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Poland's Growth Fastest in 10 Years [95]
Mmm, I sit on the board of companies in both Czech and Poland and I love both countries, but Zion speaks a lot of truth - the Polish need to look at the present and stop thinking Czech has some head start because it was part of the Hapsburg empire that split up in 1918.
Why is Czech a richer country than Poland now ?
1. It undoubtedly had less problems to fix in 1989.
2. The government is pro business - there is much less bureaucracy and they reformed the banks, legal and accounting systems very early.
3. Hiring someone is 15% cheaper but on minimum wage the worker gets 14% more in their pocket than a Polish worker.
4. The government is not ideal (in fact for most of the last year there wasnt a government) but there is nobody in there who is actually mad like Giertych or Lepper.
5. They fixed the roads, quickly and properly.
6. There is much less bureaucracy
7. It is easier to build something and investments are welcomed not treated with hostility and suspicion. Obviously the German's are the biggest investors but the Czech's take a realistic approach to this.