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.

 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Play Communications' Warsaw IPO price sets value at over PLN4bn

Play Communications, owner of second biggest Polish mobile operator P4, has set the price of its upcoming initial public offering (IPO) at PLN36 (€8.5) per share, putting the value ... more

Poland moves closer to buying Patriot missiles from US

Poland and the US have signed a memorandum that may pave the way to Warsaw buying Patriot surface-to-air missile interception systems from US company Raytheon, the Polish defence ministry said on ... more

Most Read

  1. Siemens considers quitting Russia
    6 days ago
  2. COMMENT: Gazprom’s exit from Turkey is a sign of the times
    7 days ago
  3. Turkey sends frigates, submarine as row mounts over Greek Cypriot oil, gas drilling
    6 days ago
  4. Bellwether Russia hedge fund Prosperity posts 600% surge in profits
    8 days ago
  5. Nato still has a mixed reception in Emerging Europe
    6 days ago
  1. CHINA RISING: When sleeping giants meet
    9 days ago
  2. Belarus’ retail king Euroopt goes on the road
    15 days ago
  3. Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
    28 days ago
  4. STOLYPIN: Russia’s cyber-challenge cuts both ways
    17 days ago
  5. VISEGRAD: The strange death of Social Democratic Czechia
    1 month ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss