Poland Named Best Country for Business in Eastern Europe

A recent Bloomberg survey has revealed that Poland is the best country to do business in both Eastern Europe and Central Asia. This is a result of an expanding consumer market as well as a rapidly improving infrastructure.

As the EU’s largest eastern economy, Poland was ranked above 21 countries listed by Bloomberg Rankings for 2014, including the Czech Republic and Hungary. It was listed as number 26th of the 214 countries in the worldwide survey.

Poland is the EU’s fastest-growing economy since the debt crisis in 2008, and has managed to avoid recession over the last six years. The country has spent more than $80 billion on the renovations of roads and bridges since the beginning of the slump, thereby improving the region’s business with reduced moving costs.

Partner at Weil, Gotshal & Manges LLP in Warsaw and member of the board of directors at the American Chamber of Commerce in Warsaw Roman Rewald said: “Poland has made tremendous economic progress in the past 20 years. Until quite recently, foreign investors preferred other countries in the region. Poland has closed that gap now.”

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