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Poland drops slightly in World Bank Doing Business ranking


Poland has slipped three places to 62nd in the world in terms of the ease of doing business, according to Doing Business 2012, the latest edition of the annual World Bank report. The slippage reflects relatively slower pace of reform of business regulations in Poland compared with other countries during the past year, rather than any absolute deterioration.

The study mentions two reforms implemented in Poland between June 2010 and May 2011 that positively affected the ease of doing business in the country: the implementation of electronic preparation and submission of customs documents, which made trading across borders faster; and an amendment of the bankruptcy and reorganisation law that simplified court procedures and extended more rights to secured creditors. No changes were instituted in the eight other areas of doing business covered by the report.

As in the previous edition, there are three indicators on which Poland scores particularly poorly, coming in (well) below 100th place in the world: dealing with construction permits (160th, up from 164th), paying taxes (128th, down from 121st) and starting a business (126th, down from 113th). On the other hand, the country ranks eighth in the world on the ease of getting credit (up from 15th last year). Other relative strengths include protection of investors (46th, down from 44th), ease of trading across borders (also 46th, up from 49th).

The report covers 183 countries. Singapore retained the top spot as the most business-friendly country, followed by Hong Kong, New Zealand, the United States and Denmark. The five bottom places are occupied by (in ascending order) Chad, Central African Republic, the Republic of Congo, Eritrea and Guinea.

The highest-raking CEE country is Latvia in 21st (up from 31st). Slovakia dropped five notches to 48th, Hungary also fell five places to 51st, while the Czech Republic moved up six places to 64th.

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