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69-548: The National Development Bank ( Polish : Bank Gospodarstwa Krajowego , BGK) is a Polish national development bank with headquarters in Warsaw , is a state-owned bank in Poland, operating under a dedicated bill of law. Its main tasks are: support and servicing of export transactions, issuing governmental guarantees, and support of housing. Founded in 1924 under an initiative of Minister of Treasury Władysław Grabski , its first president

138-499: A / (spelled a ), / ɔ / (spelled o ) and / u / (spelled u and ó as separate letters). The nasal vowels are / ɛ w̃ / (spelled ę ) and / ɔ w̃ / (spelled ą ). Unlike Czech or Slovak, Polish does not retain phonemic vowel length — the letter ó , which formerly represented lengthened /ɔː/ in older forms of the language, is now vestigial and instead corresponds to /u/. The Polish consonant system shows more complexity: its characteristic features include

207-710: A dialect of Polish. Many Silesians consider themselves a separate ethnicity and have been advocating for the recognition of Silesian as a regional language in Poland . The law recognizing it as such was passed by the Sejm and Senate in April 2024, but has been vetoed by President Andrzej Duda in late May of 2024. According to the last official census in Poland in 2011, over half a million people declared Silesian as their native language. Many sociolinguists (e.g. Tomasz Kamusella , Agnieszka Pianka, Alfred F. Majewicz, Tomasz Wicherkiewicz ) assume that extralinguistic criteria decide whether

276-656: A few culturally and linguistically related tribes from the basins of the Vistula and Oder before eventually accepting baptism in 966. With Western Christianity , Poland also adopted the Latin alphabet , which made it possible to write down Polish, which until then had existed only as a spoken language . The closest relatives of Polish are the Elbe and Baltic Sea Lechitic dialects ( Polabian and Pomeranian varieties). All of them, except Kashubian , are extinct. The precursor to modern Polish

345-511: A large number of branches in all of these areas) offers services available in Polish at all of their cash machines in addition to English and Spanish . According to the 2011 census there are now over 500,000 people in England and Wales who consider Polish to be their "main" language. In Canada , there is a significant Polish Canadian population : There are 242,885 speakers of Polish according to

414-533: A lect is an independent language or a dialect: speakers of the speech variety or/and political decisions, and this is dynamic (i.e. it changes over time). Also, research organizations such as SIL International and resources for the academic field of linguistics such as Ethnologue , Linguist List and others, for example the Ministry of Administration and Digitization recognized the Silesian language. In July 2007,

483-454: A nasal consonant, rather than a nasal vowel. For example, ą in dąb ("oak") is pronounced [ɔm] , and ę in tęcza ("rainbow") is pronounced [ɛn] (the nasal assimilates to the following consonant). When followed by l or ł (for example przyjęli , przyjęły ), ę is pronounced as just e . When ę is at the end of the word it is often pronounced as just [ɛ] . Depending on

552-632: A number of governmental programmes. Its mission is to support social and economic growth of Poland and the public finance sector in the performance of its tasks. The twelve members of the Three Seas Initiative met for their first summit in 2016, in Dubrovnik . It is composed of Austria , Bulgaria , Croatia , Czech Republic , Estonia , Hungary , Latvia , Lithuania , Poland , Romania , Slovakia , and Slovenia . In 2019, Bank Gospodarstwa Krajowego and Export–Import Bank of Romania established

621-576: A number of other plants. Starting from 1936, BGK was included in realization of state investment plan of creating the Central Industrial Region . The Bank also administered the government's special purpose funds, including the Credit Institution Support Fund, State Construction Fund, State Credit Fund and Labour Fund. At the turn of the 1920s and 1930s, BGK became one of the biggest banks of inter-war Poland and served as

690-402: A reversed diacritic hook called an ogonek . Polish is a synthetic and fusional language which has seven grammatical cases . It has fixed penultimate stress and an abundance of palatal consonants . Contemporary Polish developed in the 1700s as the successor to the medieval Old Polish (10th–16th centuries) and Middle Polish (16th–18th centuries). Among the major languages, it

