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Poland has been a member state of the European Union since 1 May 2004, with the Treaty of Accession 2003 signed on 16 April 2003 in Athens as the legal basis for Poland's accession to the EU. The actual process of integrating Poland into the EU began with Poland's application for membership in Athens on 8 April 1994, and then the confirmation ...
In the early 1990s, Poland made progress towards achieving a democratic government and a market economy. In November 1990, Lech Wałęsa was elected president for a 5-year term. Jan Krzysztof Bielecki , at Wałęsa's request, formed a government and served as its prime minister until October 1991, introducing world prices and greatly expanding ...
Poland shipped US$224.6 billion worth of goods around the globe in 2017, while exports increased to US$221.4 billion. The country's top export goods include machinery, electronic equipment, vehicles, furniture, and plastics. Poland was the only economy in the EU to avoid a recession through the 2007–08 economic downturn. [33]
The state of Poland's economy as of 1989 was dire. [2] After failed social and economic reforms of 1970s the communist government had secretly declared its insolvency to Western creditors in 1981. [3]
In 1994, Poland became an associate member of the European Union (EU) and its defensive arm, the Western European Union (WEU). In 1996, Poland achieved full OECD membership and submitted preliminary documentation for full EU membership. Poland formally joined the European Union in May 2004, along with the other members of the Visegrád Group.
The European Union (EU) is a political and economic union of 27 member states that are party to the EU's founding treaties, and thereby subject to the privileges and obligations of membership. They have agreed by the treaties to share their own sovereignty through the institutions of the European Union in certain aspects of government.
On 1 July 1990, exchange controls are abolished, thus capital movements are completely liberalised in the European Economic Community. The Treaty of Maastricht in 1992 establishes the completion of the EMU as a formal objective and sets a number of economic convergence criteria , concerning the inflation rate, public finances, interest rates ...
The European Union (EU) has expanded a number of times throughout its history by way of the accession of new member states to the Union. To join the EU, a state needs to fulfil economic and political conditions called the Copenhagen criteria (named after the Copenhagen summit in June 1993), which require a stable democratic government that ...