Poland advances in Index of Economic Freedom

Poland took 39th spot out of 178 in this years Index of Economic Freedom complied by The Heritage Foundation and The Wall Street Journal. Poland scored 69.3 points, 5.2 points more than last year. Hong Kong, Singapore and new Zealand lead the ranking. "Openness to global commerce and trade, competitive taxation, and an efficient regulatory system have encouraged more dynamic and broadly based economic expansion," a release read. Poland's Economic Freedom Status is "moderately free," our country opens the category. Estonia performed the best in the CEE region, ranking eighth, followed by Lithuania (12th), the Czech Republic (21st), Latvia (36th) and Poland (39th), whereas Slovakia (56th), Hungary (58th), Slovenia (90) and Ukraine (162) were lagging behind. What's interesting, Poland scored higher than Belgium (44th) and Greece (138th). Key points about Poland's presence in the index:

• Global Ranking: 39th
• Regional Ranking: 18th in Europe
• Notable Successes: open markets and monetary freedom
• Concerns: management of government spending and labor freedom

Found more info here.