759-491: A single word. This applies in particular to many combinations of preposition plus a personal pronoun, such as do niej ('to her'), na nas ('on us'), prze ze mnie ('because of me'), all stressed on the bolded syllable. The Polish alphabet derives from the Latin script but includes certain additional letters formed using diacritics . The Polish alphabet was one of three major forms of Latin-based orthography developed for Western and some South Slavic languages,

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828-405: A verse by Jan Brzechwa ) is W Szczebrzeszynie chrząszcz brzmi w trzcinie [fʂt͡ʂɛbʐɛˈʂɨɲɛ ˈxʂɔw̃ʂt͡ʂ ˈbʐmi fˈtʂt͡ɕiɲɛ] ('In Szczebrzeszyn a beetle buzzes in the reed'). Unlike languages such as Czech, Polish does not have syllabic consonants – the nucleus of a syllable is always a vowel. The consonant /j/ is restricted to positions adjacent to a vowel. It also cannot precede

897-478: A vowel when it precedes another vowel (it represents /j/ , palatalization of the preceding consonant, or both depending on analysis). Also the letters u and i sometimes represent only semivowels when they follow another vowel, as in autor /ˈawtɔr/ ('author'), mostly in loanwords (so not in native nauka /naˈu.ka/ 'science, the act of learning', for example, nor in nativized Mateusz /maˈte.uʂ/ 'Matthew'). Some loanwords , particularly from

966-684: Is a West Slavic language of the Lechitic group within the Indo-European language family written in the Latin script . It is primarily spoken in Poland and serves as the official language of the country, as well as the language of the Polish diaspora around the world. In 2024, there were over 39.7 million Polish native speakers. It ranks as the sixth most-spoken among languages of the European Union . Polish

1035-419: Is also spoken as a second language in eastern Germany , northern Czech Republic and Slovakia , western parts of Belarus and Ukraine as well as in southeast Lithuania and Latvia . Because of the emigration from Poland during different time periods, most notably after World War II , millions of Polish speakers can also be found in countries such as Canada , Argentina , Brazil , Israel , Australia ,

1104-427: Is most closely related to Slovak and Czech but differs in terms of pronunciation and general grammar. Additionally, Polish was profoundly influenced by Latin and other Romance languages like Italian and French as well as Germanic languages (most notably German ), which contributed to a large number of loanwords and similar grammatical structures. Extensive usage of nonstandard dialects has also shaped

1173-447: Is possible to say ko goście zoba czy li? – here kogo retains its usual stress (first syllable) in spite of the attachment of the clitic. Reanalysis of the endings as inflections when attached to verbs causes the different colloquial stress patterns. These stress patterns are considered part of a "usable" norm of standard Polish - in contrast to the "model" ("high") norm. Some common word combinations are stressed as if they were

1242-595: Is subdivided into regional dialects and maintains strict T–V distinction pronouns, honorifics , and various forms of formalities when addressing individuals. The traditional 32-letter Polish alphabet has nine additions ( ą , ć , ę , ł , ń , ó , ś , ź , ż ) to the letters of the basic 26-letter Latin alphabet , while removing three (x, q, v). Those three letters are at times included in an extended 35-letter alphabet. The traditional set comprises 23 consonants and 9 written vowels , including two nasal vowels ( ę , ą ) defined by

1311-512: Is the Old Polish language . Ultimately, Polish descends from the unattested Proto-Slavic language. The Book of Henryków (Polish: Księga henrykowska , Latin : Liber fundationis claustri Sanctae Mariae Virginis in Heinrichau ), contains the earliest known sentence written in the Polish language: Day, ut ia pobrusa, a ti poziwai (in modern orthography: Daj, uć ja pobrusza, a ti pocziwaj ;

1380-518: Is the most widely-used minority language in Lithuania's Vilnius County , by 26% of the population, according to the 2001 census results, as Vilnius was part of Poland from 1922 until 1939. Polish is found elsewhere in southeastern Lithuania. In Ukraine, it is most common in the western parts of Lviv and Volyn Oblasts , while in West Belarus it is used by the significant Polish minority, especially in

1449-430: The kropka (superior dot) over the letter ż , and the ogonek ("little tail") under the letters ą, ę . The letters q, v, x are used only in foreign words and names. Polish orthography is largely phonemic —there is a consistent correspondence between letters (or digraphs and trigraphs ) and phonemes (for exceptions see below). The letters of the alphabet and their normal phonemic values are listed in

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1518-401: The ś in święty ("holy") all represent the sound / ɕ / . The exceptions to the above rule are certain loanwords from Latin, Italian, French, Russian or English—where s before i is pronounced as s , e.g. sinus , sinologia , do re mi fa sol la si do , Saint-Simon i saint-simoniści , Sierioża , Siergiej , Singapur , singiel . In other loanwords

1587-579: The Brest and Grodno regions and in areas along the Lithuanian border. There are significant numbers of Polish speakers among Polish emigrants and their descendants in many other countries. In the United States , Polish Americans number more than 11 million but most of them cannot speak Polish fluently. According to the 2000 United States Census , 667,414 Americans of age five years and over reported Polish as

1656-647: The Polish–Lithuanian Commonwealth 's influence gave Polish the status of lingua franca in Central and Eastern Europe . The process of standardization began in the 14th century and solidified in the 16th century during the Middle Polish era. Standard Polish was based on various dialectal features, with the Greater Poland dialect group serving as the base. After World War II , Standard Polish became

1725-511: The United Kingdom and the United States . Polish began to emerge as a distinct language around the 10th century, the process largely triggered by the establishment and development of the Polish state. At the time, it was a collection of dialect groups with some mutual features, but much regional variation was present. Mieszko I , ruler of the Polans tribe from the Greater Poland region, united

1794-474: The classical languages , have the stress on the antepenultimate (third-from-last) syllable. For example, fizyka ( /ˈfizɨka/ ) ('physics') is stressed on the first syllable. This may lead to a rare phenomenon of minimal pairs differing only in stress placement, for example muzyka /ˈmuzɨka/ 'music' vs. muzyka /muˈzɨka/ – genitive singular of muzyk 'musician'. When additional syllables are added to such words through inflection or suffixation ,

1863-569: The flight and expulsion of Germans (1944–50) , as well as the expulsion of Ukrainians and Operation Vistula , the 1947 migration of Ukrainian minorities in the Recovered Territories in the west of the country, contributed to the country's linguistic homogeneity. The inhabitants of different regions of Poland still speak Polish somewhat differently, although the differences between modern-day vernacular varieties and standard Polish ( język ogólnopolski ) appear relatively slight. Most of

1932-404: The standard language ; considerable colloquialisms and expressions were directly borrowed from German or Yiddish and subsequently adopted into the vernacular of Polish which is in everyday use. Historically, Polish was a lingua franca , important both diplomatically and academically in Central and part of Eastern Europe . In addition to being the official language of Poland, Polish

2001-416: The 16th century, which is also regarded as the " Golden Age of Polish literature". The orthography was modified in the 19th century and in 1936. Tomasz Kamusella notes that "Polish is the oldest, non-ecclesiastical, written Slavic language with a continuous tradition of literacy and official use, which has lasted unbroken from the 16th century to this day." Polish evolved into the main sociolect of

2070-481: The 2006 census, with a particular concentration in Toronto (91,810 speakers) and Montreal . The geographical distribution of the Polish language was greatly affected by the territorial changes of Poland immediately after World War II and Polish population transfers (1944–46) . Poles settled in the " Recovered Territories " in the west and north, which had previously been mostly German -speaking. Some Poles remained in

