When Poland first joined the European Union ten years ago, it embarked upon a path of reform to help improve the country’s business climate, stimulate economic growth, and converge with the EU.
Over the next decade, policymakers in the country worked with the World Bank Group and other partners to implement policies, reforms, and initiatives capable of achieving these goals.
The latest Doing Business report, launched by the World Bank Group on October 29th, ranks Poland among the top performers for doing business in the Europe and Central Asia region, and highlights some of the successes of many of these ongoing reforms. The report, titled Doing Business 2015: Going Beyond Efficiency, ranks 189 economies on the ease of doing business, from company start-up, property registration, paying taxes, to dealing with insolvency.
The report finds that Poland has continued to make it easier for local entrepreneurs to do business in the country, and now ranks 32nd worldwide in terms of ease of doing business. This ranking is also the highest among new European Union member states (NMS) in Central Europe.
“This year’s Doing Business ranking reflects the ongoing reform efforts Poland has undertaken to substantially enhance the quality of the business climate and accelerate post-crisis economic growth,” says Marina Wes, World Bank Country Manager for Poland and the Baltic Countries.
“Poland has been one of the leaders in the area of undertaking regulatory reforms – with its global standing at 32nd place today. This has likely contributed to the country’s strong economic performance over the past years.”