Nationalization In Poland
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Nationalization In Poland
After the end of World War II, the Communist government in Poland instituted large scale nationalizations in Poland starting in 1944. Various forms of nationalization in Poland had been suggested by socialist parties and politicians during the era of the Second Polish Republic (1918–1939). Following the communist takeover of Poland in the aftermath of World War II, the new communist government issued a number of decrees nationalizing significant parts of Polish property in the years 1944–1956. Interwar Poland Following the restoration of Polish independence in 1918, a number of primarily socialist parties and politicians (eg. the Polish People's Party "Wyzwolenie", Provisional People's Government of the Republic of Poland of Ignacy Daszyński) issued promises of nationalization. As the politics and government of Poland stabilized, nationalization policy lost its support, and the March Constitution of 1921 contained property-protecting provisions that made nationalization ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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Law And Justice
Law and Justice ( pl, Prawo i Sprawiedliwość , PiS) is a right-wing populist and national-conservative political party in Poland. Its chairman is Jarosław Kaczyński. It was founded in 2001 by Jarosław and Lech Kaczyński as a direct successor of the Centre Agreement after it split from the Solidarity Electoral Action (AWS). It managed to win the 2005 parliamentary and presidential elections, after which Lech became the president of Poland. It headed a parliamentary coalition with the League of Polish Families and Self-Defence of the Republic of Poland between 2005 and the 2007 election. It placed second and they remained in the parliamentary opposition until 2015. It regained the presidency in the 2015 election, and later won a majority of seats in the parliamentary election. They retained the positions following the 2019 and 2020 election. During its foundation, it sought to position itself as a centrist Christian democratic party, although shortly after, it ad ...
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Reprivatisation Fraud In Warsaw
The reprivatisation fraud in Warsaw happened on a massive scale during the , which was performed after the fall of the Communist Poland to reverse the post-World War II nationalisation of the land in the city. A particularly notable affair regarding a lot on Chmielna Street in the downtown of Warsaw was uncovered after a series of investigative reports The following is a list of television programs formerly or currently broadcast by A&E (TV network), A&E. Current programming Original Reality *''American Justice'' (1992–2005; 2020–present) *''City Confidential'' (1998–2005; 2021–presen ... published by '' Gazeta Wyborcza'' in 2016. (This had earned the journalists the Grand Press 2016 award, the highest award for journalism in Poland and several other awards. ) In 2017 the Polish government established a dedicated ; as of July 2018 the Commission has reversed over a dozen of the decisions, but some of its rulings have led to further controversies and several trials. ...
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Repurposing
Repurposing is the process by which an object with one use value is transformed or redeployed as an object with an alternative use value. Description Repurposing is as old as human civilization, with many contemporary scholars investigating that way that different societies re-appropriate the artifacts of older cultures in new and creative ways. More recently, repurposing has been celebrated by 21st century hobbyists and arts-and-crafts organizations such as Instructables and other Maker culture communities as a means of creatively responding to the ecological and economic crises of the 21st century. Recent scholarship has attempted to relate these activities to American left- and right-libertarianism. Repurposing is the use of a tool being re-channeled into being another tool, usually for a purpose unintended by the original tool-maker. Typically, repurposing is done using items usually considered to be junk, garbage, or obsolete. A good example of this would be the Earthship ...
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Reprivatization
Reprivatization refers to the process of restoring properties seized or otherwise nationalized from privately held owners by a government to privately held status. This may include returning seized property or compensating uncompensated former owners, or reprivatizing state held enterprises to new owners, especially banks, which were privately founded but came under state control due to economic crisis or other factors. The latter scenario is sometimes referred to as privatization, though scholars have specifically referred to the sale of nationalized Mexican and Korean banks to private shareholders as reprivatization. The terms reprivatization and privatization are sometimes used to describe similar processes. The term privatization is more often used to describe the transfer of property under long-term government control to private owners, while reprivatization implies the property being returned to privately held status came under government control on a circumstantial basis. Bot ...
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CVC Capital Partners
CVC Capital Partners is a Luxembourg-based French private equity and investment advisory firm with approximately US$133 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, secondaries and credit funds. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 650 employees working across its network of 25 offices throughout EMEA, Asia and the Americas. History Spinout from Citicorp and the 1990s By the early 1990s, Michael Smith, who joined Citicorp in 1982, was leading Citicorp Venture Capital in Europe along with other managing directors Steven Koltes, Hardy McLain, Donald Mackenzie, Iain Parham, and Rolly Van Rappard. In 1993, Smith and the senior investment professionals of Citicorp Venture Capital negotiat ...
