News

28.10.2015

Doing Business in Poland

 

Doing Business 2016: Measuring Regulatory Quality and Efficiency, has just been published (October 27, 2015; http://www.doingbusiness.org/reports/global-reports/doing-business-2016). The thirteenth edition of this World Bank Group flagship publication reveals that Poland has climbed three notches up in the ranking and as of June 1, 2015, is number 25 on the list (http://www.doingbusiness.org/data/exploreeconomies/poland).

It is worth noting that not so long ago, namely in 2009, Poland languished in the 76th position, which shows just how booming, healthy and welcoming our economy is. Never before have we been so high up in the ranking.

 

For the sake of clarity, permit me to relay that the Doing Business report in question measures the regulations that enhance business activity and those that constrain it. The report presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies – from Afghanistan to Zimbabwe – and over time.

Its official website highlights that Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.

 

The report shows that doing business in Poland is currently more favorable than in Finland, France, or the Netherlands. Of all the areas covered by the latest edition of Doing Business, Poland excels at trading across borders. There has been a remarkable improvement as regards paying taxes and getting electricity over the last years.

In sum, it should be stressed that the findings of the report add to our claims of competitiveness and sound business environment in Poland.