Poland has reaffirmed its 41st position this year (among 144 countries surveyed) in The Global Competitiveness Index 20122013, compiled by the World Economic Forum (WEF). The country displays a fairly even performance across all 12 pillars of competitiveness, according to WEF's report. Notable strengths include its large market size (19th) and high educational standards, in particular its high enrollment rates (it is ranked 20th on the quantity of education subpillar). It also noted that Poland's financial sector is well developed (37th), and confidence in the banking sector has been increasing for a number of years to rank 14th this year. However, the organisation stressed that further enhancing competitiveness will require a significant upgrading of transport infrastructure, which trails international standards by a considerable margin (ranked 103rd). Although some progress has been made in this area in the run up to the European Football Championships in 2012, it is not sufficient to create the step change necessary to better connect the different parts of the country, it concluded. |
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more