Visual Stories of Female Entrepreneurs

IFTF#Success 2014
IFTF#Talent 2013
IFTF Warsaw 2012
IFTF Zagreb 2011
IFTF Istanbul 2011

Greece

Financial Sector Enabling Environment in Greece

Greece
Ease of doing business (rank)	78
Starting a business (rank)	146
Starting a business - Cost (% of income per capita)	20.5
Starting a business - Procedures (number)	11
Starting a business - Time (days)	11
Starting a business - Minimum capital (% of income per capita)	24.4
Dealing with construction permits (rank)	31
Dealing with construction permits - Cost (% of income per capita)	27.5
Dealing with construction permits - Procedures (number)	15
Dealing with construction permits - Time (days)	89
Registering property (rank)	150
Cost (% of property value)	11.8
Procedures (number)	11
Time (days)	18
Protecting Investors (rank)	117
Getting credit (rank)	83
Trading across borders (rank)	62
Enforcing contracts (rank)	87
Enforcing Contracts - Cost (as % of claim)	14.4
Enforcing Contracts - Procedures (number)	39
Enforcing Contracts - Time (days)	819
Resolving insolvency (rank)	50

Source: World Bank Doing Business 2013 (RANK: Best=1; Worst=185)

Dealing with construction permits

Greece reduced the time required to obtain a construction permit by introducing strict time limits for processing permit applications at the municipality.

Protecting investors

Greece strengthened investor protections by requiring greater immediate and annual disclosure of material related-party transactions.

Resolving insolvency

Greece enhanced its insolvency process by abolishing the conciliation procedure and introducing a new rehabilitation proceeding

Conclusion

Besides nine other economies, Greece is recognized as having the most improved ease of doing business across several areas of regulation in the last year.

The most problematic factors for doing business in Greece:

Inefficient government bureaucracy
Access to financing
Policy instability
Tax regulations
Corruption
Tax rates

IFTF Members from Greece

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