Tourist information about Poland
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Useful information about Poland
Poland Background
Poland is an ancient nation that was conceived around the middle of the 10th century. Its golden age occurred in the 16th century. During the following century, the strengthening of the gentry and internal disorders weakened the nation, until an agreement in 1772 between Russia, Prussia, and Austria partitioned Poland. Poland regained its independence in 1918 only to be overrun by Germany and the Soviet Union in World War II. It became a Soviet satellite country following the war, but one that was comparatively tolerant and progressive. Labor turmoil in 1980 led to the formation of the independent trade union "Solidarity" that over time became a political force and by 1990 had swept parliamentary elections and the presidency. A "shock therapy" program during the early 1990s enabled the country to transform its economy into one of the most robust in Central Europe, boosting hopes for acceptance to the EU. Poland joined the NATO alliance in 1999.
Poland Economy
Poland has steadfastly pursued a policy of liberalizing the economy and today stands out as one of the most successful and open transition economies. GDP growth had been strong and steady in 1993-2000 but fell back in 2001-02 with slowdowns in domestic investment and consumption and the persistent weakness in the European economy. The privatization of small and medium state-owned companies and a liberal law on establishing new firms have allowed for the vibrant development of a private business sector. In contrast, Poland's large agricultural sector remains handicapped by structural problems, surplus labor, inefficient small farms, and lack of investment. Restructuring and privatization of "sensitive sectors" (e.g., coal, steel, railroads, and energy) have begun. Structural reforms in health care, education, the pension system, and state administration have resulted in larger than expected fiscal pressures. Further progress in public finance depends mainly on privatization of Poland's remaining state sector. The government's determination to enter the EU as soon as possible affects most aspects of its economic policies. Improving Poland's outsized foreign trade deficit and containing the internal budget deficit are top priorities. Warsaw leads the region in foreign investment and needs a continued large inflow.
