This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Costing Nature in a Transition Economy: Case Studies in Poland. This license allows for use of a publication by all users within one corporate location, e.g. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. This question is for testing whether you are a human visitor and to prevent automated spam submissions. More details are given under tab "Report License Types" below. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. 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. Herbener, Sabine. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. Bribery is illegal. 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. The Polish economy is well diversified. The main assumption of the PESTLE analysis . June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. 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. Please contact client services for any further information: Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. It comprises of sixteen administrative provinces. Euronews (2021) EU must take urgent steps over Polands human rights violations, says NGO, available at: https://www.euronews.com/2021/02/18/eu-must-take-urgent-steps-to-address-polish-rights-violation-ngo-warns (accessed 16 April 2021), Kulig, T. (2021) Polands IT industry is booming. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. 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. Please check our Privacy Policy to see how we protect and manage your submitted data. This license allows for use of a publication by one person. IvyPanda. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. PESTLE analysis can be an extremely effective tool in business, if used correctly. Print. 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.. Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). SWOT Analysis of Kelloggs (Kellogg Company), PESTEL analysis of the hospitality industry, https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income, https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline, https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html, https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/. 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. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. Dont worry we wont send you spam or share your email address with anyone. 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. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. Social. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. Please use the form given below to let us know your questions related to this report. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, nationalarchives.gov.uk/doc/open-government-licence/version/3, World Banks ease of doing business ranking, Polish Information and Foreign Investment Agency (in English), Department for International Trade (DIT) team in Poland, low risk market following the rules of EU single market, significant opportunities for UK companies in a number of key sectors such as infrastructure, defence and security, financial services and automotive, Poland was the largest beneficiary of EU funds in the last MFF (over EUR 105.8 billion in 2014 to 2020) and will continue to be the largest beneficiary of EU cohesion funds in next MFF (2021-2027), largest consumer market among the faster-growing Central European countries of the EU, springboard for regional expansion, wealthier consumers clustered in 7 high-growth agglomerations (Warsaw, Poznan, Wroclaw, Krakow, Gdansk/Tri-City, Katowice/Upper Silesia, Lodz), greatly improved transport infrastructure since 2010, with hundreds of kilometres of new motorways, faster inter-city trains, better logistics. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. 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. 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. As a result, the citizens began to promote various business activities, thus stimulating economic development. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Farming takes up over 60% of the total land, and the country is largely . In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. Poland has developed a network of labour inspectorates. 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.". In 2018, Services industry exports was valued at USD 69.8 billion for Poland. The country's risk score is in the low-risk nations band. In 2021 however, the government is expected to present and implement a recovery and development plan, a so called New Deal for Poland. Read the information provided on our bribery and corruption page. There are over 50 thousand software companies, and 18 technical universities in the country. 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). Public SectorGovernmentGeneral Government, Poland In-depth PESTLE InsightsSummaryThis PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.Synopsis. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. 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. In 2020 Poland was ranked 55 out of 179 countries in the Index. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. 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. 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. You can change your cookie settings at any time. Szczerbiak, Aleks. Print. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). (2020, June 2). He has a keen interest in business, hospitality, and tourism management. People use English and Polish languages to communicate with each other. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. 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). *Please note that the report cover image shown above is for representation purpose only. 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. How the war in Ukraine affected the EU economy, Europe's new security architecture takes shape, EU policy round-up: migration and Mercosur, Russia suspends participation in New START nuclear treaty, Chinas neutrality on Ukraine will strain ties with West, Europe chart of the week: the EU and electric vehicles. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. 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. Every customers requirement is unique. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. Poland is the 23rd largest economy in the world. Print. 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. 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). Discounts available for multiple purchases. Polands real gross domestic product (GDP) was PLN 1,983.37 billion in 2019 and due to COVID-19 outbreak it is estimated to shrink by 4.579% to be around PLN 1,892.55 billion in 2020. | USD $350, February, 2022 However, after several successive years in which Polands score and ranking improved in the [Transparency Internationals Corruption Perception Index (CPI)](http://www.transparency.org/reserach/cpi/overview, the countrys score decreased to 56 Points in 2020 from 58 Points in 2019. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. The countrys risk score is in the low-risk nations band. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. 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. 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. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. 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 country has a population of 38.5 million people. In addition, Poland encourages agricultural practices and extensive research. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. 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. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. 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 Polish economy is well diversified. 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. Legal environment and its impact on Poland. . Unless a Enterprise License is purchased, a Single User License must be purchased for every person that wishes to use the publication within the same organization. PEST Analysis, Country Forecast and Other Details. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. Warsaw: Oxford University Press, 2004. Zylicz, Tomasz. must. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). Browse Report In Poland, the average net adjusted disposable income of the top 20% of the population is an estimated $29,527/ year, whereas the bottom 20% earn an estimated $6,123/ year. 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. 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. 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. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. PEST Examples. 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. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). The section also discusses the country's performance according to World Bank Governance Indicators. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. 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%. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. Its GDP per capita went up from 49% of the EU average in 2004 to 73% in 2019 when it stood at USD 15,693. This will help us provide youwith answersso that you can purchase with confidence. Well send you a link to a feedback form. 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. 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). 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%. This license is applicable to students, teachersand other academicians of any educational institute or university. Your privacy is extremely important to us. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. 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. 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. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. The discussion below presents a PEST Analysis for Poland. This license allows for use of a publication by unlimited users within the purchasing organization e.g. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. They also borrow ideas and skills from new visitors and investors. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. The population is aging very swiftly and creating massive shortages in the labour market. Kindly use your official email address and contact number to ensure speedy response. 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. | Published by: MarketLine It is an offence for British nationals or someone who is ordinarily resident in the UK, a body incorporated in the UK or a Scottish partnership, to bribe anywhere in the world. 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. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. The major challenge affecting the country is the high rate of unemployment. Poland is a developed country. The Poland Economy' PEST Analysis. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. 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 Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Warsaw: Oxford University Press, 2006. 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. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). However, one of the biggest challenges for the country is how to encourage Polish engineers and IT experts to stay in the country, as many of them go abroad for better opportunities. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. Many people are discriminated against because of their age, religion, or gender. PEST analysis from a legal, economic . Weaknesses COVID-19 It is a politically stable country and has become a success story in Europe. a regional office. 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. 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. 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. You are in control of the communications you receive from us and you can update your preferences anytime to make sure you are receiving information that matters to you. I can advise you this service - www.HelpWriting.net Bought essay here. 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. Poland is a powerful country in Central Europe. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. The Poland Economy' PEST Analysis. Looks like youve clipped this slide to already. April, 2021 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. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. Poland does not allow or recognize civil partnerships or same sex marriages. 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. PESTLE analysis. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with IvyPanda. 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. People of Poland have pioneered different scientific inventions and technological ideas. Here is an analysis of the New Look Company through the pestle analysis. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. By accepting, you agree to the updated privacy policy. You have rejected additional cookies. It is an important member of the EU. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. Poland has a massive broadcasting market. 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. Agriculture, energy, manufacturing, and tourism are some of the top industries. 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. Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. The country continues to attract investors from different parts of the world. 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. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Guide your organization on the other hand, Poland is quickly catching up with the EU which was 22.2bn... 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