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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. 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. Technological environment and its impact on Poland. Economic environment and its impact on Poland. The Poles are unlikely to join the Eurozone soon. 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. This license allows for use of a publication by all users within one corporate location, e.g. Zylicz, Tomasz. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. Collecting information is a key part of the problem solving process. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. https://ivypanda.com/essays/the-poland-economy-pest-analysis/, IvyPanda. The current political situation explains why the country continues to have positive economic growth. 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. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. You are free to use it for research and reference purposes in order to write your own paper; however, you Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. 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. In 2020 Poland was ranked 55 out of 179 countries in the Index. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. Economic. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. 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. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). 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. The PESTEL framework may be used as a tool for specific applications such as a risk assessment to evaluate strategic decisions within an organisation (Akman, 2020; Green, 2018). 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. If you wish to read about frequently asked questions by our customers please visit our, Scope of Poland PESTLE Analysis and Macroeconomic Trends Report, 2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP, 2.2.6 Total Investment / Gross Capital Formation, 2.3.1 Consumer Price Index (CPI) Inflation, 2.4.1 Change in Import Volume of Goods & Services, 2.4.2 Change in Export Volume of Goods & Services, 4.1 Coronavirus (COVID-19) Containment Measures of Poland, 4.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Poland, 4.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Poland, 4.4 Coronavirus (COVID-19) Related Employment Policy Measures by Poland, 4.5 Coronavirus (COVID-19) Related Social Policy Measures by Poland, Exhibit 2.1 Population of Poland (in million), Exhibit 2.2 Unemployment Level in Poland (in %), Exhibit 2.3 Real GDP of Poland (in PLN billion), Exhibit 2.4 Nominal GDP of Poland (in PLN billion), Exhibit 2.5 Nominal GDP of Poland (in USD billion), Exhibit 2.6 GDP Deflator Index for Poland, Exhibit 2.7 Per Capita GDP of Poland (in USD), Exhibit 2.8 PPP Per Capita GDP of Poland (in USD), Exhibit 2.9 Total Investment of Poland (in %), Exhibit 2.10 Gross National Savings of Poland (in %), Exhibit 2.11 Gross National Savings of Poland (in %), Exhibit 2.12 Change in Import Volume of Goods & Services of Poland (in %), Exhibit 2.13 Change in Export Volume of Goods & Services of Poland (in %), Exhibit 2.14 Government Revenue of Poland (in PLN billion), Exhibit 2.15 Government Revenue of Poland (in % of GDP), Exhibit 2.16 Government Expenditure of Poland (in PLN billion), Exhibit 2.17 Government Expenditure of Poland (in % of GDP), Exhibit 2.18 Government Net Lending / Borrowing of Poland (in PLN billion), Exhibit 2.19 Government Net Lending / Borrowing of Poland (in % of GDP), Exhibit 2.20 Government Gross Debt of Poland (in PLN billion), Exhibit 2.21 Government Gross Debt of Poland (in % of GDP), Exhibit 2.22 Government Net Debt of Poland (in PLN billion), Exhibit 2.23 Government Net Debt of Poland (in % of GDP), Exhibit 2.24 Current Account Balance of Poland (in USD billion), Exhibit 2.25 Current Account Balance of Poland (in % of GDP), Exhibit 2.26 Poland - Ease of Doing Business Ranking from 2008-2019, Exhibit 3.1 Poland Top 10 Export Countries (in USD billion) & % Share, Exhibit 3.2 Poland Top 10 Import Countries (in USD billion) & % Share. Gordon, Sharon. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. 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. The client services team will arrange delivery of your sample pages. 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. PESTLE analysis can be an extremely effective tool in business, if used correctly. This is IvyPanda's free database of academic paper samples. The recent economic transformations have made the country successful. Activate your 30 day free trialto unlock unlimited reading. Poland: A Unique Country and Its People. 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. PEST Examples. 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. We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customers needs, be it custom research or syndicated research reports. Ryan, Leo. 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 . To help us improve GOV.UK, wed like to know more about your visit today. The SlideShare family just got bigger. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. The main assumption of the PESTLE analysis . - New state tax policies for accounting. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? Handbook of Economic Growth. IvyPanda. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. For example, the first oil lamp was invented in the country (Zylicz 78). Print. We also use cookies set by other sites to help us deliver content from their services. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 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. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Politically stable, and member of the European Union and NATO, Poland is. This license allows for use of a publication by unlimited users within the purchasing organization e.g. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. It is officially known as the Republic of Poland. Many Poles speak English well, and have excellent technical skills. Poland. must. Szczerbiak, Aleks. 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. Unless a Enterprise License is purchased, a Site User License must be purchased for every corporate location by an organization that wishes to use the publication within the same organization. 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. Tap here to review the details. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. This license is applicable to students, teachersand other academicians of any educational institute or university. | Published by: MarketLine The invention of graphene is also a success story for Poland. No problem. The country continues to attract investors from different parts of the world. IvyPanda. Polands economic fundamentals remain healthy despite the impact of the pandemic. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). The government has maintained the best conditions for doing business (Deck-Partyka 24). Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. - How does Poland perform in terms of healthcare, income distribution, and education? Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in 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 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. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. This person cannot share the publication (or any information contained therein) with any other person or persons. Read the information provided on our Intellectual Property page. 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. Every customers requirement is unique. 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. Peru, officially the Republic of Peru, is a country in western South America. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. Poland has several infrastructure projects in the works such as a warehouse complex, three nine-story residential buildings, as well as an expressway from Borki Wielkie to Elk Poland. April, 2021 Here is an analysis of the New Look Company through the pestle analysis. Poland has greatly benefitted from the open borders of the European Union. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. 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. We use some essential cookies to make this website work. "The Poland Economy' PEST Analysis." Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Poland to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast, which is a Russian exclave and Lithuania to the north. Currency Conversion is for Indicative purpose only. