EURO 2012 – Gdańsk
EURO 2012 in Poland
On 18 April 2007, at the meeting in Cardiff, the Executive Committee of the Union of European Football Associations (UEFA) announced their decision to stage the finals of the European Football Championships 2012 in Poland and Ukraine. Many view it as the third largest sporting event in the world, preceded only by the Olympic Games and the football World Cup Finals.
The finals of the European Football Championships are not only about football matches. It is Read more »
Privatisation Strategy for Warsaw Stock Exchange
Ministry of Treasury is working on the privatisation strategy for Giełda Papierów Wartościowych w Warszawie S.A (the Warsaw Stock Exchange). It is envisaged that the shares will be sold through the public offer and offered to a broad group of domestic and foreign investors, including Open Pension Funds, Investment Funds, Stock Exchange Members and individual investors.
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Onshore, nearshore, offshore in Poland – Report
Privatisation plan 2008-2011
Key Projects for the Years 2009-2010
“Privatisation Plan for 2008-2011” prepared by the Ministry of Treasury and approved by the Council of Ministers in April 2008 provides for the privatisation of 802 companies, and has been underway for the last 18 months. With relation to the government’s decision to increase the pace of the privatisation considerably, the Ministry of Treasury has developed the update of the four-year program for the next 18 months, involving the selection of 58 key companies to be privatised in the years 2009-2010: 19 companies by the end of 2009, and the remaining 39 companies in 2010.
The key privatisation project offer includes:
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Economy and tourism
Poland is considered to have one of the healthiest economies of the post-communist countries and is currently the fastest growing country within the EU. Since the fall of the communist government, Poland has steadfastly pursued a policy of liberalising the economy and today stands out as a successful example of the transition from a centrally planned economy to a primarily capitalistic market economy. Poland is the only member of the European Union to have avoided a decline in GDP during the late 2000s recession. In 2009 Poland has had the greatest GDP growth in the EU. As of November 2009 the Polish economy has not entered the global recession of the late 2000s nor has it even contracted.
The privatization of small and medium state-owned companies and a liberal law on establishing new firms have allowed the development of an aggressive private sector. As a consequence, consumer rights organizations have also appeared. Restructuring and privatisation of “sensitive sectors” such as coal, steel, rail transport and energy has been continuing since 1990. Between 2007 and 2010, the government plans to float twenty public companies on the Warsaw Stock Exchange, including parts of the coal industry. The biggest privatisations have been the sale of the national telecoms firm Telekomunikacja Polska to France Télécom in 2000, and an issue of 30% of the shares in Poland’s largest bank, PKO Bank Polski, on the Polish stockmarket in 2004.
Warsaw Stock Exchange – WSE
The largest stock exchange in eastern Europe, located in Warsaw Poland. Trading started on April 16, 1991 (The capital market tradition in Poland dates back to 1817, when the first Mercantile Exchange was founded in Warsaw.), and the exchange ballooned to a market capitalization of approximately $200 billion (EUR) in six years. Instruments such as shares, bonds and various derivative products can all be traded electronically on this exchange. The WSE is a joint-stock company founded by the state treasury.
Many economists expect that Eastern Europe will continue to be an area of rapid growth in the foreseeable future and the Warsaw Stock Exchange will be sure to benefit from the increased investment.
The first companies listed on the exchange were: Tonsil, Prochnik, Krosno, Kable and Exbud.
Domestic Market
Poland is attractive for investors for many reasons, but top of the list is its 38 million domestic consumer market. Poles form over one third of the citizens of the new EU member countries. Our country is the 30th largest market in the world, with its position being strengthened year after year by rapid economic growth and the subsequent increases in rates of pay. The gross average pay in II Q of 2007, was 2.644.34 PLN, app. 8.9% more than a year before. Every year, Poles can afford more and more luxury goods and services. According to estimates, in 2007, Polish citizens spent 21 billion PLN on cars alone, i.e. one third more than the year before. The same situation applies to the domestic appliances market. 2007 saw a boom in domestic appliances sales; in the first half of 2007 the sales were up by a quarter, from the comparable period the year before.
Between 2004 and 2007, 12 new countries entered the EU. Poland’s citizens form almost 37% of the total number of residents of these countries.





