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Greece

Greece Slips in World Bank's Ranking on Ease of Doing Business

Greece dropped five places in this year's World Bank's annual "Doing Business Index," ranking 72nd, down from 67th place last year. Greece's score of 68.08 represents a decline of 0.12 points compared to last year's index. The annual World Bank...

World Bank: 600,000 Court Cases Stuck in Greek Legal Limbo

As anyone who has a case pending in court knows, Greek justice moves at a particularly slow pace. A World Bank report has confirmed the problem, revealing that an average case in Greece takes 1,580 days, or close to...

All Eyes Turned to Washington for World Bank Group and IMF Spring Meetings

Finance Minister Euclid Tsakalotos and Alternate Finance Minister George Chouliarakis on Thursday will depart for Washington where the 2017 spring meetings of the World Bank Group and the International Monetary Fund will take place. The Greek ministers hope that...

EU Commission in Contact With World Bank for Possible Loan to Greece, Breidthardt Says

The European Commission is in constant contact with the World Bank in order to examine the possibility of a loan to Greece, Annika Breidthardt, spokesman of EU Commissioner Pierre Moscovici said on Friday. "It is true that the Greek...

Politico: Greece Requests Loan From World Bank

Greece has requested a loan from the World Bank even though it is in the middle of negotiations with international creditors on the bailout program review, Politico says. "The government of Greece has asked the World Bank to provide technical...

Greece to Receive Help From World Bank

The World Bank and the International Finance Corporation (IFC) on Wednesday promised Economy Minister Dimitris Papadimitriou to help Greece in its efforts to return to growth. According an Economy Ministry announcement, Papadimitriou had separate meetings with American and Greek-American businessmen...

World Bank: Greece Ranks Close to Afghanistan in Supporting Entrepreneurship

Greece dropped three places in the annual World Bank report on the ease of doing business, with its main weaknesses being contract compliance and property registration. According to the report, Greece is as close to attracting foreign investors as Afghanistan...

World Bank Calls on Greece to Cut Benefits, Tax Breaks

The World Bank has suggested that Greece cut a number of benefits and tax breaks in order to reform its welfare system, a Kathimerini report says. A list of tax deductions and welfare benefits is given to the Greek finance...

World Bank Report: Greece Improves In Starting A Business

World Bank's Doing Business 2014 report finds that between June 2012 and June 2013, Greece has made great improvement in the ease of doing business and best practices in starting a business. Doing Business 2014: Understanding Regulations for Small and...

PASOK's Papoutsis Gets World Bank Job

Now that he's Greece's Deputy Prime Minister in the government of Prime Minister Antonis Samaras, the New Democracy Conservative leader, PASOK Socialist leader Evangelos Venizelos has reportedly succeeded in getting one of his own, Christos Papoutsis, to be the...

World Bank Sees Greece as More Competitive

Imparting a rare piece of good news for Greece, the World Bank showed the country to have risen to 78th place from 100th in its annual competitiveness report. The rise earned Greece the distinction of being among the 10 "most...

Greece Falls 12 Ranks in New "Doing Business Index" by World Bank

Greece has once again followed a familiar pattern as it lost ground on the latest "Doing Business Index", published by the World Bank. According to the report, which is set to be formally released today and which assesses how easy...

World's Safest Currency? New €100, €200 Banknotes Enter Circulation in Europe (video)

The new €100 and €200 euro banknotes officially entered circulation across the Euro Area on May 28. The European Central Bank (ECB) can now pride itself for having developed some of the world's most sophisticated security features for currency. The...

World's Biggest Bank Comes to Greece

The world's biggest bank, the Industrial and Commercial Bank of China (ICBC), is coming to Greece, being the second Beijing bank with interests here after the China Development Bank. ICBC, with €3.2 trillion ($3.9 trillion) in total assets, has officially applied...

World's Bankers Say Greek Bailout Risky

The powerful international bank lobby Institute of International Finance (IIF) has  warned that Greece's newly revamped bailout program still faces large risks as long as the economy continues to contract sharply, with more austerity measures expected to make it...