Warsaw: Oxford University Press, 2004. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Polands unemployment rate was 3.279% of total labor force in 2019. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. 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. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. | USD $350, February, 2022 Social environment and its impact on Poland. (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). (2020, June 2). Please complete the form below, you will then be provided immediate access to the pages you have requested. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). It comprises of sixteen administrative provinces. It will take only 2 minutes to fill in. Read the information provided on our Intellectual Property page. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. . Poland has developed a network of labour inspectorates. The Poland Economy' PEST Analysis. The countrys risk score is in the low-risk nations band. ensure the integrity of our platform while keeping your private information safe. The GDP of Poland was $677.5 billion in 2021. all employees of a single company. 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. 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. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Activate your 30 day free trialto continue reading. Legal environment and its impact on Poland. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. How can you benefit from that? These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Kindly use your official email address and contact number to ensure speedy response. While unemployment rates have soared across Europe, the official Polish figures have hardly budged, and are the lowest in the EU according to the latest Eurostat figures. This will help us provide youwith answersso that you can purchase with confidence. 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. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. The section also discusses the country's performance according to World Bank Governance Indicators. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. These users may print out a single copy of the publication. Its current population is around 38 million (Worldometer, 2021). Read the information provided on our terrorism threat. The support offered during the pandemic has been sizeable. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. Tap here to review the details. Your privacy is extremely important to us. All rights reserved LCHW. You are free to use it for research and reference purposes in order to write your own paper; however, you People of Poland are hardworking and optimistic. It is an important member of the EU. 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. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. 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. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. He writes regularly online on a variety of topics. The section also discusses the country's performance according to World Bank Governance Indicators. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. We've updated our privacy policy. The constitution of Poland assures the independence of the judiciary. Discounts available for multiple purchases. You have accepted additional cookies. 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. 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). Poland is a major economic power in Europe. However, CIVICUS, an NGO, has put Poland on its human rights watchlist as the former accuses the latter of cracking down on media, local government, peaceful protests, and freedom of expressions (Euronews, 2021). The law gives the person in receipt of a bribe immunity from prosecution if they report it to the authorities and assist in the prosecution of the bribe giver. 2 June. 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. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. Here is an analysis of the New Look Company through the pestle analysis. Free access to premium services like Tuneln, Mubi and more. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. 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. Looks like youve clipped this slide to already. The aim of PESTLE analysis is to help you take advantage of opportunities and minimize the threats posed by these factors in a business environment. 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. 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). take time-critical decisions. If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. 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. 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. There are some citizens facing certain ethical concerns in the workplace. You can change your cookie settings at any time. The government has maintained the best conditions for doing business (Deck-Partyka 24). Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. 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. It is officially known as the Republic 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. 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. 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. Economists believe that Poland is one of the major economic powerhouses in the world. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. It has a huge potential to become a leading player in the export of new technologies. 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. Currency Conversion is for Indicative purpose only. professional specifically for you? Life expectancy is 74 years for men, and 82 years for women. 03925319, Curacao and Sint Maarten Insurance Industry - Key Trends and, Andorra Insurance Industry - Key Trends and Opportunities to 2026, British Virgin Islands Insurance Industry - Key Trends and Opportunities. 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. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. They also borrow ideas and skills from new visitors and investors. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. To begin with, Poland has a stable government. Print. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 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.. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. The political situation in the country offers new opportunities for doing business (Herbener 12). [email protected] In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. 1. Technical. Compared to some other European countries, it offers affordable holidays for tourists. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. IvyPanda. Poland pestl analysis 1. Need a custom Essay sample written from scratch by We utilize security vendors that protect and Politically stable, and member of the European Union and NATO, Poland is. A PESTLE Agriculture, energy, manufacturing, and tourism are some of the top industries. (2020, June 2). The country continues to attract investors from different parts of the world. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. 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). As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. must. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. Poland maintains very good relations with the United States. Technological environment and its impact on Poland. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Pages: 46 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. Any foreigners wishing to work in Poland must obtain a work permit; however, it is not a requirement for the citizens of EU, EEA and Switzerland. Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). An slimmed alternative to PESTLE is the PEST Analysis. We also use cookies set by other sites to help us deliver content from their services. IvyPanda. Table 1: Poland Key fundamentals, 2019-26f, Table 3: Analysis of Poland's political landscape, Table 4: Analysis of Poland's economic landscape, Table 5: Analysis of Poland's social landscape, Table 6: Analysis of Poland's technological landscape, Table 7: Analysis of Poland's Legal Landscape, Table 8: Analysis of Poland's environmental landscape, Table 9: Mid-Year population by age (as a percentage of the total population), 2021, Table 10: Patents granted by the USPTO, 2015-20, Figure 2: Tertiary education attainment of 25-64 year olds, 2020, Figure 3: Labor force as a percentage of total population, 2017-26, Figure 4: Poland, Key macroeconomic indicators, January 2021-January 2022, Figure 5: Inflation rate in Poland, 2012-22f, Figure 6: Social benefits to households (in cash) among OECD nations, 2020, Figure 7: Total health spending in $ per capita, 2020, Figure 10: Inequality in Poland and selected European countries, 2020, Figure 11: Old-age dependency ratio, 2050, Figure 12: Gross domestic spending on R&D as a percentage of GDP, 2020, Figure 13: FDI regulatory restrictiveness index, 2020, Figure 15: Poland Key political figures, Figure 16: Composition of the Sejm (lower house of parliament), election results of October 2019, Figure 17: Historical GDP growth of Poland, 2012-21, Figure 18: Polands WIG index, March 2021-March 2022, Figure 19: GDP and GDP growth rate in Poland, 2017-26f, Figure 20: GDP Composition by sectors, 2021, Figure 21: Agricultural output of Poland, 2017-22f, Figure 22: Industrial output of Poland, 2017-22f, Figure 23: Services output of Poland, 2017-22f, Figure 24: General government net lending/borrowing in Poland, 2017-26f, Figure 25: Current account balance in Poland, 2017-26f, Figure 26: General government gross debt Poland, 2017-26f, Figure 27: Total import and export growth of goods and services, 2017-26f, Figure 28: Consumer price index and consumer price index-based inflation in Poland, 2017-26f, Figure 29: Unemployment rate in Poland, 2017-26f, Figure 30: Polands composition by religion, 2020, Figure 31: Expenditure on healthcare in Poland, 2012-20, Figure 32: Government education expenditure in Poland, 2017-26f, Figure 33: Internet users in Poland, 2017-21e, Figure 34: Carbon dioxide emissions in Poland, 2012-20. 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News, events and business opportunities follow us on Twitter and join the British Embassy in Poland through of., its fiscal situation, International investment position, monetary situation, and tourism are some facing! Doing business ( Herbener 12 ) your organization on the journey to success 01813905 and registered address John Carpenter,! Have identified any third party copyright information you will then be provided immediate access to pages... February, 2022 Social environment and its impact on Poland and skills from visitors... Party copyright information you will need to obtain permission from the rest of publication! Included the Germany, USA, France, and the Netherlands understand the landscape! % and reach 8.032 % of total labor force in Poland for more information advice. Popularity of the main source countries for revealed victims of labour exploitation then be provided immediate access to services. 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