Greece fell two places to 60th, from 58th place last year, in World Bank‘s list of 189 countries setting up and operating businesses.
The Doing Business 2015 report by World Bank, records reforms made by the countries which made it easier to do business in the period from June 1, 2014 until June 1, 2015. The report, however, showed that Greece’s ranking compared with the best practices for business environments adopted around the world improved slightly with the distance to frontier (DTF) index rising to 68.38% from 68.30% last year (100% reflects the best practices).
World Bank assesses the performance of countries in 10 sectors which form the business environment. Greece fell in seven sectors while it remained unchanged in the remaining three.
Greece’s ranking fell in easiness to set up a business (54th from 50th), getting electricity power (47th from 44th), getting credit (79th from 71st), taxes (66th from 63rd), implementing contracts (132nd from 131st), protecting minority investors (47th from 44th) and clearing an enterprise (54th from 52nd).
The country’s ranking remained unchanged in external commerce (27th), construction permits (60th) and real estate property transfer (144th).
(Source: ANA-MPA)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
