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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. The bank doesn't translate its name to English but uses its Polish name ''Narodowy Bank Polski'' in all its English communications. History Although the bank has existed under its current name since 1945, it claims the legacy of two previous central banks, both named Bank of Poland (). The First Bank of Poland was founded in Warsaw in 1828 by Prince Franciszek Ksawery Drucki-Lubecki under the government of the Kingdom of Poland. The Second Bank of Poland, founded in 1924, was the central bank of the Second Polish Republic. During the Second World War the gold reserves of Poland were transferred to Romania, Great Bri ...
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State Ownership
State ownership, also called public ownership or government ownership, is the ownership of an Industry (economics), industry, asset, property, or Business, enterprise by the national government of a country or State (polity), state, or a public body representing a community, as opposed to an individual or Private property, private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from Public good, public goods and government services financed out of a Government budget, government's general budget. Public ownership can take place at the Central government, national, regional government, regional, local government, 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 ownership, collective/cooperative, and common ownership. In marke ...
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Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of countries and dependencies by area, second-largest country by total area, with the List of countries by length of coastline, world's longest coastline. Its Canada–United States border, border with the United States is the world's longest international land border. The country is characterized by a wide range of both Temperature in Canada, meteorologic and Geography of Canada, geological regions. With Population of Canada, a population of over 41million people, it has widely varying population densities, with the majority residing in List of the largest population centres in Canada, urban areas and large areas of the country being sparsely populated. Canada's capital is Ottawa and List of census metropolitan areas and agglomerations in Canada, ...
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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) from 2019 to 2024. In 1978–1979 and 1985–1986 he did scientific internships at Columbia University and the University of Chicago, and in 1990 - London School of Economics. From 1986, he was associated with the 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 ...
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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 Kaczyński, 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; opposition ...
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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 the Republic of Poland, Deputy Prime Minister of Poland (1989–1991, 1997–2001). In 1989, he became Minister of Finance in Tadeusz Mazowiecki, Tadeusz Mazowiecki's first non-communist government and led the Balcerowicz Plan, 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 Civic 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). ...
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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 and so far only woman to have held 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 elect ...
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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 Nat ...
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Prof
Jacob Lukas Anderson (born April 29, 1984), better known by his stage name Prof, is an American rapper, singer, and producer based in Minneapolis, Minnesota. He released his first full-length album, ''Project Gampo'', in 2007 and has since released six additional albums and three EPs. In 2012, ''City Pages'' named Prof on their list of Minnesota's 20 best rappers. He was formerly signed to Rhymesayers Entertainment. Early life Jacob "Jake" Anderson was born in Minneapolis, Minnesota, and grew up in the city's Powderhorn, Minneapolis, Powderhorn neighborhood. His mother, Colleen, had a rocky relationship with his father (who suffered from bipolar disorder and was physically abusive) whom she would later divorce and move away from, taking Anderson's three older sisters with her. In his teenage years, he developed a "comedic, dirty-mouthed rap persona" he named Gampo after a childhood friend. Anderson graduated from South High School (Minneapolis), Minneapolis South High School in 2 ...
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President Of The Republic Of Poland
The president of Poland ( ), officially the president of the Republic of Poland (), is the head of state of Poland. His or her prerogatives and duties are determined in the Constitution of Poland. The president jointly exercises the executive power together with the Council of Ministers headed by the prime minister. The president has a right to dissolve both chambers of parliament in certain cases determined by the constitution, can veto legislation, represents the Republic on the international stage, and is the commander-in-chief of the nation's Armed Forces. 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 Constit ...
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Sejm
The Sejm (), officially known as the Sejm of the Republic of Poland (), is the lower house of the bicameralism, bicameral parliament of Poland. The Sejm has been the highest governing body of the Third Polish Republic since the Polish People's Republic, transition of government in 1989. Along with the upper house of parliament, the Senate of Poland, Senate, it forms the national legislature in Poland known as Parliament of Poland#National Assembly, National Assembly (). The Sejm comprises 460 Member of parliament, deputies (singular or ) elected every four years by Universal suffrage, universal ballot. The Sejm is presided over by a Speaker of parliament, speaker, the "Marshal of the Sejm" (). In the Kingdom of Poland (1385–1569), Kingdom of Poland, the term ''Sejm'' referred to an entire two-Chambers of parliament, chamber parliament, comprising the Chamber of Deputies (), the Senate and the King. It was thus a three-estate parliament. The 1573 Henrician Articles strengthe ...
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Constitution Of Poland
The Constitution of the Republic of Poland ( or ''Konstytucja RP'' for short) is the supreme law of the Republic of Poland, which is also commonly called the Third Polish Republic ( or ''III RP'' for short) in contrast with the preceding systems. The current constitution was ratified on 2 April 1997. The Constitution is also commonly referred to as the 1997 Constitution. It replaced the Small Constitution of 1992, a revision of the 1952 Constitution of the Polish People's Republic. It was adopted by the National Assembly of Poland on 2 April 1997, approved by a national referendum on 25 May 1997, promulgated by the President of the Republic on 16 July 1997, and came into force on 17 October 1997. Poland (and its predecessor states) have had numerous constitutions throughout history; the 1505 ''Nihil novi'' was one of the first European constitutional acts. Historically, the most significant is the Constitution of 3 May 1791. The Constitution New character of the nation The ...
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Market Economy
A market economy is an economic system in which the decisions regarding investment, production, and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. Market economies range from minimally regulated free market and '' laissez-faire'' systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides yet does not substitute the market for economic planning—a form sometimes r ...
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