EBRD report gives the country high marks, but warns there is still much to do

The European Bank of Reconstruction and Development (EBRD) has published its strategy for Poland. It stressed that the country should focus more on attracting FDI and creating new jobs. According to EBRD economists, Poland made far too small progress in improving its investment climate, while the economy is developing well. At the same time, Poland is losing its competitiveness which is also having a negative effect on attracting investors. The strategy reminds of the necessity to improve the business environment, modernize infrastructure, the need to create transparent tax regulations, as well as to accelerate reforms. The EBRD offered help in attracting SME's investments, upgrading and restructuring local companies, and to participate in the privatization of difficult sectors. (Rzeczpospolita, p. B3) M.M.