Word: polander
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...Leading Poland to democracy brought Lech Walesa a Nobel Peace Prize and international acclaim, but he admits to a few regrets. One is that he was so busy throughout the 1980s and '90s that he "did not have the time to follow developments in technology closely." But he is catching...
...McColl in Charlotte, where Bank of America is based. Michalewicz's father Zbigniew is a product of Warsaw's famed schools of mathematics and a former chairman of the computer-science department at uncc; he serves as NuTech's head scientist. Father and son, who immigrated from Poland in 1989, started NuTech with businessman Daniel Cullen. In April they were able to organize a meeting with Walesa through connections there. Walesa, who leads a foundation that promotes a free-market economy in Poland, says that although he is happy to be working with his countrymen, he joined NuTech primarily because...
...highlights a sharp divergence in risk perceptions at the board session, which also included Moises Naim, formerly Venezuela's Trade and Industry Minister, who is editor of the Washington-based journal Foreign Policy; Fang Xinghai, the deputy chief executive of the Shanghai Stock Exchange; and Slawomir Sikora, president of Poland's Bank Handlowy w Warszawie--now part of Citigroup...
...sliding dollar is good news for Poland. "We're the only ones not complaining," said Sikora, president of Poland's Bank Handlowy w Warszawie. Reason: Poland's external debt is in dollars, whereas most of its exports are in euros, which means it benefits coming and going. "We dream about this situation," Sikora said. Poland is the biggest of the 10 nations set to join the E.U. later this year, and Sikora is hopeful that accession will boost growth. Poland's lower labor costs give it a competitive edge, and it continues to enjoy some foreign direct investment, although...
Still, the transition to E.U. membership could be tough, as Poland has an 18% unemployment rate and an inefficient farming sector. The nation's finances are also deteriorating, with total debt creeping up toward 60% of GDP. Sikora said most Polish economists believe Poland should adopt the euro as soon as possible, perhaps by 2007. But he says that uncertainties about the Growth and Stability Pact may push that date back a couple of years...