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
Statistics Lithuania informs that based on provisional data as of 1 April 2008 foreign direct investment (FDI) made LTL 33.63 billion, or by 2.8 per cent less than on 1 January 2008.
more »
Boston-based Celent LLC has published a new report about the state of the Turkish credit-card market, which has developed rapidly over the last decade and is expected to represent a high-growth opportunity.
more »
Fastest annual revenue growth since 1999 fuels 32% increase in earnings per share.
more »
First Data Shareholders to Receive $34 per Share in Cash;
Transaction Valued at $29 Billion
more »
Belarus' international reserves decreased by 3.8 percent in January 2007 to $1,329.9 million as of February 1, according to the National Bank of Belarus (NBB).
more »
The Minsk Tractor Works (MTZ) manufactured nearly 172 billion rubels worth of industrial products in the first month of 2007, which was a 19.8-percent year-on-year increase.
more »
The Belarusian government plans to borrow up to $1 billion abroad this year to cushion the effects of a sharp hike in the price of energy resources.
more »
Russia's Audit Chamber has suggested reviewing all economy agreements between Belarus and Russia, Andrei Kokoshin, head of the standing committee on CIS affairs in the State Duma (Russia's lower parliamentary house), said on Thursday.
more »
Belarus is contemplating the purchase of two oil wells in Russia, a senior executive at the Belneftekhim state-controlled petrochemical concern said Tuesday.
more »
Aleksandr Lukashenko warned that a slowdown of Belarus' economic development pace could undermine public confidence in the government and damage the country's image in the international arena.
more »