The 2017 report, which measures a series of indicators across 190 countries concerning ease of doing business, used data for the period between June 2015 and June 2016, Polish Radio reported.
The World Bank’s representative in Poland, Emilia Skrok, said:
“Poland is advancing in the Doing Business rankings thanks to reforms introduced by successive governments.”
Meanwhile, deputy development Minister Mariusz Haładyj said that the result
It is worth mentioning that this year the methodology of calculating the rating was changed. So the advancement can be just treated as ‘digital noise’.
“is a signal for investors across the world that it is worth doing business in our country <...> every step forward, even by one rank, is very welcome.”
The World Bank cited several improvements made by Poland over the last year which contributed to it advancing one place, including easier access to construction permits and new restructuring mechanisms for firms.
Poland performed exceptionally well in the “trading across borders” category, being ranked 1st in the world. However further improvements may still be necessary in the “ease of starting a business” category, in which Poland was ranked 107th in the world.
Poland’s success comes in an increasingly competitive environment as the World Bank noted that a record number of economies around the world adopted reforms to facilitate doing business over the last year.
The World Bank’s Skrok added: “Advancing in the rankings is ever more difficult, as other countries are also intensifying efforts to help entrepreneurs and facilitate the running of businesses.”