Doing business gets even harder in Greece

Greece's business environment is continuing to lose ground, the World Bank's Doing Business 2018 report showed on Tuesday.

Reforms implemented in the last few years aimed at reducing bureaucracy, such as the one-stop shop service for starting a business and the simplification of procedures for exports, are not viewed as having gone far enough in terms of making entrepreneurship easier in this country, while companies active in Greece have to concede 51.7 percent of their earnings in taxes and social security contributions. The average rate among developed countries stands at 40.1 percent.

The report showed Greece as having slipped to 67th place among 190 countries around the world, from 61st place in last year's report. This is the third year in a row that Greece has lost ground.

Of the 11 criteria the report uses to assess the context of entrepreneurship...