Greece Improves Ranking in Doing Business 2015 Report

Greece improved its ranking in the World Bank's report "Doing Business 2015, Going Beyond Efficiency", which was released on Wednesday. The report said that Greece ranked 61st for the ease of engaging in business activity, from 65th in the 2014 report, among 189 countries in total.

It remained just one position from the bottom in the rankings of Eurozone states, however, surpassing only Cyprus. The report noted that a total of 21 reforms were implemented, facilitating business activity in the period 2013-2014.

"Greece recorded the biggest progress in facilitating procedures to register property. In December 2013 it introduced a new property transfer tax of 3.0 pct, significantly lower from a previous tax of 10 pct, while it simplified post-registration procedures (tax registration, social security registration, licensing). The country also introduced an electronic filing system for commercial cases, allowing attorneys to submit the initial summons online," the World Bank said in its report on Greece.