European Commission praises Poland’s competitiveness and recommends reforms - report
September 26, 2013
Though Poland is still a country behind the most developed EU economies, it has been improving its competitiveness, the European Commission said in an annual report on EU competitiveness released in Brussels on Wednesday.
The competitiveness of Poland's economy is improving but there is still a lot to do, the commission said pointing to the fact that in some areas reforms are too slow.
The economy continues to grow, largely on the back of exports. The industry continues to add more value while technologically advanced production grew at an annual 14.5% between 2005 and 2011.
Work efficiency is still low, but is catching up slowly, the report read.
The commission pointed to Poland’s weaknesses when it comes to innovativeness, good climate for business, quality of road, rail and air transport infrastructure.
Polish firms do not carry out enough research either, the report also said.
However, Warsaw was praised for easy access to credits for SMEs and electricity prices for corporate recipients.
Poland was qualified into a group of countries (along with Bulgaria, Croatia, The Czech Republic, Estonia, Hungary, Latvia, Lithuania, Romania and Slovakia) that are catching up with the most advanced economies in Europe and although facing a lot of challenges still make a good progress.