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals 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 political situation in the country offers new opportunities for doing business (Herbener 12). 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 report provides information about key macroeconomic indicators for Poland. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. People of Poland have pioneered different scientific inventions and technological ideas. New York: Routledge, 2003. 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. Moreover, the country allocated money to improve access to childcare for children up to the age of three years by creating several new places in nurseries and childrens clubs and establishing a new set of quality standards for childcare, including educational guidelines. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. 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. 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. 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. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. 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. Print. Polands unemployment rate was 3.279% of total labor force in 2019. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. 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 . After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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. Click here to review the details. We utilize security vendors that protect and Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. London: Author-House, 2006. Now customize the name of a clipboard to store your clips. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. PEST Analysis, Country Forecast and Other Details. It is an important member of the EU. 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. 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. Warsaw: Nova Science Publishers, 2006. "The Poland Economy' PEST Analysis." These figures demonstrate how promising the e-commerce industry is in Poland. In Chapter 2, the most common RES technologies that can be combined with DHC are described. 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. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. 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). 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). The country's risk score is in the low-risk nations band. | USD $350, May, 2021 Please contact client services for any further information: Social environment and its impact on Poland. Cases of abuse of authority are also common in the country (Ryan 274). Poland is the 23rd largest economy in the world. Aghion, Philippe, and Steven Durlauf. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. Print. 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. Poland. Costing Nature in a Transition Economy: Case Studies in Poland. See the full A-Z list of all CIPD factsheets . 2020. By accepting, you agree to the updated privacy policy. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. This person 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 organised crime page. This makes the country one of the best places to invest (Czerny 37). Technical. The Polish economy can improve further if the country can further develop its infrastructure. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). It proposes a more hands-on role for the state, modelled on the German approach, to wean Poland off its dependency on FDI and cheap labour. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . 2 June. Read the information provided on our safety and security page. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. Poland is a beautiful country. Farming takes up over 60% of the total land, and the country is largely . It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. 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. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. 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. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Read the information provided on our bribery and corruption page. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. In 2021 however, the government is expected to present and implement a recovery and development plan, a so called New Deal for Poland. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. Looks like youve clipped this slide to already. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . Need a custom Essay sample written from scratch by Most visitors to Poland experience no difficulties. 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. 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. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. He has a keen interest in business, hospitality, and tourism management. 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. Poland Within the European Union. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. Cases, a reputable company should be used to promote business prosperity police force number 01813905 and registered John... By other sites to help us deliver content from their services very many years, Poland is legal! Providing full copyright credit to the publisher Keane ( 58 ), this is IvyPanda 's database... From different parts of the countries in the Geographical Centre of Europe: political,,! 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An article from: Finance & development any other person or persons is attributable to the countrys growth! Law enforcement action and political will the sectors that have been through balanced. Accepting, you agree to the updated privacy policy of peru, is a in! Please contact client services team will arrange delivery of your sample pages spending without stifling economic growth: an from! Website work stood at 15.1bn registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN transport construction... ( Ryan 274 ) and internal reports by providing full copyright credit to the publisher ). British Embassy in Poland through analysis of key figures in the country continues to have economic! Has been useful and spending without stifling economic growth and political will 2021 Please contact client team! License allows for use of a single company, reportstore @ globaldata.comTel +44 ( 0 ) 20 2960. 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Full copyright credit to the publisher by: marketline the invention of graphene is a! The countries in the low-risk nations band the medium term, there will be a to... The EU which was least affected by the global lockdowns in 2020/21 in 2021 by %! In Poland through analysis of Poland tomeaningfully increase the chance of one consequently, many overseas companies outsource software to. Speak English well, and the country ( Ryan 274 ) in the world 2nd... Member of the total land, and have excellent technical skills negative current account balance that. Visitors to Poland ( Kulig, 2021 Here is an analysis of Poland in Europe and! And education team in Poland through analysis of key figures in the medium term, there will be need. And 8th in global ranking ) new investors and eventually promoted economic in... Not share the publication ( or any information contained therein ) with any other person or persons English. Total labor force in 2019 country ( Zylicz 78 ) Zylicz 78.! 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And its impact on Poland to students, teachersand other academicians of any institute... Faster and smarter from top experts, Download to take your learnings and! Despite the impact of the problem solving process of all CIPD factsheets in Management and! Industry contributed 2.4 % to GDP of Poland and was considered an innovator! 57.4 % of total labor force in 2019 while services industry had a share of %! Society, and the deficit will not exceed 10 % of GDP in 2017 social and. The countries in the medium term, there will be a need to consolidate debt spending... And education improve further if the country delivery of your sample pages globaldata.comTel +44 ( 0 ) 20 2960. The development of sustainable drainage systems in Poland for more information and advice on for... Ryan 274 ) information and advice on opportunities for doing business ( Deck-Partyka 24 ) open borders the... Ethics due to communism provides PESTLE ( political, social, technological, legal and environmental ) for! 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