BUSINESS NEWS POLAND IS A EUROPEAN AVERAGE IN TERMS OF EASE OF DOING BUSINESS Poland is ranked 14 th in Europe and 34th in world among the countries with the most complex business regulations, according to the latest report prepared by TMF Group, a global business services company for companies operating locally and internationally. The most difficult to do business in Europe is in Greece, and the easiest is in Denmark. In the report titled Global Business Complexity Index 2020, TMF Group's
experts compared the main country requirements within 77 jurisdictions around the world for administrative and regulatory compliance for entrepreneurs planning to do business in the selected markets. Although, the results are not directly comparable due to slight changes to the report’s methodology, Poland has almost certainly become relatively simpler in compared to both European and global countries in the past twelve months. Unfortunately, the company's experts argue that these changes do not result from introducing more business-friendly regulations.
has high entry barriers, which forces investors to cooperate closely with local partners, who move freely in terms of national regulations – Joanna Romańczuk, Managing Director of TMF Group in Poland.
In Europe it is easiest to do business in Denmark, Holland, Ireland, Switzerland and Malta. In Greece, on the other hand, where TMF Group experts estimate that around 70 new tax regulations are introduced every year and during the tax year. Just behind Greece are Turkey, France, Croatia and Belgium. Among our immediate neighbours, it is easier to run a company in Ukraine, the Czech – Companies from abroad wanting to start Republic and Germany, and more diffiup in Poland are invariably facing great cult in Slovakia or Russia. challenges. All corporate documents must be completed in Polish, and it can take a very long time to set up a company for entities whose parent companies are located You can outside Poland. Such factors cause that such download an important European market as Poland the report here:
TOTAL VALUE OF UNICORN EXITS HIT $1.28TRN IN 2020 In the world of venture capital, unicorns are companies valued at more than one billion US dollars or more. If such a company goes public (IPO) or is acquired, it is no longer referred to as a unicorn. According to data gathered by ForexSchoolOnline, the combined value of unicorn exits reached $1.28trn in 2020. With a valuation of $238bn at the point of IPO, the Chinese eCommerce, retail, and tech giant, Alibaba, represents the largest unicorn exit in the world. In 2014, ten unicorn companies had a successful initial public offering, revealed Statista data. Another four companies were acquired, with the total value of unicorn exits reaching $327.4bn
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that year. After a slight fall in the number of unicorn exits in the next two years, 2017 witnessed 17 unicorn IPOs and five acquisitions with a total value of $96.15bn. Statistics show the number of unicorn exits peaked in 2018, with 40 initial public offerings and nine acquisitions worth $346.21bn. The upward trend continued in 2019, with a total of 38 unicorn exits worth $234.77bn. The CrunchBase data revealed that 2020 witnessed seven unicorn acquisitions and five IPOs with a total value of $49.1bn.
to large IPOs of tech giants like Alibaba and Facebook. Statistics show that Asia Pacific unicorn exits reached $588bn value as of this year. With $557.6bn in the total value of exits, North America ranked as the second-largest region. Europe follows with $88.6bn, respectively.
As the leading regions for unicorns, North America and the Asia Pacific had the highest number and value of unicorn exits as of 2020. This was primarily due
Outsourcing&More | September–October 2020
