Pest Analysis of Polish Construction Market
PEST Analysis
PEST analysis of polish market with a particular focus on the polish construction industry has been conducted in order to investigate the important factors that are influencing the industry in this country and having an impact on the companies operating or planning to operate in Poland in the construction sector. This analysis has been conducted in order to help assess how attractive the construction industry in Poland is and what factors can help it to develop or stop the development of it.
Political Factors http://www.warsawvoice.pl/view/21753/!
Political situation in Poland is very stable . The process of EU accession provides a guarantee that Poland remains a established democracy, with a market-based economy and with property rights respected.
Poland went through a very tragic test of its political stability after 10 April 2010 when the President of Poland and many official notables (head of national bank, ministers, vice presidents etc) have been killed in a tragic plane crash in Russia. Even though that at this day Poland lost many financial and organisational leaders, the country hasn’t experienced any political and economical instability. Also the stock exchange didn’t undergo any serious shocks and there were no problems with maintaining the unchanged credit rating for the country. It proves that the country is stable in terms of politics, well prepared for potential dangers and there is no threat for this relatively new democracy.
There are some concerns regarding the legislation issues. The construction law is considered by many specialists as too complicated and not coherent and large part of companies regard it as a great cause for concern. At this moment the legislation for the construction industry is considered as the weakest point by some of the agencies (Poland’s score at for Legal and Regulatory risks is 51.2 out of 100 according to Business Monitor International). To sum up, one of the biggest problems plaguing
PEST analysis of polish market with a particular focus on the polish construction industry has been conducted in order to investigate the important factors that are influencing the industry in this country and having an impact on the companies operating or planning to operate in Poland in the construction sector. This analysis has been conducted in order to help assess how attractive the construction industry in Poland is and what factors can help it to develop or stop the development of it.
Political Factors http://www.warsawvoice.pl/view/21753/!
Political situation in Poland is very stable . The process of EU accession provides a guarantee that Poland remains a established democracy, with a market-based economy and with property rights respected.
Poland went through a very tragic test of its political stability after 10 April 2010 when the President of Poland and many official notables (head of national bank, ministers, vice presidents etc) have been killed in a tragic plane crash in Russia. Even though that at this day Poland lost many financial and organisational leaders, the country hasn’t experienced any political and economical instability. Also the stock exchange didn’t undergo any serious shocks and there were no problems with maintaining the unchanged credit rating for the country. It proves that the country is stable in terms of politics, well prepared for potential dangers and there is no threat for this relatively new democracy.
There are some concerns regarding the legislation issues. The construction law is considered by many specialists as too complicated and not coherent and large part of companies regard it as a great cause for concern. At this moment the legislation for the construction industry is considered as the weakest point by some of the agencies (Poland’s score at for Legal and Regulatory risks is 51.2 out of 100 according to Business Monitor International). To sum up, one of the biggest problems plaguing
Bibliography: "Stable economic climate in the Polish construction industry - April 2010." Market analysis in Central and Eastern Europe - PMR Publications. 2010. 27 Apr. 2010 . "Construction Law at a Crossroads." The Warsaw Voice - Poland. 27 Apr. 2010 . "Weaker outlook for the construction industry in Poland - PMR press releases." Market analysis in Central and Eastern Europe - PMR Publications. 27 Apr. 2010 . "What Hinders Construction Projects?" The Warsaw Voice - Poland. 26 Apr. 2010 . "Wzrost produkcji budowlanej w Polsce w 2010 r. sięgnie 8% | PRportal.pl | kategoria:Biznes, autor:PRportal.pl." PRportal.pl - bezpłatne informacje prasowe dla biznesu. 27 Apr. 2010 .