CONDITIONS FOR JOINT VENTURES WITH FOREIGN PARTICIPATION IN POLAND

Since 1976, a process of phasewise opening of Poland's economy for foreign investors has been monitored. Until December 1988, 2 Parliament Acts existed regulating both the inflow of foreign real investment as well as the working conditions for foreign firms and joint ventures. The new and uniform Act on Joint Ventures passed at the very end of 1988 proves to be an important step ahead on the path leading to easier access for foreign capital to help the country's underutilized resources, and to liberalization of operating conditions. Offering a favorable climate for foreign investment, Poland's authorities set up a new Foreign Investment Agency to supervise capital inflow from the outside. All possible new joint ventures and foreign firms are to be examined with the UNIDO feasibility methodology.