PL

Marcin Petrykowski, Standard & Poor's

Poland is a very good hybrid of a modern economy and one that is still developing and modernising, such as in the field of bureaucracy. As we are now in the EU, Poland has a very good base when it comes to management, politics, supervision and all these guarantors of safety for investors, said Marcin Petrykowski of Standard & Poor's.
"The environment for investors is pretty much the same as in Western Europe. On the other hand, there is also the aspect of it being a developing market where some of elements of the model still have to be modernised, such as the debt and capital markets. What could be improved, for example, is the time procedures take and the complexity of the bureaucracy. This dysfunction is due to the law being out-of-date. If these aspects are improved, then the environment would be much more friendly for investors. To sum up: Poland is in a good moment. It has the opportunities of a developing economy but it also has the reliability and positivity of Western Europe. This is the message that we are giving to investors together with the rating," Marcin Petrykowski told Eurobuild CEE. "Currently Poland has A-rating. This is a good score. It puts Poland in a strong position in comparison to both the CEE region and also to Western Europe. In the CEE region, the Czech Republic has the highest rating, AA-, followed by Poland. This year, in February, we changed the outlook for Poland to positive. This means that we see a one in three chance that within 18 months its rating could be revised upwards," explained the head of Standard & Poor's in Poland,

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