Poland, the 10th country in the world and the 4th in Europe, where it is most challenging to do business

Poland, mainly due to the government’s ‘Polish Deal’ program, was for the second time in a row ranked 10th in the world and is fourth in Europe among countries with the most complex regulations governing the conduct of business, according to the Global Complexity Index 2022 report prepared by TMF Group, a global company providing business services for companies operating locally and internationally. The world's most difficult country to do business in is Brazil, while in Europe, it is France. The report also identifies three key issues expected to shape the global business landscape and regulatory environment in the coming months.

The authors of the TMF Global Complexity Index 2022 report looked at 77 jurisdictions, which account for 92 percent of global GDP and 95 percent of net FDI. They compared 292 annually monitored indicators on crucial aspects of doing business regarding administrative regulations and ensuring compliance with legal laws, which entrepreneurs plan to conduct in the selected market face.

For the second time in a row, Poland found itself in the group of ten countries where it is most challenging to do business, closing the pile. In Europe, it is more difficult to do business in France, Greece, and Italy than in Poland.

As the authors of the report point out, over the past year, the Polish government has introduced many pieces of legislation passed in a short period, while not always easy to interpret in business reality.  The most extensive package was introduced as part of the "Polish Deal."

(WBJ)