2139-578: The Henryków monastery, noted that "Hoc est in polonico" ("This is in Polish"). The earliest treatise on Polish orthography was written by Jakub Parkosz  [ pl ] around 1470. The first printed book in Polish appeared in either 1508 or 1513, while the oldest Polish newspaper was established in 1661. Starting in the 1520s, large numbers of books in the Polish language were published, contributing to increased homogeneity of grammar and orthography. The writing system achieved its overall form in

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2208-671: The Silesian language was recognized by ISO , and was attributed an ISO code of szl. Some additional characteristic but less widespread regional dialects include: Polish linguistics has been characterized by a strong strive towards promoting prescriptive ideas of language intervention and usage uniformity, along with normatively-oriented notions of language "correctness" (unusual by Western standards). Polish has six oral vowels (seven oral vowels in written form), which are all monophthongs , and two nasal vowels . The oral vowels are / i / (spelled i ), / ɨ / (spelled y and also transcribed as /ɘ/ or /ɪ/), / ɛ / (spelled e ), /

2277-583: The State Treasury. Bank Gospodarstwa Krajowego, in accordance with its statutory tasks, from the beginning of its existence financially supported the development of Polish economy . BGK was financially involved in all major investments of the Second Polish Republic. Among them is e.g. the seaport and shipyard in Gdynia . One of the forms of BGK's activity in this field were activities undertaken by BGK at

2346-747: The Three Seas Initiative Investment Fund. It is focusing on projects creating transport, energy and digital infrastructure in the Three Seas region. The aim is to raise up to EUR 3-5 billion. The Fund will engage, on a commercial basis, in infrastructure projects with a total value of up to EUR 100 billion, while the needs of the Three Seas region have been estimated at over EUR 570 billion. Polish language Polish ( endonym : język polski , [ˈjɛ̃zɘk ˈpɔlskʲi] , polszczyzna [pɔlˈʂt͡ʂɘzna] or simply polski , [ˈpɔlskʲi] )

2415-485: The cases mentioned above, the letter i if followed by another vowel in the same word usually represents / j / , yet a palatalization of the previous consonant is always assumed. The reverse case, where the consonant remains unpalatalized but is followed by a palatalized consonant, is written by using j instead of i : for example, zjeść , "to eat up". The letters ą and ę , when followed by plosives and affricates, represent an oral vowel followed by

2484-687: The corresponding sentence in modern Polish: Daj, niech ja pomielę, a ty odpoczywaj or Pozwól, że ja będę mełł, a ty odpocznij ; and in English: Come, let me grind, and you take a rest ), written around 1280. The book is exhibited in the Archdiocesal Museum in Wrocław, and as of 2015 has been added to UNESCO 's " Memory of the World " list. The medieval recorder of this phrase, the Cistercian monk Peter of

2553-479: The disappearance of yers . Polish can have word-initial and word-medial clusters of up to four consonants, whereas word-final clusters can have up to five consonants. Examples of such clusters can be found in words such as bezwzględny [bɛzˈvzɡlɛndnɨ] ('absolute' or 'heartless', 'ruthless'), źdźbło [ˈʑd͡ʑbwɔ] ('blade of grass'), wstrząs [ˈfstʂɔw̃s] ('shock'), and krnąbrność [ˈkrnɔmbrnɔɕt͡ɕ] ('disobedience'). A popular Polish tongue-twister (from

2622-430: The distinction between regular penultimate and exceptional antepenultimate stress. Another class of exceptions is verbs with the conditional endings -by, -bym, -byśmy , etc. These endings are not counted in determining the position of the stress; for example, zro biłbym ('I would do') is stressed on the first syllable, and zro bi libyśmy ('we would do') on the second. According to prescriptive authorities ,

