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- W120077806 abstract "An old Chinese proverb states that predictions are difficult to make, especially about the future. Nonetheless, certain trends should become relevant as Poland enters the twenty-first century. What, then, can one expect of the future? Despite apparent economic success, strikes and demonstrations probably will continue. Closure of the huge shipyard at Gdansk, where Solidarity had been born in August 1980, resulted in layoffs for some 3,800 employees during 1997. A new joint venture with Pomorski Bank Kiedytowy [Pomeranian Credit Bank], the privately owned shipyard at Szczecin, and the Polish Steamship Company, offered to build five vessels which would employ about half of the regular work force. Solidarity began issuing shares in a public offering to support the project. Other protests subsequently came from arms industry workers demanding higher subsidies from the government's budget. In the meantime, the European Bank for Reconstruction and Development offered $100 million as an investment for shipbuilding. Accession to NATO might solve these problems after the year 2000.1 Another solution could be effected much sooner through the mass privatization of 512 former state-owned enterprises, shares in which have been traded on the stock exchange through fifteen investment funds since June 1997. More than 25 million Polish citizens, or about 95 percent of those eligible, exchanged their privatization vouchers for shares. Results of a public opinion poll, published in mid-October, indicated that only three percent of the population kept savings at home and forty percent had bank accounts. The government also announced that it would sell off its telecommunications company, valued at $15 billion, in 1998 and open the market to competition in the following year. However, reprivatization of private property, confiscated by communist authorities at the end of World War II, still has many obstacles to clear.2" @default.
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- W120077806 date "2016-01-01" @default.
- W120077806 modified "2023-09-27" @default.
- W120077806 title "FUTURE PROSPECTS FOR POLAND" @default.
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