The country's risk score is in the low-risk nations band. 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. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Print. | USD $350, May, 2021 The government has maintained the best conditions for doing business (Deck-Partyka 24). PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. 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. People of Poland have pioneered different scientific inventions and technological ideas. 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. This license allows for use of a publication by all users within one corporate location, e.g. Polands ease of doing business ranking improved from 33rd position in 2018. 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. Print. Weaknesses COVID-19 Please use the form given below to let us know your questions related to this report. You may contact us at any time to opt-out. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. It will take only 2 minutes to fill in. Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 66.94% and reach 9.919% in 2020. Dont worry we wont send you spam or share your email address with anyone. Print. 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. However, ironically anti-migrant sentiment is high in some parts of the Polish society. 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. Copyright 2017 2025. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Gordon, Sharon. 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. Technical. New York: Routledge, 2003. Discounts available for multiple purchases. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. Bribery is illegal. 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, together with continuing low interest rates and the execution of EU fundsrelated investments, will help sustain Poland's economic growth prospects in the near term. Dec 23 2020: 37: USD 350.00: New Cars in Peru . Public willingness to confront the problem has also led to a reduction in opportunities for corruption. Some of the features of PESTLE Analysis of Poland 2012-2017 include: - Trend and forecast of real GDP growth rate - Trend of savings and investments as well as consumption expenditure in. This makes the country one of the best places to invest (Czerny 37). | USD $350, 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. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Caution should also be taken in securing premises where goods of value are stored. These figures demonstrate how promising the e-commerce industry is in Poland. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. The PESTEL . Economic. 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. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. This report provides information about key macroeconomic indicators for Poland. It is officially known as the Republic of Poland. In 2020 Poland was ranked 55 out of 179 countries in the Index. Joe David has years of teaching experience both in the UK and abroad. Poland is a powerful country in Central Europe. 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. reportstore@marketline.com June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. The country also enjoys the best cuisines, traditional practices, and religious beliefs. 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. It has a huge potential to become a leading player in the export of new technologies. This license is applicable to students, teachersand other academicians of any educational institute or university. PEST Examples. 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. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. student. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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 question is for testing whether you are a human visitor and to prevent automated spam submissions. 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. 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. Here is an analysis of the New Look Company through the pestle analysis. Do not sell or share my personal information, 1. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. Collecting information is a key part of the problem solving process. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. This license allows for use of a publication by unlimited users within the purchasing organization e.g. 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 are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. Poland is a major economic power in Europe. 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. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. Politically stable, and member of the European Union and NATO, Poland is. You have rejected additional cookies. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. An slimmed alternative to PESTLE is the PEST Analysis. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. Farming takes up over 60% of the total land, and the country is largely . 3. Poland has greatly benefitted from the open borders of the European Union. IvyPanda. professional specifically for you? 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). Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . The constitution of Poland assures the independence of the judiciary. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. 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.. The Poland Economy' PEST Analysis. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. 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. 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. IvyPanda. Customers who infringe these license terms are liable for a Global license fee. PEST Analysis: Poland. - New state tax policies for accounting. Agriculture, energy, manufacturing, and tourism are some of the top industries. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. Poland has a massive broadcasting market. Kindly use your official email address and contact number to ensure speedy response. 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. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. We utilize security vendors that protect and "The Poland Economy' PEST Analysis." 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. The current political situation explains why the country continues to have positive economic growth. a regional office. The country has a population of 38.5 million people. There are some other social challenges that Poland needs to consider. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 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 . Cases of abuse of authority are also common in the country (Ryan 274). 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. Analysis of external factors. 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. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. Handbook of Economic Growth. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. 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. The Polish government introduced a `Business Constitution in April 2018, a package of laws to improve the business environment, including exemptions for start-ups and micro-businesses from registration and social security contributions, In addition, from 30 June 2018, Poland granted itself the status of a Special Economic Zone with preferential tax rates for 15 years for companies depending on the size of investment and their location. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. Levels of organised crime in Poland remain low and most businesses will be unaffected. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. 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