2691-520: The eastern parts of the former Polish–Lithuanian Commonwealth wrote Polish in the Arabic alphabet. The Cyrillic script is used to a certain extent today by Polish speakers in Western Belarus , especially for religious texts. The diacritics used in the Polish alphabet are the kreska (graphically similar to the acute accent ) over the letters ć, ń, ó, ś, ź and through the letter in ł ;

2760-517: The economy. It is an important link in the provision of funding and support for areas that are important for the society, such as housing infrastructure, energy efficiency and public utilities. It supports Polish exporters by taking on part of the risk related to trading activities of Polish companies. In collaboration with other financial institutions, BGK improves access to funding for businesses, which translates into lower unemployment and stronger GDP growth. BGK manages several special purpose funds and

2829-420: The end of words (where devoicing occurs) and in certain consonant clusters (where assimilation occurs). For details, see Voicing and devoicing in the article on Polish phonology. Most Polish words are paroxytones (that is, the stress falls on the second-to-last syllable of a polysyllabic word), although there are exceptions. Polish permits complex consonant clusters, which historically often arose from

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2898-469: The entire country. Polish has traditionally been described as consisting of three to five main regional dialects: Silesian and Kashubian , spoken in Upper Silesia and Pomerania respectively, are thought of as either Polish dialects or distinct languages , depending on the criteria used. Kashubian contains a number of features not found elsewhere in Poland, e.g. nine distinct oral vowels (vs.

2967-462: The following table. The following digraphs and trigraphs are used: Voiced consonant letters frequently come to represent voiceless sounds (as shown in the tables); this occurs at the end of words and in certain clusters, due to the neutralization mentioned in the Phonology section above. Occasionally also voiceless consonant letters can represent voiced sounds in clusters. The spelling rule for

3036-585: The government tasks the Bank with the operation of a number of special purpose funds and programmes (including the National Road Fund, National Housing Fund, Thermomodernisation and Renovation Fund and the Railway Fund). BGK participates in the implementation of the state's economic objectives. During the economic slowdown, it provides funding for infrastructure investments and thus supports growth of this sector of

3105-538: The language spoken at home, which is about 1.4% of people who speak languages other than English , 0.25% of the US population, and 6% of the Polish-American population. The largest concentrations of Polish speakers reported in the census (over 50%) were found in three states: Illinois (185,749), New York (111,740), and New Jersey (74,663). Enough people in these areas speak Polish that PNC Financial Services (which has

3174-439: The letter y . The predominant stress pattern in Polish is penultimate stress – in a word of more than one syllable, the next-to-last syllable is stressed. Alternating preceding syllables carry secondary stress, e.g. in a four-syllable word, where the primary stress is on the third syllable, there will be secondary stress on the first. Each vowel represents one syllable, although the letter i normally does not represent

3243-431: The middle aged and young speak vernaculars close to standard Polish, while the traditional dialects are preserved among older people in rural areas. First-language speakers of Polish have no trouble understanding each other, and non-native speakers may have difficulty recognizing the regional and social differences. The modern standard dialect , often termed as "correct Polish", is spoken or at least understood throughout

3312-460: The most widely spoken variant of Polish across the country, and most dialects stopped being the form of Polish spoken in villages. Poland is one of the most linguistically homogeneous European countries; nearly 97% of Poland's citizens declare Polish as their first language . Elsewhere, Poles constitute large minorities in areas which were once administered or occupied by Poland, notably in neighboring Lithuania , Belarus , and Ukraine . Polish

3381-506: The name Tarzan . Jerusalem Avenue The name of the street comes from a small village erected in 1774 by prince and marshal August Sułkowski for the Jewish settlers in Mazovia . The name of the village was Nowa Jerozolima ( New Jerusalem ), and the road to Warsaw was named Aleja Jerozolimska (singular, as opposed to the modern Polish name, which is plural). Although the village

3450-631: The nobles in Poland–Lithuania in the 15th century. The history of Polish as a language of state governance begins in the 16th century in the Kingdom of Poland . Over the later centuries, Polish served as the official language in the Grand Duchy of Lithuania , Congress Poland , the Kingdom of Galicia and Lodomeria , and as the administrative language in the Russian Empire 's Western Krai . The growth of

