Reform drive needed for doing business

The World Bank's Doing Business index was published last week and showed that Greece had slipped six spots compared to a year earlier, placing 67th out of 190 countries. The report essentially confirms what firms and entrepreneurs operating in Greece know very well, which is that doing business in the country remains full of obstacles and pitfalls.

Ten indicators were tested in order to arrive at the overall score. Greece scored best in trading across borders at 29 out of 190, and worst in registering property with a score of 145. Overall, Greece lost ground in six out of the 10 indicators compared to last year.

Kathimerini English Edition caught up with the man responsible for creating the Doing Business series, Simeon Djankov, to get some more perspective on what Greece's ranking means for the country.

The first point that the Bulgarian economist made is that...