The establishment of a Polish state is often identified with the adoption of Christianity by its ruler Mieszko I, in 966 (see Baptism of Poland), when the state covered territory similar to that of present-day Poland. In 1025, Poland became a kingdom and in 1569, it cemented a long association with the Grand Duchy of Lithuania, by signing the Union of Lublin, forming the Polish–Lithuanian Commonwealth. The Commonwealth collapsed in 1795 and Poland's territory was partitioned among the Kingdom of Prussia, the Russian Empire, and Austria. Poland regained its independence as the Second Polish Republic in 1918, after World War I, but was later occupied by Nazi Germany and the Soviet Union during World War II. Poland lost over six million citizens in World War II, emerging several years later as the socialist People's Republic of Poland within the Eastern Bloc, under strong Soviet influence.
During the Revolutions of 1989, communist rule was overthrown and Poland became what is constitutionally known as the "Third Polish Republic". Poland is a unitary state, made up of sixteen voivodeships (Polish: województwo). Poland is also a member of the European Union, NATO, United Nations, World Trade Organization, and the Organisation for Economic Co-operation and Development (OECD).
The privatisation 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. To date (2007), 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.
Poland has a large number of private farms in its agricultural sector, with the potential to become a leading producer of food in the European Union. Structural reforms in health care, education, the pension system, and state administration have resulted in larger-than-expected fiscal pressures. Warsaw leads Central Europe in foreign investment. GDP growth had been strong and steady from 1993 to 2000 with only a short slowdown from 2001 to 2002.
The prospect of closer integration with the European Union has put the economy back on track, with growth of 3.7% annually in 2003, a rise from 1.4% annually in 2002. In 2004, GDP growth equaled 5.4%, in 2005 3.3% and in 2006 6.2%. For 2007, the government has set a target for GDP growth at 6.5 to 7.0%. According to Eurostat data, Polish PPS GDP per capita stood at 57 per cent of the EU average in 2008.
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