The Republic of Poland takes an area of 312,679 square kilometers. Its population is over 38 million people.
On May 1, 2004, Poland officially became member of the European Union.
Poland is currently one of the fastest growing economies in the EU. The country is successfully transforming from centrally planned economy to capitalistic market one. From all the EU members, Poland is the only one whose GDP did not decline during the economic downturn in 2008. In fact, in 2009 it had the greatest GDP growth in the EU, meaning Poland never went through the recession during 2008-2009.
The Polish biggest privatization was the sale of the national telecoms firm to France in 2000.
After the country joined the EU, many of its workers left to other countries due to high unemployment at the time. However, the salaries are growing sharply now and the economy is booming, and thus many Polish workers returned.
Poland is still using its own currency—the zloty. It has not yet adopted the euro because it hasn’t met all criteria yet such as high inflation rate.
Today’s Euro to Poland Zloty exchange rate
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