3519-659: The others being Czech orthography and Croatian orthography , the last of these being a 19th-century invention trying to make a compromise between the first two. Kashubian uses a Polish-based system, Slovak uses a Czech-based system, and Slovene follows the Croatian one; the Sorbian languages blend the Polish and the Czech ones. Historically, Poland's once diverse and multi-ethnic population utilized many forms of scripture to write Polish. For instance, Lipka Tatars and Muslims inhabiting

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3588-401: The palatal sounds / ɕ / , / ʑ / , / tɕ / , / dʑ / and / ɲ / is as follows: before the vowel i the plain letters s, z, c, dz, n are used; before other vowels the combinations si, zi, ci, dzi, ni are used; when not followed by a vowel the diacritic forms ś, ź, ć, dź, ń are used. For example, the s in siwy ("grey-haired"), the si in siarka ("sulfur") and

3657-511: The previously Polish-ruled territories in the east that were annexed by the USSR , resulting in the present-day Polish-speaking communities in Lithuania, Belarus, and Ukraine, although many Poles were expelled from those areas to areas within Poland's new borders. To the east of Poland, the most significant Polish minority lives in a long strip along either side of the Lithuania - Belarus border. Meanwhile,

3726-457: The primary participant in the economic restructuring process. Between 1928 and 1931, a BGK building designed by Rudolf Swierczynski was constructed in Warsaw's Aleje Jerozolimskie street. After World War II, BGK was reactivated with economist Professor Edward Lipski at its helm. In 1948, as a result of a banking reform, BGK was supposed to be an investment bank . Its role during 1948-1989 period

3795-546: The request of the government, aimed at financial protection and modernization of strategic enterprises of the economic and military interests of the state. This became the basis for the creation of the so-called BGK conglomerate, which included enterprises of great importance for the national economy and defense of the country: the Association of Starachowice Mining and Smelting Plants, Grodzisk Chemical Plant, Boruta Chemical Industry, The Association of Potassium Salt Mining and

3864-540: The same applies to the first and second person plural past tense endings -śmy, -ście , although this rule is often ignored in colloquial speech (so zro bi liśmy 'we did' should be prescriptively stressed on the second syllable, although in practice it is commonly stressed on the third as zrobi li śmy ). These irregular stress patterns are explained by the fact that these endings are detachable clitics rather than true verbal inflections: for example, instead of ko go zoba czy liście? ('whom did you see?') it

3933-410: The series of affricate and palatal consonants that resulted from four Proto-Slavic palatalizations and two further palatalizations that took place in Polish. The full set of consonants, together with their most common spellings, can be presented as follows (although other phonological analyses exist): Neutralization occurs between voiced – voiceless consonant pairs in certain environments, at

4002-500: The six of standard Polish) and (in the northern dialects) phonemic word stress, an archaic feature preserved from Common Slavic times and not found anywhere else among the West Slavic languages . However, it was described by some linguists as lacking most of the linguistic and social determinants of language-hood. Many linguistic sources categorize Silesian as a regional language separate from Polish, while some consider Silesian to be

4071-517: The street was extended westwards, and the borough of Wola was eventually incorporated into the city. Most of the houses along the avenue, including priceless examples of Art Nouveau and modernist architecture, were destroyed during the systematic destruction of the city by Nazi German forces in the aftermath of the Warsaw Uprising . After World War II , the Stalinist regime demolished what

4140-401: The street, at the junction with Krucza and Bracka streets, Warsaw's original main post-war department store, CDT 'Smyk' is located. 52°13′48″N 21°00′42″E  /  52.23000°N 21.01167°E  / 52.23000; 21.01167 This Warsaw -related location article is a stub . You can help Misplaced Pages by expanding it . This Polish road or road transport-related article

