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I UNDERSTAND
English Section

Poland ranked No. 3 among ‘world’s best countries to invest in or do business’

19.05.2020 07:00
Poland has been ranked third among the world’s 80 best countries to invest in this year by a business news website.
Pixabay License
Pixabay LicenseImage by Gerd Altmann from Pixabay

Singapore has been "crowned as the best country in the world to invest in or do business for 2020," CEOWorld magazine has reported.

The United Kingdom “took silver” among the most attractive destinations for investors and businesspeople, the magazine reported on its ceoworld.biz website earlier this year.

Poland was ranked third, followed by Indonesia at No. 4, and India at No. 5.

According to the ceomagazine.com website, which cited the rankings at the end of last month, Poland is “one of the top-tier places for investment” in the “post-COVID” world, "ranking highly for market potential and institutional framework."

The US ambassador to Warsaw, Georgette Mosbacher, has congratulated Poland for making the top three in the ranking.

She said in a Twitter post dated May 16: “Despite the economic challenges brought by COVID19, some countries stand out as very promising for investors. Congratulations to Poland for making the top three in CEO magazine’s ranking of the best places to do business in 2020!”

The rankings were based on 11 different factors including corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness, according to the ceoworld.biz website.

CEOWorld magazine describes itself as a news site for CEOs, CFOs, senior executives, business leaders, and high net-worth individuals.

The CEO Magazine calls itself "a premier business title" that is "a source of information, inspiration and motivation for the world’s most successful leaders, executives, investors and entrepreneurs."

Mosbacher last month praised Poland’s handling of the COVID-19 epidemic in an interview aired by broadcaster TVN24.

(gs/pk)

Source: ceoworld.biz, ceomagazine.com