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Greece: Significant Improvement in Ease of Doing Business

Greece rose to the 72nd position in the World Bank’s Doing Business annual ranking report for 2014, up from 89th in 2013.

By 29/10/2013 No Comments

The report measures how easy it is to set up and run a business in 189 countries globally. The ranking was based on 10 indicators or topics and include considerations of how easy it is to set up a new business, how long it takes and what the start-up costs are.
Greece’s highest ranking is in the categories for ease of starting a business (36, from 147 in 2013) and in trading across borders (52). It also showed a significant rise in the category of protecting investors (80, from 113 in 2013).
“This year, we see a higher number of reforms – 18% more – the second-highest number since the financial crisis,” said Rita Ramalho, program manager for Doing Business at the World Bank Group.
“This pick-up in pace of regulatory reform is good news particularly for small and medium-size businesses – the main job creators in many parts of the world.”
October 29, 2013 | (Source: www.capital.gr)
October 30, 2013 | (Source: ANA)