Poland advanced by 3 spots to the 45th place among 189 countries covered by the World Bank's Doing Business 2014 report. Its CEE neighbours were ranked as follows: Slovakia - 49th, Hungary - 54th, the Czech Republic - 75.
The World Bank pointed to two reforms carried out recently in Poland. It noted that the country made starting a business easier by eliminating the requirement to register the new company at the National Labor Inspectorate and the National Sanitary Inspectorate. Poland also made dealing with construction permits easier by eliminating the requirement to obtain a description of the geotechnical documentation of the land.
Still, in terms of the ease of starting a business Poland is ranked 116th, in terms of dealing with construction permits - 88th, getting electricity - 137th, registering property - 54th, getting credit - 3rd, protecting investors - 52nd, paying taxes - 113th, trading across borders - 49th, enforcing contracts - 55th and resolving insolvency - 37th.
The World Bank also stressed that the economic integration in the European Union over the past decade has been an effective mechanism in promoting convergence. Indeed, Poland is now classified as a high-income economy, a remarkable achievement over 2 decades, the institution concludes.
Related Articles
Ukraine’s NovaPay launches European app for financial services with Polish partner
Ukrainian financial services group NovaPay has launched a European version of its mobile application, aimed at Ukrainians and EU residents, in partnership with Polish payment institution Quicko, ... more
Russian drones targeted Rzeszów airport hub, media claim
Russian drones, which breached Polish airspace in the early hours of September 10, might have been targeting the airport in Rzeszów, which is vital for the West’s military supplies to Ukraine, ... more
Non-performing loans hit historic low in CESEE, but early warning signs emerge, says EBRD
Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
23 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago