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Poland the global top improver in World Bank’s Doing Business table


2012-10-23



Poland has moved up seven places to 55th in the world in terms of the ease of doing business, registering a bigger improvement than any other country worldwide, according to Doing Business 2013, the latest edition of the annual World Bank report. Poland has now improved its standing by 12.3 points since 2005, more than any other country in the OECD region.

The latest study, which covers 185 economies, notes that four institutional or regulatory reforms have been implemented in Poland over the past year that enhanced the ease of doing business in the country. It is now easier than before for businesses to register property, pay taxes, enforce contracts, and resolve insolvency, as measured by the Bank, thanks to the adoption of a new civil procedure code coupled with an increase in the number of judges and bailiffs at commercial courts, which reduced the time required to enforce a commercial contract; an update of the documentation requirements for bankruptcy filings; a series of initiatives that increased efficiency in processing land and mortgage registration applications; and the promotion of electronic facilities to make the tax compliance process more convenient.

Poland ranks fourth in the world in terms of the ease of getting credit, the same as last year, and has moved up to 37thfrom 91st in terms of the ease of resolving insolvency, to 56th from 84th for enforcing contracts, and to 62ndfrom 87th for registering property. Its standing on the topics of protecting investors and trading across borders remained broadly unchanged and relatively high (49th and 50th respectively).

On the other hand, dealing with construction permits, paying taxes and starting a business remain the country’s weak points, and so is getting electricity. Its standing on all four topics is well below 100.

Singapore retained the top spot as the most business-friendly country for the seventh year running, followed by Hong Kong, New Zealand, the United States and Denmark.

The highest-raking CEE country is Estonia in 21st, followed by Latvia (25th), Lithuania (27th), Slovakia (46th) Hungary (54th), and the Czech Republic (65th).



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