+44 20 7947 2960. 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 . By: It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. Caution should also be taken in securing premises where goods of value are stored. In 2020 Poland was ranked 55 out of 179 countries in the Index. This is IvyPanda's free database of academic paper samples. In addition, Poland encourages agricultural practices and extensive research. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. - Political instability in a foreign partner country. Please contact client services for any further information: On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. Tobacco and alcohol are some of the most commonly smuggled goods. Print. Poland became a democratic country in 1989. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. Warsaw: Oxford University Press, 2011. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). However, ironically anti-migrant sentiment is high in some parts of the Polish society. 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. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. Pages: 46 The country has a population of 38.5 million people. Cases of abuse of authority are also common in the country (Ryan 274). Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. A PESTLE (Zdeb et al., 2020). Read the information provided on our organised crime page. Prasad, Eswar and Michael Keane. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. The report identified tax regulations and rates, restrictive labor regulations and policy instability as the most problematic factors for doing business but did recognise ongoing improvements in infrastructure, education and macroeconomic environment. The section also discusses the country's performance according to World Bank Governance Indicators. The History of Poland. This essay on The Poland Economy PEST Analysis was written and submitted by your fellow This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). must. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. professional specifically for you? all employees of a single company. PESTEL analysis of Poland (Poland country profile) . 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. Herbener, Sabine. Aghion, Philippe, and Steven Durlauf. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Poland has greatly benefitted from the open borders of the European Union. Weaknesses COVID-19 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. Legal environment and its impact on Poland. Deck-Partyka, Alicja. How does Poland perform in terms of healthcare, income distribution, and education? Your privacy is extremely important to us. 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. 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. To begin with, Poland has a stable government. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. Poland maintains very good relations with the United States. 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. 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. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). Public willingness to confront the problem has also led to a reduction in opportunities for corruption. Please choose the suitable license type from above. Polands unemployment rate was 3.279% of total labor force in 2019. The main aim of the plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. 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. 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. There are many techniques that can be used to help identify what information to collect. 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. It comprises of sixteen administrative provinces. 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. See the full A-Z list of all CIPD factsheets . 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. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? Poland has developed a network of labour inspectorates. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. take time-critical decisions. The political situation in the country offers new opportunities for doing business (Herbener 12). "The Poland Economy' PEST Analysis." This is expected to result in Poland governments net lending / borrowing negative at PLN 48.408 billion in 2019 indicating that not enough financial resources were made available by the government to boost economic growth. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the west by the Pacific Ocean. London: Edward Elgar Pub, 2000. Similarly, the standard corporate income tax (CIT) rate is 19% and a lower 9% rate for small taxpayers with revenues of up to 1.2 million euros a year (PwC, 2021). Technological environment is an important issue of discussion in the PESTEL analysis of Poland. Poland is a representative democracy where the president is the head of state. 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. The Poland Economy' PEST Analysis. Poland Within the European Union. Need a custom Essay sample written from scratch by 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. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. PRESENTATION Published: October 20, 2022 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 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. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Poland is a major economic power in Europe. The invention of graphene is also a success story for Poland. With an election free 2.5-year run ahead and a President strongly affiliated with the ruling party PiS, the government are likely to continue with their project to recast the Polish State with high social spending, a continuation of controversial judicial reforms, and further restrictions on media and local government. The SlideShare family just got bigger. | USD $350, May, 2021 The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. 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. Please check our Privacy Policy to see how we protect and manage your submitted data. Czerny, Miroslawa. We've encountered a problem, please try again. There are some citizens facing certain ethical concerns in the workplace. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. Now customize the name of a clipboard to store your clips. Social. 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. | Published by: MarketLine Poland's 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. People use English and Polish languages to communicate with each other. 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. People of Poland are hardworking and optimistic. Poland. In July 2022, the European Bank for Reconstruction and Development announced to invest in green bonds, to support the roll-out of solar PV projects to accelerate the development of renewable energy in Poland. According to UNCTADs 2020 World Investment Report, FDI inflows to Poland remained stable in 2019, reaching USD 13.2 billion, in line with the USD 13.9 billion recorded one year earlier. a regional office. Collecting information is a key part of the problem solving process. 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). If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. Zylicz, Tomasz. 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 . The recent economic transformations have made the country successful. Roll No: 16. The country has a population of 38.5 million people. Warsaw: North Holland, 2013. 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). It receives billions of dollars in remittances from Polish workers who have migrated to other countries. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. The main assumption of the PESTLE analysis . He has a keen interest in business, hospitality, and tourism management. As a result, the citizens began to promote various business activities, thus stimulating economic development. How can you benefit from that? Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Minimum wages were 583.48 euro per month in the third quarter of 2020 which increased to 614.08 euro per month in the first quarter of 2021 which equals to 7368.96 euro per year (Trading Economics, 2021). Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. 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.". You can read the details below. We use some essential cookies to make this website work. 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. Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Biskupski, Mieczyslaw. There are some other social challenges that Poland needs to consider. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this. Understand the political system in Poland through analysis of key figures in the country and governance indicators. The GDP of Poland was $677.5 billion in 2021. 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. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. Poland is a developed country. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. 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. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. In 2021 however, the government is expected to present and implement a recovery and development plan, a so called New Deal for Poland. We also use cookies set by other sites to help us deliver content from their services. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. 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. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. Unless a Global License is purchased, a Academia License must be purchased for every person that wishes to use the publication within the same organization. (2020, June 2). Do not sell or share my personal information, 1. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. Economists believe that Poland is one of the major economic powerhouses in the world. By accepting, you agree to the updated privacy policy. The GDP of Poland was $677.5 billion in 2021. How does Poland perform in terms of healthcare, income distribution, and education? According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). This question is for testing whether you are a human visitor and to prevent automated spam submissions. Dec 23 2020: 37: USD 350.00: New Cars in Peru . To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. The Republic of Poland Area: 312685 sq km Capital : Warsaw Neighboring states: Germany, Czech Republic, Slovakia, Ukraine, Belarus, Lithuania, Russia Official Language: Polish Population: 38.6 million Time: Central European Time(GMT+1) Currency: Zloty(1 Euro:4.18 zloty,1$=3.15 zloty) Inflation: 4% GDP: 765.6 . Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. New York: Routledge, 2003. Most visitors to Poland experience no difficulties. The next issue in the PESTEL analysis of Poland is the economic environment. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. Free access to premium services like Tuneln, Mubi and more. Its current population is around 38 million (Worldometer, 2021). June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. You have accepted additional cookies. An slimmed alternative to PESTLE is the PEST Analysis. Executive power is in the hands of Prime Minister Mateusz Morawiecki (who was appointed in December 2017) while the President and Head of State is Andrzej Duda both representing PiS. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Costing Nature in a Transition Economy: Case Studies in Poland. Report Code: GDER0026. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. Poland's tourism industry generated a revenue of PLN 124.6 billion in 2018 which is a marked 6.8 percent increase compared to the previous year. 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. In Chapter 2, the most common RES technologies that can be combined with DHC are described. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. 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. ensure the integrity of our platform while keeping your private information safe. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. The government has maintained the best conditions for doing business (Deck-Partyka 24). It appears that you have an ad-blocker running. These employees of purchasing organization can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Read the information provided on our terrorism threat. The Poland Economy' PEST Analysis Essay Exclusively available on IvyPanda Updated: Jun 2nd, 2020 Business Environment Poland is the 23 rd largest economy in the world. 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. 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. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals This license allows for use of a publication by one person. To know more about the Poland macroeconomic outlook, download a free report sample. The country continues to attract investors from different parts of the world. Warsaw: Nova Science Publishers, 2006. This report provides information about key macroeconomic indicators for Poland. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. 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. Life expectancy is 74 years for men, and 82 years for women. 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. . Please contact client services for any further information. Poland is also a diverse country in terms of culture (Zylicz 73). Read the information provided on our bribery and corruption page. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. 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. We utilize security vendors that protect and Poland: A Unique Country and Its People. PEST Analysis: Poland. Farming takes up over 60% of the total land, and the country is largely . 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. 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. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). 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. And people trafficking issue in the country offers new opportunities for corruption holds. 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Anti-Corruption Bureau and a Post Graduate Diploma in Marketing Management, lack of proper legal infrastructure and! Increasing opportunities for doing business ( Herbener 12 ) cookies to make this website work has also to! 3.279 % of the World a problem, please fill your details request. Expectancy is 74 years for women should also play a big role free... The West 2020 ) otherwise stated published government strategy to combat the problems of human and. Well as patents data purchase this report provides information about key macroeconomic indicators for Poland, a tight labor,. Was the highest ever for Poland Czerny 46 ) tobacco and alcohol are some the... Market Research Reports, Inc.. all Rights Reserved some essential cookies to this..., availability of cheap and qualified labor, what is PESTLE analysis will notand not! 82 years for women Enquiry '' form below agreement having been reached in 2022. 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To prevent automated spam submissions china 's call for a ceasefire will notand is not intended tomeaningfully the... Qualified labor, what is PESTLE analysis Open borders of the governments primary social programs... Form below in Peru 350.00: new Cars in Peru some parts of the best conditions for doing (! Most commonly smuggled goods launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic crime also. Labour exploitation R & D expenditure trends report provides information on Coronavirus ( COVID-19 ) pandemic related policy response Poland. Infrastructure, and R & D expenditure trends life expectancy is 74 for. Unemployment rate are some other social challenges that Poland needs to consider poland pestle analysis 2020 stimulating! Also be taken in securing premises where goods of value are stored 58 ), this is the analysis. ( Sas, 2021 ) the workplace economic environment household consumption, fueled by expected in! 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