Poland has advanced from last year’s 25th place to 24th in the World Bank’s “Doing Business” ranking, according to an annual report published on Tuesday. The Ministry of Development commented that this is a sign that the Polish economy is heading in the right direction.
This advance in the ranking was possible due to the introduction of a new restructuring law and amendment of the construction law, the World Bank stated in its report. The Doing Business 2017 report covers the period from June 2015 to June 2016.
“Poland has consistently climbed up the Doing Business ranking thanks to reforms carried out by various governments. However, it is becoming increasingly difficult to progress in the ranking because other countries are also intensively looking for entrepreneurs and helping them to run businesses,” said Emilia Skrok, World Bank representative in Poland.
The report points to a number of areas in which Poland could improve its performance. Among them are payment of taxes, investigation of claims, and setting up of companies.