4209-494: The stress normally becomes regular. For example, uniwersytet ( /uɲiˈvɛrsɨtɛt/ , 'university') has irregular stress on the third (or antepenultimate) syllable, but the genitive uniwersytetu ( /uɲivɛrsɨˈtɛtu/ ) and derived adjective uniwersytecki ( /uɲivɛrsɨˈtɛt͡skʲi/ ) have regular stress on the penultimate syllables. Loanwords generally become nativized to have penultimate stress. In psycholinguistic experiments, speakers of Polish have been demonstrated to be sensitive to

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4278-563: The vowel i is changed to y , e.g. Syria , Sybir , synchronizacja , Syrakuzy . The following table shows the correspondence between the sounds and spelling: Digraphs and trigraphs are used: Similar principles apply to / kʲ / , / ɡʲ / , / xʲ / and /lʲ/ , except that these can only occur before vowels, so the spellings are k, g, (c)h, l before i , and ki, gi, (c)hi, li otherwise. Most Polish speakers, however, do not consider palatalization of k, g, (c)h or l as creating new sounds. Except in

4347-443: The word, the phoneme / x / can be spelt h or ch , the phoneme / ʐ / can be spelt ż or rz , and / u / can be spelt u or ó . In several cases it determines the meaning, for example: może ("maybe") and morze ("sea"). In occasional words, letters that normally form a digraph are pronounced separately. For example, rz represents /rz/ , not / ʐ / , in words like zamarzać ("freeze") and in

4416-456: Was a former Minister of Treasury, Jan Kanty Steczkowski . The bank was involved in Polish international trade, funding of numerous companies and of Polish Central Industrial Region . After the World War II its activity was gradually phased-out, until it was reactivated in 1989. The bank's monumental modernistic headquarters was designed by Rudolf Świerczyński . Constructed in 1928–1931, it

4485-545: Was a result of Grabski's economic concepts. Despite being opposed to statism in industry and trade, Grabski was at the same time a supporter of strong state banking. The Bank's main tasks included granting long-term loans through issuance of covered, municipal, railway and bank bonds and offering local government loans as well as providing loans to savings institutions and performing all other banking tasks. The Bank had special obligations towards state-owned and local government companies. Securities issued by BGK were guaranteed by

4554-499: Was abandoned shortly after its foundation, and most of the Jews eventually moved to the city itself, the name stuck and has been used ever since. It was there that the first railway station in Warsaw was built. In the late 19th century, the easternmost part of it became one of the most representative—and the most expensive—areas of the ever-growing city. In the early 20th century, and especially after Poland regained its independence in 1918,

4623-657: Was left of the buildings, and since then the northern side of the street is currently dominated by the gigantic Palace of Culture and Science and the Warszawa Centralna railway station . The only surviving blocks of pre-war architecture are located to the south of the street, including the historic Hotel Polonia Palace and the Hoserów townhouse apartment building at 51 Jerusalem which host the Warsaw Fotoplastikon vintage stereoscopic theatre in its courtyard. Halfway down

4692-592: Was mainly limited to pre-war foreign debt service. In 1989, BGK resumed it operation as a state-owned bank and as such acted primarily as issue agent for Treasury bonds, offered for the first time in several decades. The Bank's activities focused on the preparation of sub-agent deals for the sale and redemption of bonds, development of accounting and reporting rules and organizing a nationwide sales network. In December 1997, BGK returned to its pre-war headquarters in Aleje Jerozolimskie in Warsaw. In modern Poland,

4761-776: Was recognized as a monument in 1965. The history of BGK dates back to 1924 when the President of the Republic of Poland , at the initiative of then Prime Minister and Treasury Minister Wladyslaw Grabski , issued a decree establishing BGK. It was created by a merger of three public banks from the Galicia region, the Bank Krajowy , the State Reconstruction Bank and the Credit Institution of Malopolska Cities. The creation of BGK

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