Poland drops in Doing Business 2018 to 27th spot

Poland took the 27th spot in the Doing Business 2018 ranking published by World Bank, which compares business environment in 190 countries. In last year’s ranking Poland received a lower overall score (77.12 versus this year’s 77.30), but was in a higher position (24th). “Comparing the Doing Business ranking to a marathon, we could say that Poland achieved a somewhat better time than a year ago, however other countries ran even faster, and that is why Poland’s position has dropped slightly. Despite that, Poland is still among the global leaders in terms of conditions for doing business,” says Carlos Piñerúa, World Bank’s Country Manager for Poland and Baltic States. Poland is doing well in the areas of trading across borders and access to credit. On the other hand, there is still a room for improvement in the areas of enforcing contracts and paying taxes. Those activities still take more time in Poland than in most other countries of the European Union, World Bank also stated. New Zealand ranked first, followed by Singapore and Denmark.