Privatization In Poland
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Privatization In Poland
Privatization in Poland includes: *1996 Polish referendums, a double referendum on enfranchisement and state property *Balcerowicz Plan, method for rapidly transitioning from an economy based on state ownership and central planning, to a capitalist market economy *Powszechny Zakład Ubezpieczeń Powszechny Zakład Ubezpieczeń Spółka Akcyjna (Polish pronunciation: , PZU) () is a publicly traded insurance company, a component of the WIG20 and Poland's biggest and oldest insurance company. PZU is headquartered in Warsaw and also one of t ..., a publicly traded insurance company {{sia Privatization in Poland Privatization by country ...
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1996 Polish Referendums
A double referendum was held in Poland on 18 February 1996.Dieter Nohlen & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p1491 One concerned enfranchisement, whilst the others concerned state property. The first was ordered by the President, whilst the others were created on the basis of resolution made by Sejm. All except one were approved by over 90% of voters. However, voter turnout was just 32%, well below the 50% threshold required to make the referendums valid.Polish Referendum: Mixed Results Stall Privatization
Chicago Tribune, 21 February 1996


Act about the referendums

The act about the referendums was passed on June 25, 1995 (
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Balcerowicz Plan
The Balcerowicz Plan ( pl, plan Balcerowicza), also termed "Shock Therapy", was a method for rapidly transitioning from an economy based on state ownership and central planning, to a capitalist market economy. A group of experts, which they formed together with Balcerowicz, including Dr. Stanisław Gomułka, Dr. Stefan Kawalec and Dr. Wojciech Misiąg, in September 1989 created a reform plan based on an earlier idea of prof. Jeffrey Sachs, and on October 6, an outline of this plan was presented to the public by Balcerowicz at a press conference broadcast by TVP. Named for Min. Balcerowicz, the Polish minister and economist Leszek Balcerowicz, the free-market economic reforms, the plan was adopted in Poland in 1989. There was a temporary drop in output, but growth was eventually achieved by 1992. Similar reforms were made in a number of countries. The plan has resulted in reduced inflation and budget deficit, while simultaneously increasing unemployment and worsening the financia ...
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Powszechny Zakład Ubezpieczeń
Powszechny Zakład Ubezpieczeń Spółka Akcyjna (Polish pronunciation: , PZU) () is a publicly traded insurance company, a component of the WIG20 and Poland's biggest and oldest insurance company. PZU is headquartered in Warsaw and also one of the largest financial institutions in Poland. It is also one of the top insurance companies in Central and Eastern Europe. PZU Group offers the selection of nearly 200 insurance products on the Polish market. The activity of PZU group encompasses the comprehensive insurance-financial service. The Group entities provide services in the area of non-life insurance, personal and life insurance, investment funds and open pension fund. History Foundation The company's origin dates back to 1803 when the first insurance company in Poland was established. In the years 1927-1952 the company operated under the name ''Powszechny Zakład Ubezpieczeń Wzajemnych'' and between 1952-1990 it was known as ''Państwowy Zakład Ubezpieczeń'' (State In ...
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Privatization In Poland
Privatization in Poland includes: *1996 Polish referendums, a double referendum on enfranchisement and state property *Balcerowicz Plan, method for rapidly transitioning from an economy based on state ownership and central planning, to a capitalist market economy *Powszechny Zakład Ubezpieczeń Powszechny Zakład Ubezpieczeń Spółka Akcyjna (Polish pronunciation: , PZU) () is a publicly traded insurance company, a component of the WIG20 and Poland's biggest and oldest insurance company. PZU is headquartered in Warsaw and also one of t ..., a publicly traded insurance company {{sia Privatization in Poland Privatization by country ...
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