In the Bloomberg’s ranking for the top places to do business, Poland has scored 70.8 points and has overtaken its CEE (Central and Eastern Europe) neighbours – the Czech Republic (68.7 points) and Hungary (66.7 points). The ranking consisted of six categories: consumer base, the cost of starting a business, the cost of materials, labour and transportation.
Poland has made huge economic progress over the past 20 years, say the report’s authors. The improvement of infrastructure, which influenced the position of Poland in the eyes of its local neighbours and among Central Asian partners, puts Poland in second place in the ranking, just behind Turkey. Belarus with 48.1 points and Armenia with 48 points close the ranking. The survey was conducted in 21 European and Central Asia countries.
Poland has also improved in the Global Innovation Index 2014 ranking. The country moved up for six places reaching 24th position among 215 countries. In addition, Poland has overtaken Ireland, Portugal, Hungary, China and Israel reaching 13th place in terms of high-tech density.
According to Bloomberg, South Korea, Sweden, United States and Japan are the global leaders in innovation.
Source: Polish Information and Foreign Investment Agency
Photo © Anna Karahan