The CEE's largest economy is now the 20th-best place in the world in which to do business, according to a recent Bloomberg survey which ranked 161 economies. The result means Poland has moved up two places compared to last year's ranking.
Analysts ranked countries on criteria that included the cost of starting a business, the cost of labor and materials and the cost of moving goods. The study also considered each country's level of global economic integration, its consumption levels, inflation and accounting standards.
Poland received 69.7 points out of a maximum of 100. The best performers were Hong Kong, the US and Japan. In the CEE region, Hungary came in far behind Poland, in 31st place.
However, the Bloomberg survey did not focus on issues like excessive bureaucracy, which is a common complaint among investors in Poland. In the World Bank's Doing Business 2013 ranking, Poland fared much worse, coming in 55th out of 185 countries ranked.
That ranking did note however that progress had been made when it comes to certain aspects of doing business in Poland, mostly with the introduction of new institutional and regulatory reforms. In fact, the World Bank stated that Poland was the "global top improver" when comparing its business environment to the previous year.
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