Napoleon Bonaparte once reportedly complained that history was a set of lies everyone agreed upon. While such a view may be too cynical, it is nonetheless true that nations tend to idealize their past. Poland is no different....
Poland’s state-owned hard coal mining industry is on the brink of bankruptcy thanks to falling prices and demand, rising costs and a reluctance to close unprofitable pits – all this after billions of dollars were spent in...
Twenty-five years after Poland’s political and economic transformation, the country’s banking sector has proven one of its biggest success stories. Poland’s banks have weathered several global downturns – including the...
A quarter of a century after the formation of Tadeusz Mazowiecki’s government, in which Deputy Prime Minister Leszek Balcerowicz was responsible for the economic reforms, economists are trying to answer the question as to...
The Russian embargo on the Polish food imports will result in excess supply arising on the domestic food market. The lower demand in Russia will not be compensated by consumption in Poland. The goods exported to Russia belong to...
Announced by the European Central Bank, scheduled for September, targeted long term refinancing operations (TLTRO) will become one of important transmission mechanisms of monetary policy. The ECB hopes that they will restore the...
Demographic changes will of course translate into the economic situation. In a longer perspective, the ageing of the population will result in declining employment and a slowing of economic growth.
At least 70 cities and municipalities have already launched their participatory budgets. Their number will grow since they are drivers of popularity and the local elections are scheduled as early as this autumn. Therefore, once...
A distinction must be made between the privatization of previously state-owned enterprises and the privatization of the market, for instance, through the creation of new, private, companies. This latter process has been a success...
Poland has created the organizations, procedures and processes of a modern state. By doing so it has bound itself permanently to the Western world. No great reforms will be needed in the future, only the ability to manage...