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Tuesday, 27 January 2015

Poland up in Economic Freedom Index

  |   Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace Presentation of 2015 Index of Economic Freedom in the Presidential Palace

 

Poland came 42nd globally in the Heritage Foundation and Wall Street Journal's 2015 Index of Economic Freedom, up 8 places from last year's list, and ranked 19th in Europe.
 
Poland's high place on the global ranking list is the result, among other things, of the country's strong efforts aimed at deregulation and simplification of legal regulations, remarked Presidential Minister Olgierd Dziekonski during the report's presentation at the Presidential Palace on Tuesday.
 
"Also important is the activity of commerce-related institutions and entrepreneurs themselves, who through their influence and pressure build understanding for economic freedom in public institutions," Olgierd Dziekonski added.
 
Though still ranked as a "moderately free" economy, Poland has improved in areas such as corruption, fiscalism, public spending and monetary policy.
 
Poland has a very strong system for monitoring EU fund spending that also prevents corruption, deputy Economy Minister Ilona Antoniszyn-Klik pointed out.
 
She added that Poland' tax system with CIT of 19 percent was attractive to foreign investors.
 
Economic freedom "is a very valuable outcome of building lasting independence," according to minister Dziekonski.
 
He also mentioned President Bronislaw Komorowski's words, repeated during last year's celebration of 25 years of Poland's freedom, that "there can be no freedom without entrepreneurship."
 
"Freedom serves to build activity ... Today we can say that it is hard to be enterprising without freedom," the presidential minister added.
 
The top countries on the 2015 Index of Economic Freedom list are Hong Kong, Singapore, New Zealand, Australia and Switzerland. Poland ranks behind such countries as the United States (12th), Germany (16th) and Latvia (37th). (PAP)

 

 

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