Opening the Books

The National Debt Register-Business Information Office (KRD-BIG) was the first in Poland to meet the requirements of a law on making business information available upon request to interested parties. KRD-BIG is months ahead of Western competitors who are also planning to establish information offices in Poland. The institution was established on the basis of the National Debt Register (KRD) that has operated for three years under the auspices of the Wrocław debt collection firm Kaczmarski Inkasso. "After the entry into force [Apr. 27 this year-ed.] of the law on making business information available for inspection that sanctions the establishment of databases on debtors, our register met most of the requirements. We had already largely completed the work connected with launching the office," said Marek Jabłoński, head of KRD-BIG. He says that the establishment of the office involved over zl.12 million, including earlier expenses.