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National Bank Of Poland
The Narodowy Bank Polski (; the National Bank of Poland), often abbreviated to NBP, is the central bank of Poland, founded in 1945. It controls the issuing of Poland's currency, the Polish złoty. The bank is headquartered in Warsaw, and has branches in 16 major Polish cities. The NBP represents Poland in the European System of Central Banks, an EU organization. History Although the bank has existed under its current name since 1945, it is a continuation of two previous central banks, both named simply Bank of Poland (''Bank Polski''). The first one was founded in Warsaw in 1828 by Prince Franciszek Ksawery Drucki-Lubecki. An institution of the government of the Kingdom of Poland, it was entitled with issuance of the Polish currency as well as control over the credit rates. It was also entitled with a concession to operate foreign currencies and buy off credits issued by foreign companies and banks. During the Second World War the gold reserves of Poland were transferred to Rom ...
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State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ...
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Planned Economy
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. Socialist states based on the Soviet model have used central planning, although a minority such as the former Socialist Federal Republic of Yugoslavia have adopted some degree of market socialism. Market abolitionist socialism replaces factor markets with direct calculation as the means to coordinate the activities of the various socially-owned economic enterprises that make up the economy. More recent approaches to socialist planning and allocation have come from some economists and computer scientists proposing planning mechanisms based on ...
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Polish Underground State
The Polish Underground State ( pl, Polskie Państwo Podziemne, also known as the Polish Secret State) was a single political and military entity formed by the union of resistance organizations in occupied Poland that were loyal to the Government of the Republic of Poland in exile in London. The first elements of the Underground State were established in the final days of the German and Soviet invasion of Poland, in late September 1939. The Underground State was perceived by supporters as a legal continuation of the pre-war Republic of Poland (and its institutions) that waged an armed struggle against the country's occupying powers: Nazi Germany and the Soviet Union. The Underground State encompassed not only military resistance, one of the largest in the world, but also civilian structures, such as justice, education, culture and social services. Although the Underground State enjoyed broad support throughout much of the war, it was not supported or recognized by the far ...
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Berlin
Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constituent states, Berlin is surrounded by the State of Brandenburg and contiguous with Potsdam, Brandenburg's capital. Berlin's urban area, which has a population of around 4.5 million, is the second most populous urban area in Germany after the Ruhr. The Berlin-Brandenburg capital region has around 6.2 million inhabitants and is Germany's third-largest metropolitan region after the Rhine-Ruhr and Rhine-Main regions. Berlin straddles the banks of the Spree, which flows into the Havel (a tributary of the Elbe) in the western borough of Spandau. Among the city's main topographical features are the many lakes in the western and southeastern boroughs formed by the Spree, Havel and Dahme, the largest of which is Lake Müggelsee. Due to its l ...
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Marek Belka
Marek Marian Belka (; born 9 January 1952 in Lódź) is a Polish professor of economics and politician who has served as Prime Minister of Poland and Finance Minister of Poland in two governments. He is a former Director of the International Monetary Fund's (IMF) European Department and former Head of Narodowy Bank Polski (''National Bank of Poland''). He has served as a Member of the European Parliament (MEP) since July 2019. In 1978–1979 and 1985–1986 he did scientific internships at Columbia University and University of Chicago, and in 1990 - London School of Economics. From 1986, he was associated with Institute of Economics of the Polish Academy of Sciences. He published over 100 scientific papers devoted mainly to money theory and anti-inflation policy in developing countries. He specializes in applied economics and contemporary economic thought. He is also a member of the Committee of Economic Sciences of the Polish Academy of Sciences. He held a number of importan ...
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Sławomir Skrzypek
Sławomir Stanisław Skrzypek (10 May 1963 – 10 April 2010) was the President of the National Bank of Poland (NBP) from 2007 until his death in 2010. He died in the 2010 Polish Air Force Tu-154 crash, when a plane transporting a number of Polish notables, including the President of Poland Lech Kaczynski, crashed en route to a ceremony commemorating the 70th anniversary of the Katyń massacre. Life and career Born in Katowice, Skrzypek graduated from the Silesian University of Technology before taking an MBA from the University of Wisconsin-La Crosse, further post-graduate degrees at Cracow University of Economics, the University of Silesia, Georgetown University and at IESE Business School at the University of Navarra. It was on 10 January 2007 that Skrzypek was appointed to the role of President of the NBP, with a vote of 239 Sejm deputies in favor, 202 against and one abstaining. He replaced Leszek Balcerowicz. His choice by President Kaczynski was controversial; oppositi ...
