Monday, February 1, 2016

Poland goes up in the Index of Economic Freedom at the 39th place – Banker

              Poland recorded a rise in the Index of Economic Freedom The Heritage Foundation and The Wall Street Journal, occupying 39th place in the world. A year ago was 42 items. This is another in a row the reading index, in which our country has improved its result.
 

 
 

index of economic freedom in Poland was 69.3 points, which places our country at the 39th spot in the world ranking. In 2014. We were on 50 place and in 2015. At 42.


 

This is the best in the history of this report, the result of Polish, which from 2012 the year improved its position by 5.1 points. In this year’s ranking Particularly noteworthy improvement in equity (5.0), the level of corruption (+1.0), conditions for business (+1.4), monetary policy (3.9) and freedom of investment ( 5.0). Relatively poor outing, however, when it comes to the size of the public sector and fiscal policy.
 

“Very well, especially in the perspective of 1995, we are assessed in terms of market openness and monetary policy, but a lot of work to do in terms of public spending and the labor market. Above us followed in this regard our neighbors: Lithuania Germany and the Czech Republic, “he said at a conference presenting the report from Warsaw Marcin Nowacki Enterprise Institute. He added that from the point of view of Polish to follow in the direction of the country completely free of economically important discipline of public finances, flexible labor market, lower taxes on labor and transparent economic law.


 

The current conference Deputy Prime Minister, Minister for Development Mateusz Morawiecki said that, as in the case of the World Bank’s “Doing Business”, should address these items index which Poland has the worst position. “We will try to introduce appropriate solutions to change that. I hope that when it comes index may have a positive effect change when it comes to public procurement. In the previous term, worked very one-dimensional. We wish that mattered criterion innovative (.. .) that there were some preferences for small and medium-sized businesses, “- he stressed. He also announced improvements in terms of e-government. “I think that in a few years we will in this case in another world. It is also certainly reduce the level of bureaucracy and will be a step towards increased economic freedom” – marked the.


 

He stressed, however, that 70 per cent. legislation is formed in Brussels. “Wypracujmy so the best mechanisms for joint analyzes of what is produced in Brussels, before it goes to us. Because once slated to us, it’s only directive to perform, to implement and we were all irritated that this or that is not very corresponds to our interests. Just as today we are discussing in the last phase of the tobacco directive. (…) For my part, I want to declare that the gates of the ministry will be more than open to you “- he turned to business.

 

According to the report, in the ranking of European countries at the forefront persist: Switzerland – 81.0 points; Ireland – 77.3; Estonia – 77.2; United Kingdom – 76.4 and Denmark – 75.3. In Europe there are currently five economies with very limited economic freedom (mostly unfree), Croatia; Bosnia and Herzegovina; Moldova; Greece; Russia and 2 economy, where freedom is suppressed (repressed), Ukraine and Belarus. The analyzed as a whole, Europe still faces administrative barriers, high labor costs, high tax burdens and the problems in public finance management.


 

“The level of economic freedom largely depends on the political will of those in power. Let the proof will be in the position of countries such as Estonia, Lithuania and Latvia. They had the same experience as our country, but quickly realized that the duty of the government to stimulate the economy, for example by removing bureaucratic barriers, “he said at the conference, Robert Gwiazdowski, president of the Warsaw Enterprise Institute.

 

“Poland’s economy has been growing steadily for 25 years, steadily improving at the same time position in many prestigious international rankings of business. PKO Bank Polish as the leader of the domestic banking sector has been consistently supports efforts aimed at the development of the Polish economy and our financial system,” he said, in turn, Zbigniew Jagiello, President of PKO Polish Bank.

 

In the world top ranking, as countries fully free economically, are invariably: Hong Kong – 88.6; Singapore – 87.8; New Zealand – 81.6; Switzerland – 81.0 and Australia – 80.3. The study took into consideration 178 countries.


 

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ndeks of Economic Freedom prepared by The Heritage Foundation and The Wall Street Journal for more than 20 years. The objective of the Index of Economic Freedom is the cataloging of countries by solutions policies in order to increase economic freedom, and thus promote the development and prosperity of nations multiply. Within the Index of Economic Freedom are analyzed in the rule of law (property rights, the level of corruption); the size of the public sector (fiscal policy, public expenditure); regulatory efficiency (business conditions, monetary policy, labor market) and market openness (trade, investment, finance). (PAP)
 

Luo / mhr /

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