Poland has fallen three notches in the latest World Economic Forum Global Competitiveness Index, Polish central bank officials said on Wednesday.

Poland is in 39th place, down from 36th last year, despite its overall score increasing, the PAP news agency reported.

Dr Piotr Boguszewski of the National Bank of Poland said the methodology of the study has changed.

He added that it now included micro-firms, which in Poland report more problems than large and medium-sized companies.

According to the Global Competitiveness Index, the most problematic factors for doing business in Poland include tax regulations, tax rates, restrictive labour regulations, policy instability and inefficient government bureaucracy.

Covering 137 economies, the Global Competitiveness Index 2017-2018 measures national competitiveness, defined as the set of institutions, policies and factors that determine productivity levels.

(pk)

Source: PAP