Infrastructure is lacking despite economic growth in largest of nations about to join European Union
Published:
29 March 2004 y., Monday
Just weeks before Poland joins the European Union on May 1, Warsaw struts a new prosperity. But all is not what it seems: Despite strong economic growth driven by exports, the country faces high unemployment, political uncertainty and deeply rooted corruption.
Paradoxes abound. Those who can afford new Volvos or BMWs must still drive them along potholed roads. The hip cafes that draw fashionable young people are often housed in drab Stalinist-era concrete block buildings.
And many of the luxury goods for sale in the bright new shops and malls remain off-limits to many in Poland, where only 1 percent earn above $18,000 a year.
Such contrasts exist in all eight former communist states due to join the EU, but the stakes are highest in Poland, the largest of the new countries.
With more than 38 million people, Poland accounts for 52 percent of the new EU citizens. Poles will be 8.4 percent of the union’s population, so its economy performance will have a major impact on the rest of the bloc, the world’s largest economic union.
Analysts say that Poland’s greatest economic strength is the many modern, efficient companies that have made the transition and are already selling successfully to EU countries.
Ten years ago, Polish exports consisted mostly of raw products like coal, sulfur, apples and meat. Today, exports also include higher-value goods like precision surgical instruments, pharmaceuticals and car engines.
Šaltinis:
detnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A leading economist says Russia, Ukraine, and other East European countries have made significant progress in reforming their economies and embracing market principles
more »
Turkmenistan's president Saparmurat Niyazov and Gazprom's CEO Alexei Miller, who arrived in the Turkmen capital last night for a one-day visit, discussed the whole range of Turkmenistan's cooperation with Gazprom in the energy sphere
more »
On Friday, Gazprom CEO Alexei Miller and Citigroup Vice President Stanley Fisher discussed prospects for the two companies' cooperation
more »
BRITISH Airways is facing a "substantial" bill for "badly drafted" European Union (EU) regulations coming into force this week, which demand that airlines compensate passengers for flight delays and cancellations
more »
It will be possible to use the credits of «Zhilstroybank» (Kazakhstan) not only for purchase and building of the dwellings, but also for the repairing, exchange and modernization of apartments
more »
Sonera defendants deny deliberate violation of telecommunications privacy
more »
Ukrainian President Viktor Yushchenko is set to declare an “amnesty for capital” to make the economy more transparent
more »
Warsaw-based BRE Bank has suffered its largest ever quarterly loss, as its Q4 results were zł.385.9 million in the red
more »
The number of VISA credit cards in Russia reached around 16 million by the end of 2004, up from 9.4 million cards one year earlier
more »
Ukraine posted the highest economic growth among CIS nations in 2004, with GDP rising 12%, the CIS Interstate Statistical Committee said
more »