World Bank praises Poland as one of the best countries to do business

The document, which was published on Friday, praises Poland for simplifying business registration procedures, tightening insolvency laws and liberalizing the labor code. However, it highlighted the sluggishness of courts as the major hindrance to growth. Today it is manda-tory to go to court first before forcing a loan return, which is not the custom in most developed countries. It also takes 1,000 days to get a judgement and it takes 200 days to register a real estate purchase. The authors of the report ranked Poland in eighth position and implied further improvements will eventually boost the GDP growth from 6% to 8% and reduce unemployment. They also suggested that the three Eastern European countries that registered in the top 10 will trigger faster changes in the old EU countries, which in the long term will contribute to the competitiveness of Europe.(Rzeczpospolita p. 1) M.G.