Financial Times sharply criticizes Law and Justice's policy

The UK daily Financial Times informs on foreign investor's concerns because of the Polish government - Law and Justice's (PiS) policy. Although foreign investors are not directly interested in politics, they carefully pay attention to how it affects the economy and investment attractiveness of Poland.

"Since coming to power in October, Poland’s new ruling party has startled investors and shocked political analysts who had become used to stability in the EU’s sixth-largest economy. Ultra-conservative, populist, broadly Eurosceptic and nationalist, the Law and Justice party has wasted little time in using the first parliamentary majority in Polish democratic history to push through a range of political, economic and social reforms. Overseas investors have been left to worry and work out what this means for them," the newspaper argues.

According to it, one-notch downgrade by Standard & Poor's in January to BBB+ and moves by the government to raise taxes on the banking and retail industries influenced foreign investors the most.