About Interim Poland Price

The Polish EU Workers seek to expand economic growth by supporting high-tech investments, increasing productivity and foreign trade, and encouraging entrepreneurship and research. The government also supports infrastructure projects and green energy, especially solar and wind power. In addition, it provides grants for social housing and childcare. The country is also developing its tourism industry, which offers opportunities for U.S. firms in food, entertainment, lodging, and transportation.

In September, Poland’s central bank governor, an appointee of the ruling Law and Justice party (PiS), terrified markets by cutting benchmark interest rates a full 0.75 percentage points on the premise that inflation was finally cooling off. The move was widely seen as evidence of PiS’s politicization of the central bank, and its blatant disregard for its cherished independence.

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Opposition politicians seized on the domestic decline to accuse energy conglomerate PKN Orlen, 49 percent owned by the state and the dominant market player in Poland, of manipulating prices for political reasons. They are urging the European Commission to investigate.

After years of friction with Brussels, the nationalist PiS party lost its majority in parliament in an October 15 election and is seeking to improve relations with the EU. However, the party remains in control of the government through informal coalitions with smaller parties such as United Poland and Agreement. It continues to use its control of local media to spread its message. And it has generously granted subsidies for organizations run by powerful priest Tadeusz Rydzyk, a longtime PiS ally.