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Żabka (convenience Store)
Żabka Polska (; ''lit.'' "little frog") is a chain of convenience stores in Poland. There are at least 9,000 manned and unmanned stores across Poland, including at least 500 in Warsaw and over 340 in the Tricity area, as of . Some Żabka stores are located in the Czech Republic and owned by the Czech branch of the UK retail giant Tesco plc. The retail turnover was about €650 million in 2010. As of 2022, Żabka has more than 15.5 million customers. History Żabka was founded by entrepreneur Mariusz Świtalski in 1998 and in the same year opened its first seven stores in Poznań and Swarzędz. By October 2005, Żabka had 1,700 stores throughout Poland. In 2007, Żabka was acquired by Penta Investments. In December 2010, Penta sold the Czech operations of Žabka and its Koruna subsidiary to UK retail giant Tesco plc. The deal was closed in April 2011. In February 2011, Penta signed an agreement to sell the remaining Polish operations Żabka Polska, including the Freshmarke ...
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PKP Energetyka
PGE Energetyka Kolejowa S.A., until 2023 PKP Energetyka S.A. is the cross-country electricity distributor to the Polish railway network and other business customers. It also provides nationwide maintenance and emergency response services to the railway network, operates fuel stations for diesel locomotives and is active in electricity and gas reselling. It owns 20,000 km of distribution network and operates a fleet of highly specialised trains and rail equipment across Poland. It was created in 2001 as the result of the division of Polskie Koleje PaÅ„stwowe (Poland's state-owned railway company) into several dozen companies to prepare the ground for privatisation in line with advice that the Polish government had received from the World Bank. PKP Group originally planned to privatise PKP Energetyka in 2011, and sold it to CVC Capital Partners for 1.965 billion PLN (~525 million USD) in September 2015. In late 2022, it was reported that the Polish PiS government might buy b ...
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PGNiG
Polskie Górnictwo Naftowe i Gazownictwo S.A. ( en: Polish Oil Mining and Gas Extraction S.A.), abbreviated to PGNiG, is a Polish state-controlled oil and gas company, headquartered in Warsaw, Poland. The company has branches and representative offices in Russia, Pakistan, Belarus and Ukraine and holds equity interests in some 30 subsidiaries, including providers of specialist geophysical, drilling and well services. PGNiG is one of the largest companies in Poland, the largest Polish oil and gas exploration and production company and is listed on the Warsaw Stock Exchange. History Foundation and early history (1976–1995) PGNiG was established as a state-owned enterprise on September 1, 1982. The company is a successor of the Union of Oil and Gas Mining, which was created by a merger of the Polish Union of Gas Industry and the Oil Industry Union in 1976. Company development (1996–2012) In 1996, the company was transformed into a joint-stock company, owned by the sta ...
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Grupa Lotos
Grupa Lotos S.A. was a vertically integrated oil company based in Gdańsk, Poland. The company is listed in the Polish index WIG30. The Polish state is the majority shareholder with 53% percent. The company's main activity branches are: crude oil production, refining and marketing of oil products. The company is a leader in lubricants on the Polish market. Grupa Lotos is a producer of unleaded gasoline, diesel, fuel oils, aviation fuels, motor and industrial lubricants, bitumens and waxes. In 2018 the Polish oil refiner and retailer PKN Orlen announced its intent to acquire the company. The merger approval from the European Commission required significant asset divestments by both companies and is expected to reach closing in June or July 2022. On August 1, Orlen finalised the merger with Lotos. Consolidation Grupa Lotos is a holding composed of Grupa Lotos S.A. - the parent undertaking which manages the refinery in Gdańsk - and 18 direct subsidiaries, including Lotos Czechow ...
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PKN Orlen
Polski Koncern Naftowy Orlen Spółka Akcyjna (PKN Orlen S.A.), commonly known as Orlen, is a Polish oil refiner and petrol retailer. The corporation is a significant European publicly traded firm with major operations in Poland, Czech Republic, Slovakia, Germany, and the Baltic states as well as an operation in Canada. In February 2022, the Polish state was the first shareholder of the company with 27.52% of the shares. PKN Orlen is the fourth largest company in Central and Eastern Europe and is listed in global rankings such as ''Fortune'' Global 500, Platts TOP250 and Thompson Reuters TOP100. History Foundation (1999) The firm was created through the merger of two state-run petrochemical firms: C.P.N. (Centrala Produktów Naftowych), Communist Poland's petroleum retail monopoly and Petrochemia Płock, the state firm in charge of the oil refineries in Płock, the largest complex of its kind in Poland. After the merger of CPN and Petrochemia Płock in 1999, the company was r ...
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