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Leszek Balcerowicz
Leszek Henryk Balcerowicz (pronounced ; born 19 January 1947) is a Polish economist, statesman, and Professor at Warsaw School of Economics. He served as Chairman of the National Bank of Poland (2001–2007) and twice as Deputy Prime Minister of Poland (1989–1991, 1997–2001). In 1989, he became Minister of Finance in Tadeusz Mazowiecki's first non-communist government and led the free-market economic reforms, proponents of which say they have transformed Poland into one of Europe's fastest growing economies, but which critics say were followed by a large increase in unemployment. In 2007, he founded the Civil Development Forum (Forum Obywatelskiego Rozwoju) think-tank and became the chairman of its council. Biography In 1970 he graduated with distinction from the Foreign Trade faculty of the Central School of Planning and Statistics in Warsaw (currently: SGH Warsaw School of Economics). Balcerowicz received his MBA from St. John's University in New York, in 1974 and doct ...
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Hanna Gronkiewicz-Waltz
Hanna Beata Gronkiewicz-Waltz (, born 4 November 1952) is a Polish politician and lawyer, Professor of Jurisprudence and politician who served as the city mayor of Warsaw between 2006 and 2018. She is the first woman to hold this position. Life and career Between 1992 and 2000, she was the chairman of the National Bank of Poland, the central bank of Poland. She resigned to take the position of the deputy chairman of European Bank for Reconstruction and Development, a position she held between 2001 and 2004. Gronkiewicz-Waltz was elected to the Sejm on 25 September 2005 after receiving 137,280 votes in the 19th Warsaw district, running on the Civic Platform list. In the 2006 municipal elections, Gronkiewicz-Waltz served as Civic Platform's nominee for mayor of Warsaw. On 12 November she gained 34.23%, finishing next to Law and Justice candidate, former prime minister Kazimierz Marcinkiewicz. As neither received 50 percent of the vote, a second round election was held on 26 Nove ...
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Władysław Baka
Władysław Baka (24 March 1936 – 3 March 2021) was a Polish economist, politician, and banker. He was a in the Council of Ministers, President of the National Bank of Poland from 1985 to 1988 and again from 1989 to 1991, and served on the Politburo of the Polish United Workers' Party from 1988 to 1989. Biography The son of Władysław and Marta, Baka graduated from the at the University of Warsaw in 1958. He obtained a doctoral degree in 1971, became an associate professor in 1977, and a full professor in 1989. From 1975 to 1981, he supervised the of the Polish Academy of Sciences. In 1955, Baka joined the Polish United Workers' Party and served on its Central Committee. From 1972 to 1973, he headed the committee's propaganda department and subsequently worked in its economic departments. From 1981 to 1985, he was a Minister without Portfolio in the Council of Ministers, where he helped to plan economic reform. From 1985 to 1988 and 1989 to 1991, he was President of the Na ...
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Prof
Professor (commonly abbreviated as Prof.) is an academic rank at universities and other post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin as a "person who professes". Professors are usually experts in their field and teachers of the highest rank. In most systems of academic ranks, "professor" as an unqualified title refers only to the most senior academic position, sometimes informally known as "full professor". In some countries and institutions, the word "professor" is also used in titles of lower ranks such as associate professor and assistant professor; this is particularly the case in the United States, where the unqualified word is also used colloquially to refer to associate and assistant professors as well. This usage would be considered incorrect among other academic communities. However, the otherwise unqualified title "Professor" designated with a capital letter nearly always refers to a full professor. ...
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President Of The Republic Of Poland
The president of Poland ( pl, Prezydent RP), officially the president of the Republic of Poland ( pl, Prezydent Rzeczypospolitej Polskiej), is the head of state of Poland. Their rights and obligations are determined in the Constitution of Poland. The president heads the executive branch. In addition, the president has a right to dissolve parliament in certain cases, can veto legislation and represents Poland in the international arena. History The first president of Poland, Gabriel Narutowicz, was sworn in as president of the Second Polish Republic on 11 December 1922. He was elected by the National Assembly (the Sejm and the Senate) under the terms of the 1921 March Constitution. Narutowicz was assassinated on 16 December 1922. Previously Józef Piłsudski had been "Chief of State" (''Naczelnik Państwa'') under the provisional Small Constitution of 1919. In 1926 Piłsudski staged the " May Coup", overthrew President Stanisław Wojciechowski and had the National Assembly elec ...
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Sejm
The Sejm (English: , Polish: ), officially known as the Sejm of the Republic of Poland (Polish: ''Sejm Rzeczypospolitej Polskiej''), is the lower house of the bicameral parliament of Poland. The Sejm has been the highest governing body of the Third Polish Republic since the transition of government in 1989. Along with the upper house of parliament, the Senate, it forms the national legislature in Poland known as National Assembly ( pl, Zgromadzenie Narodowe). The Sejm is composed of 460 deputies (singular ''deputowany'' or ''poseł'' – "envoy") elected every four years by a universal ballot. The Sejm is presided over by a speaker called the "Marshal of the Sejm" (''Marszałek Sejmu''). In the Kingdom of Poland, the term "''Sejm''" referred to an entire two-chamber parliament, comprising the Chamber of Deputies ( pl, Izba Poselska), the Senate and the King. It was thus a three-estate parliament. The 1573 Henrician Articles strengthened the assembly's jurisdiction, makin ...
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