Poland's high-income economy is considered to be one of the healthiest of the post-Communist countries and is currently one of the fastest growing within the EU. Having a strong domestic market, low private debt, flexible currency, and not being dependent on a single export sector, Poland is the only European economy to have avoided the late-2000s recession. Since the fall of the communist government, Poland has steadfastly pursued a policy of liberalising the economy and today stands out as a successful example of the transition from a centrally planned economy to a primarily market-based economy. In 2009 Poland had the highest GDP growth in the EU. As of February 2012, the Polish economy has not entered a recession in the wake of the global financial crisis.
The privatization of small and medium state-owned companies and a liberal law on establishing new firms have allowed the development of an aggressive private sector. As a consequence, consumer rights organizations have also appeared. Restructuring and privatisation of "sensitive sectors" such as coal, steel, rail transport and energy has been continuing since 1990. Between 2007 and 2010, the government plans to float twenty public companies on the Warsaw Stock Exchange, including parts of the coal industry. The biggest privatisations have been the sale of the national telecoms firm Telekomunikacja Polska to France Télécom in 2000, and an issue of 30% of the shares in Poland's largest bank, PKO Bank Polski, on the Polish stockmarket in 2004.
The Polish banking sector is the largest in central and eastern Europe as well being as the largest and the most highly developed sector of the country’s financial markets. It is regulated by the Polish Financial Supervision Authority. During the transformation to a market-oriented economy, the government privatized some banks, recapitalized the rest and introduced legal reforms that made the sector competitive. This has attracted a significant number of
