The Evolution of Private Equity in Poland

Darek Klonowski

Chapter Chapter 6 in Private Equity in Poland, 2011, pp 99-125 from Palgrave Macmillan

Abstract: Abstract For two decades now, Poland has been undergoing an in-depth economic “overhaul,” changing from a socialist to a market economy. The major macroeconomic goals accomplished since then have included the stoppage of “galloping” inflation and its systematic reduction, a decrease in interest rates, the stabilization and convertibility of local currencies, and the privatization of state-owned enterprises. Product and service prices were liberalized and allowed to find equilibrium with the market. The achievement of these ambitious macro-economic objectives, as well as the creation of legal and administrative foundations to encourage competition and free market economy behavior, has led to strong private sector growth.

Keywords: Venture Capital; Private Equity; Investee Firm; Public Market; Venture Capital Firm (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-33805-0_6

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DOI: 10.1057/9780230338050_6

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