Greece competitiveness drops in WEF survey

28 September 2016
703 Views

Greece has seen its competitiveness drop five places to 86th in a list of 138 countries, according to the Global Competitiveness Report 2016-17 released by the World Economic Forum (WEF) on Wednesday.

Policy instability, high tax rates and inefficient government bureaucracy were identified as “most problematic factors for doing business,” according to the survey. Other obstacles were access to financing, tax regulations and government instability.

Switzerland, Singapore and the United States remain the three world’s most competitive economies, according to the report.

“Declining openness in the global economy is harming competitiveness and making it harder for leaders to drive sustainable, inclusive growth,” said Klaus Schwab, WEF founder and executive chairman.

You may be interested

US: There will be costs if Russia acts against Ukraine
DEFENCE
shares14 views
DEFENCE
shares14 views

US: There will be costs if Russia acts against Ukraine

Panos - Apr 12, 2021

U.S Secretary of State Antony Blinken on Sunday said: “it would be a serious mistake” for China to strike at…

Kikilias: The plan is for vaccinations of healthy people in their 40s to begin in June
GREECE
shares11 views
GREECE
shares11 views

Kikilias: The plan is for vaccinations of healthy people in their 40s to begin in June

Panos - Apr 12, 2021

If everything goes according to plan and deliveries for the second quarter are made on time, vaccinations of healthy people…

Euro 2021 with fans in stadiums, UEFA decides
GREECE
shares25 views
GREECE
shares25 views

Euro 2021 with fans in stadiums, UEFA decides

Panos - Apr 12, 2021

The Euro 2021, which was postponed last year due to the coronavirus, will be held next summer with fans allowed…

Leave a Comment

Your email address will not be published.