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The Warsaw Voice » Business » September 30, 2011
Business & Economy
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Too Many Obstacles
September 30, 2011   
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Even though Poland has ranked high in international league tables in terms of investment appeal for several years, foreign investors still complain about the difficulties they encounter while doing business in Poland.

FDI Intelligence magazine, a specialist division of the Financial Times, has recently released investment appeal rankings classifying countries in terms of projects in the production sector. In a league table based on quality alone, Poland comes in third, outperformed only by the United States and China and topping the statistics for Europe. For quality and costs taken together, Poland comes in fifth in the world and takes the top spot in Europe.

As FDI Intelligence released its rankings, the French Chamber of Industry and Commerce in Poland (CCIFP) unveiled its White Paper at the Economic Forum in Krynica with a description of the chief obstacles hindering investment in Poland. The publication lists a number of those, most notably unclear regulations, complicated and long-winded administrative procedures, insufficient supervision and legislation failing to live up to market demands.

The French Chamber of Industry and Commerce in Poland published its first White Paper last year, identifying a number of problems that needed to be addressed in areas such as employee share ownership plans, vocational education, real estate, taxes and the transposition of EU law. Those areas presented enterprises with the most serious difficulties hindering their development. According to the chamber’s experts, some of the problems have been solved, but many areas still call for legislative and organizational changes.

According to enterprises, the situation has improved in the tax system and in the real estate sector. For example, the wait for entries in land registers is shorter and the rules for updating perpetual usufruct fees have been made clearer. Nevertheless, the White Paper is as thick as last year, because along with problems identified previously, it lists dozens of new ones, especially when it comes to the transposition of EU law into the Polish legal system and private-public partnership. In Poland, private-public partnership is a relatively new form of carrying out projects and what mainly prevents it from thriving is insufficient experience in carrying out projects of this kind coupled with unclear and overly formalized legal regulations which result in protracted procedures.
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