Poland advances in World Bank's 'Doing Business' ranking
October 30, 2013
Polish PM Donald Tusk
Poland advanced ten notches to 45th place in the World Bank's "Doing Business 2014" ranking of the ease of running a small or medium sized-firm in 189 countries worldwide, the World Bank's regional rep Xavier Devictor said during a joint conference with Prime Minister Donald Tusk for the report's publication.
Poland "reformed itself to the largest extent worldwide last year," Devictor said.
Poland is continuing a "lasting and systematic" advance in the ranking over the past years, PM Tusk said.
"I am particularly pleased that in the past three years we are advancing even though year by year the advances are more and more difficult," the PM said, adding that Poland is "at or about the EU average" in terms of being business-friendly.
In the 2014 ranking, led by Singapore, Poland ranked behind highly developed countries, but ahead of its CEE-4 peers and several EU countries.
Poland's latest achievements for World Bank praise include easing the process of registering a new firm and facilitating the process for obtaining a construction permits, authors said.
But Poland still lags on those two key measures, ranked no.88 worldwide for construction permits and no.116 for new firm registration, where authors point to long procedures and relatively high costs.
Poland additionally takes weak marks for obtaining a new electricity connection (no.137), also burdened by procedures and costs. Poor grades also in the "Paying Taxes" category.
Of 11 index categories, Poland ranks highest in 'Getting Credit' (no.3 worldwide). The world Bank gives high marks for Poland's system of access to credit information and notes that collateral and bankruptcy laws are designed to facilitate credit, the report showed.