The chances of Poland entering the euro area in the coming years are slim. The reasons for this are political and are connected with the constitutional provision that Narodowy Bank Polski has the exclusive right to issue money and implement monetary policy in Poland.
Sociologists dealing with Polish trade unions estimate they have between 1.5m - 2.4m members. This wide divergence underscores the lack of precise data on trade. What the surveys do clearly show is that 74% of respondents do not see unions having any positive impact the situation of employees.
Economic and demographic indicators will prevent our politicians from fulfilling their dreams of Poland participating in the G-20. However, we could fight for the status of a permanent guest and represent the societies which have freed themselves from communism and achieved a great success building market institutions that are less bureaucratised than in the rich Western countries.
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 with positive consequences for entire economy – says prof. Leszek Balcerowicz, author of the 1989 reforms.
Four new countries, among them Poland, will be audited as part of the IMF’s Financial Sector Assessment Program (FSAP). The program assesses financial systems in countries where a crisis would have a significant impact on the global economy, either due to the size of that country’s economy or its interconnectedness with others. We’ll be more important, but also subject to more frequent assessment.
Four months into budget implementation, the State budget deficit amounted to PLN 31.7 billion, that is nearly 90 per cent of the total value planned for the year. It is almost certain that tax revenues will be lower than expected. The introduction of an amendment to the budget act, the first one since 2009, is however uncertain, as this is always a last resort measure for any government determined to protect its public image.
In the latest World Bank’s Doing Business 2013 ranking, Poland came 55 among 185 countries ranked. A way behind, but we moved up the fastest among all countries – 7 spots, which was thanks to the work of the Ministry of Justice. In many other areas, we are still a way behind, among the 200ths.
The preferential system of social insurance for farmers is a deviation from the rule of uniform treatment of all citizens and a thorn in the flesh of reformers of public economy and finance. At the same time, it is a bastion of defence of rural politicians. The status quo in this area results in the persistently low efficiency of agriculture and discourages farmers from legal search for other sources of income.