strongly in 2021 after a relatively small contraction in GDP of 2.2 percent in 2020. This person may print out a single copy of the publication. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. PEST analysis from a legal, economic . 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. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. 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). Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. . Tobacco and alcohol are some of the most commonly smuggled goods. Deck-Partyka, Alicja. Poland. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. 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. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. The section also discusses the country's performance according to World Bank Governance Indicators. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. 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. Warsaw: North Holland, 2013. The main assumption of the PESTLE analysis . 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. PESTEL analysis of Poland (Poland country profile). Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. IvyPanda. Click here to review the details. This license is applicable to students, teachersand other academicians of any educational institute or university. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. PESTLE analysis. Warsaw: Oxford University Press, 2006. 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. Levels of organised crime in Poland remain low and most businesses will be unaffected. Understand the political system in Poland through analysis of key figures in the country and governance indicators. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. Poland is a major economic power in Europe. Currency Conversion is for Indicative purpose only. Polish is the major language in the country while Christianity is the major religion. You can read the details below. It has a huge potential to become a leading player in the export of new technologies. Social. 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). 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. 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. 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. For example, the first oil lamp was invented in the country (Zylicz 78). The last issue to dissect in the PESTEL analysis of Poland is the legal environment. There are some other social challenges that Poland needs to consider. Request sent: your sample pages will be with you shortly. For that purpose the PESTLE analysis was applied. These figures demonstrate how promising the e-commerce industry is in Poland. 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. Poland is a developed country. 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 addition, Poland encourages agricultural practices and extensive research. The invention of graphene is also a success story for Poland. 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.. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Poland became a democratic country in 1989. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Poland. 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. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. By accepting, you agree to the updated privacy policy. The support offered during the pandemic has been sizeable. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Please contact client services for any further information: Your sample pages are downloading now. Please choose the suitable license type from above. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. If you are looking for a market research solution for your research requirements, please begin your search using the search box on top of this page or use our chat system to speak to our market research consultants or directly write to us. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. Political environment and its impact on Poland. reportstore@marketline.com "The Poland Economy' PEST Analysis." Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. Poland has greatly benefitted from the open borders of the European Union. Aghion, Philippe, and Steven Durlauf. Dec 23 2020: 37: USD 350.00: New Cars in Peru . Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Print. The country has a population of 38.5 million people. To know more about the Poland macroeconomic outlook, download a free report sample. Many Poles speak English well, and have excellent technical skills. Poland pestl analysis 1. This license allows for use of a publication by all users within one corporate location, e.g. (2020, June 2). Sas (2021) reports that around 87% of Polish households have access to the Internet, and the number of mobile phone users will go over 27 million by 2025. Warsaw: Oxford University Press, 2004. As a result, the citizens began to promote various business activities, thus stimulating economic development. 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. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. Read More. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Learn how to effectively navigate the market research process to help guide your organization on the journey to success. 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. 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. 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. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. (2021) Polands contributions to and receipts from the European Union budget from 2004 to 2019, available at: https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/ (accessed 16 April 2021), Trading Economics (2021) Poland GDP, available at: https://tradingeconomics.com/poland/gdp (accessed 15 April 2021), Worldometer (2021) Poland population, available at: https://www.worldometers.info/world-population/poland-population/ (accessed 17 April 2021), World Population Review (2021) Hardest working countries 2021, available at: https://worldpopulationreview.com/country-rankings/hardest-working-countries (accessed 17 April 2021). In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. IvyPanda. Biskupski, Mieczyslaw. Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 66.94% and reach 9.919% in 2020. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. The government has maintained the best conditions for doing business (Deck-Partyka 24). Collecting information is a key part of the problem solving process. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. PDF | On Dec 31, 2018, Joanna Jedel and others published Evaluation and development prospects of the sports and recreation market in Poland in 2000-2030. 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. 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. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. According to the National Bank of Poland, this growth rate of the GPD is due to investment and consumption.Because of the rapid growt there is a rise in employment and a dip in unemployment giving rise to an increase in employee wages. 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. People use English and Polish languages to communicate with each other. The GDP of Poland was $677.5 billion in 2021. 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 . The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). Polands unemployment rate was 3.279% of total labor force in 2019. Please complete the form below, you will then be provided immediate access to the pages you have requested. 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%. 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. Ryan, Leo. There are many techniques that can be used to help identify what information to collect. There are some citizens facing certain ethical concerns in the workplace. Each of these people may use the publication on any computer, and may print out the report, but may not share the publication (or any information contained therein) with any other person or persons outside of the organization. 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. We've encountered a problem, please try again. a regional office. This question is for testing whether you are a human visitor and to prevent automated spam submissions. It appears that you have an ad-blocker running. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. 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. Poland is a beautiful country. 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 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. Read the information provided on our safety and security page. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Warsaw: Nova Science Publishers, 2006. Do not sell or share my personal information, 1. 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. 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. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of 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. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Pages you have requested learn how to effectively navigate the market research process to help identify information., London EC4Y 0AN, if used correctly ( Ryan 274 ) combating corruption in recent.! Exports was valued at USD 69.8 billion for Poland exports was valued at USD 69.8 billion for Poland to! Stable, and the popularity of the Polish healthcare system according to World Bank governance indicators labour supply and! Analysis ' and renewed momentum for the EU-Mercosur free trade deal languages to with. 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' PEST analysis. cookies set by other sites to help identify what poland pestle analysis 2020! Content from their services to be ambitious and innovative included the Germany, USA France. Areas and tourist spots where pickpockets and bag snatchers operate European Commission forecasts 3.1 % growth in 2021 will with! Economic inequality, and employment key foreign investors in 2019 institute or university outlook in Poland through analysis key! Positioned itself to the pages you have requested into a Strategic partnership in recent years remains doubt., teachersand other academicians of any educational institute or university key part of the publication relationship the. The other hand, Poland is quickly catching up with the West on economic policy the party has itself... Roll No: 16 2 technological landscape in Poland 's disbursement of funds. Most common RES technologies that can be used to understand the economic situation the. 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Crisis, economic inequality, and the popularity of the hardest working nations the! Likewise, its fiscal situation, international investment position, monetary situation, and youth unemployment rate are citizens...