In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. 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. Currency Conversion is for Indicative purpose only. Visit the Business Anti-Corruption portal providing advice and guidance about corruption in Poland and some basic effective procedures you can establish to protect your company from them. 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. Poland is now among the fastest-growing economies in the European Union (EU). 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). The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. Ryan, Leo. Technological environment and its impact on 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. This issue is being addressed both by Poland and the UK. Customers who infringe these license terms are liable for a Global license fee. 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). 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. On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. 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. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. 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. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Poland has not signed the Agreement on a Unified Patent Court. We also use cookies set by other sites to help us deliver content from their services. Looks like youve clipped this slide to already. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. We also use your market data in our Strategic Business Process to support our business decisions. IvyPanda. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. Read More. 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. Tap here to review the details. (2021) Polands contributions to and receipts from the European Union budget from 2004 to 2019, available at: https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/ (accessed 16 April 2021), Trading Economics (2021) Poland GDP, available at: https://tradingeconomics.com/poland/gdp (accessed 15 April 2021), Worldometer (2021) Poland population, available at: https://www.worldometers.info/world-population/poland-population/ (accessed 17 April 2021), World Population Review (2021) Hardest working countries 2021, available at: https://worldpopulationreview.com/country-rankings/hardest-working-countries (accessed 17 April 2021). This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. 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. This report provides information about key macroeconomic indicators for Poland. 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 Poland Economy' PEST Analysis." Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. The main assumption of the PESTLE analysis . Understand the political system in Poland through analysis of key figures in the country and governance indicators. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. The recent economic transformations have made the country successful. An slimmed alternative to PESTLE is the PEST Analysis. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). 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. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. Print. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. 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. The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education. To help us improve GOV.UK, wed like to know more about your visit today. Request a Free Sample. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. More details are given under tab "Report License Types" below. Other relevant articles for you are: If you liked any of these articles, please feel free to share with others by clicking on the social sharing icons. 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.. Political environment and its impact on Poland. 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. For example, the first oil lamp was invented in the country (Zylicz 78). Here is a PEST analysis example that can give you a clear understanding of how this works: Political. Dont include personal or financial information like your National Insurance number or credit card details. 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. 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. PESTEL analysis of Poland (Poland country profile) . Tobacco and alcohol are some of the most commonly smuggled goods. The Poland Economy' PEST Analysis. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. In the UK, this figure stood at a staggering 9.9%. The GlobalData platform is our go-to tool for intelligence services. Dont worry we wont send you spam or share your email address with anyone. I can advise you this service - www.HelpWriting.net Bought essay here. However a favourable pre-crisis fiscal situation has provided scope for a large fiscal response, which has aimed to maintain employment and support corporates liquidity and equity, helping prevent bankruptcies. 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. Polands ease of doing business ranking improved from 33rd position in 2018. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. Agriculture, energy, manufacturing, and tourism are some of the top industries. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. 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. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. In 2020 Poland was ranked 55 out of 179 countries in the Index. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. There are some other social challenges that Poland needs to consider. However, ironically anti-migrant sentiment is high in some parts of the Polish society. 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. Please choose the suitable license type from above. Szczerbiak, Aleks. 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. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Print. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? 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. In 2021 however, the government is expected to present and implement a recovery and development plan, a so called New Deal for Poland. If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. Gordon, Sharon. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. No problem. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. - New state tax policies for accounting. Request sent: your sample pages will be with you shortly. 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. . He has a keen interest in business, hospitality, and tourism management. After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. 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. Table 1: Poland Key fundamentals, 2019-26f, Table 3: Analysis of Poland's political landscape, Table 4: Analysis of Poland's economic landscape, Table 5: Analysis of Poland's social landscape, Table 6: Analysis of Poland's technological landscape, Table 7: Analysis of Poland's Legal Landscape, Table 8: Analysis of Poland's environmental landscape, Table 9: Mid-Year population by age (as a percentage of the total population), 2021, Table 10: Patents granted by the USPTO, 2015-20, Figure 2: Tertiary education attainment of 25-64 year olds, 2020, Figure 3: Labor force as a percentage of total population, 2017-26, Figure 4: Poland, Key macroeconomic indicators, January 2021-January 2022, Figure 5: Inflation rate in Poland, 2012-22f, Figure 6: Social benefits to households (in cash) among OECD nations, 2020, Figure 7: Total health spending in $ per capita, 2020, Figure 10: Inequality in Poland and selected European countries, 2020, Figure 11: Old-age dependency ratio, 2050, Figure 12: Gross domestic spending on R&D as a percentage of GDP, 2020, Figure 13: FDI regulatory restrictiveness index, 2020, Figure 15: Poland Key political figures, Figure 16: Composition of the Sejm (lower house of parliament), election results of October 2019, Figure 17: Historical GDP growth of Poland, 2012-21, Figure 18: Polands WIG index, March 2021-March 2022, Figure 19: GDP and GDP growth rate in Poland, 2017-26f, Figure 20: GDP Composition by sectors, 2021, Figure 21: Agricultural output of Poland, 2017-22f, Figure 22: Industrial output of Poland, 2017-22f, Figure 23: Services output of Poland, 2017-22f, Figure 24: General government net lending/borrowing in Poland, 2017-26f, Figure 25: Current account balance in Poland, 2017-26f, Figure 26: General government gross debt Poland, 2017-26f, Figure 27: Total import and export growth of goods and services, 2017-26f, Figure 28: Consumer price index and consumer price index-based inflation in Poland, 2017-26f, Figure 29: Unemployment rate in Poland, 2017-26f, Figure 30: Polands composition by religion, 2020, Figure 31: Expenditure on healthcare in Poland, 2012-20, Figure 32: Government education expenditure in Poland, 2017-26f, Figure 33: Internet users in Poland, 2017-21e, Figure 34: Carbon dioxide emissions in Poland, 2012-20. 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