Poland advances in Doing Business ranking

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Poland scored 76.45 points in the 2016 edition of the Doing Business ranking compiled by the World Bank. This put Poland in 25th position out of 189 countries, thus our country advanced by 7 places on a yearly basis.

“Since 2009, Poland has improved the most among the OECD and EU countries, jumping from 76th to 25th position. We are close to achieving the best world practices.” Marcin Piątkowski, senior economist at the World Bank in Warsaw told WBJ.

Singapore remained the leader of the ranking. Poland performed better than such European economic powers as France (27), Switzerland (26) and the Netherlands (28). In the CEE region, Estonia (16), Lithuania (20) and Latvia (22) ranked higher than Poland.

Improvements in such indicators as dealing with construction permits (the procedure time has been reduced), getting electricity and paying taxes (electronic VAT invoice system). What is interesting, Poland is the world leader in trading across borders due to revised methodology, which takes into account the biggest trade partner (Germany) and the time needed to travel from one capital to the other.

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