Warsaw: Oxford University Press, 2004. Click here to review the details. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. 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. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. IvyPanda. 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. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. PEST Examples. 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). Dont worry we wont send you spam or share your email address with anyone. Caution should also be taken in securing premises where goods of value are stored. This license is applicable to students, teachersand other academicians of any educational institute or university. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. 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. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). 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. How can you benefit from that? EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. . Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Dec 23 2020: 37: USD 350.00: New Cars in Peru . The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. 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. The invention of graphene is also a success story for Poland. Read the information provided on our safety and security page. PESTEL analysis of Poland (Poland country profile). The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. Bribery is illegal. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). 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. . 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). This person cannot share the publication (or any information contained therein) with any other person or persons. - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. PESTLE analysis can be an extremely effective tool in business, if used correctly. | USD $350, February, 2022 This makes the country one of the best places to invest (Czerny 37). Please contact client services for any further information. Employees are entitled to 20 days annual holiday if they have been employed for less than 10 years, and 26 days if employed for 10 years. Need a custom Essay sample written from scratch by We've encountered a problem, please try again. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. 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. 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. Politically stable, and member of the European Union and NATO, Poland is. Poland has developed a network of labour inspectorates. This is IvyPanda's free database of academic paper samples. Poland was ranked 35th out of 152 nations in the GCRI Q2 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. 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. Activate your 30 day free trialto unlock unlimited reading. reportstore@marketline.com 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. 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. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Cases of abuse of authority are also common in the country (Ryan 274). Information on key security and political risks which UK businesses may face when operating in Poland. Technological environment and its impact on Poland. - New state tax policies for accounting. | USD $350, June, 2021 The Poles are unlikely to join the Eurozone soon. Pages: 46 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. Print. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. London: Author-House, 2006. Poland is now among the fastest-growing economies in the European Union (EU). All rights reserved LCHW. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. 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. Files are delivered directly into your account soon . 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. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. | USD $350, May, 2021 The discussion below presents a PEST Analysis for Poland. all employees of a single company. IvyPanda. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. Agriculture, energy, manufacturing, and tourism are some of the top industries. Well send you a link to a feedback form. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. 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. 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. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. 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. 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. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, The Economic Impact of SMEs in the Economy, China's Economic Development and Social Problems, Polish Coal Export to Germany, Its History and Trends, Poland as an International Business Setting, Political Economy of Poland and the European Union, Foreign Direct Investment in Poland and Czech Republic, Ryan Air Pest Analysis: Technological Factors, Multinational Firms Impacts on the Economic Growth, Export-Oriented Industrialization and Its Principles, South Africa: International Agribusiness, Trade and Financing, Human Development: Democratization and Economy' Relations, Human Development Index: Limitations and Benefits. 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. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. Most visitors to Poland experience no difficulties. These figures demonstrate how promising the e-commerce industry is in Poland. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. It comprises of sixteen administrative provinces. PEST Analysis: Poland. You have accepted additional cookies. Print. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. Print. 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. *Please note that the report cover image shown above is for representation purpose only. Collecting information is a key part of the problem solving process. 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. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. | Published by: MarketLine Life expectancy is 74 years for men, and 82 years for women. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals must. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. All orders are processed in US Dollars only. 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. 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. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Poland is also a diverse country in terms of culture (Zylicz 73). . It appears that you have an ad-blocker running. 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. Poland became a democratic country in 1989. The countrys risk score is in the low-risk nations band. Handbook of Economic Growth. Farming takes up over 60% of the total land, and the country is largely . You are free to use it for research and reference purposes in order to write your own paper; however, you In 2020 Poland was ranked 55 out of 179 countries in the Index. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. 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. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. 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