Poland advances by 3 spots to 45th rank in World Bank's Doing Business report

By bne IntelliNews October 30, 2013

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

Poland reportedly defies EU court injunction on logging in Unesco-listed forest

Poland will not comply with the Court of Justice of the European Union’s injunction on logging in the ancient Bialowieza Forest, a newswire report claimed on August 4. Warsaw’s stance in ... more

Polish regulator gives RBI new IPO deadline

Polish financial market regulator KNF on August 2 gave Raiffeisen Bank International (RBI) a new deadline of May 15, 2018 to float 15% of its Polish unit. Under the terms of its purchase of the ... more

Central Europe’s factories remain busy despite a summer lull in PMIs

Manufacturers in Central Europe reported a step back in activity and confidence in July, purchasing managers’ indices (PMI) released by IHS Markit on August 1 showed. While, the indicators still ... more

Dismiss