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World Bank

Greece Slips in World Bank's Ranking on Ease of Doing Business

Greece dropped five places in this year's World Bank's annual "Doing Business Index," ranking 72nd, down from 67th place last year. Greece's score of 68.08 represents a decline of 0.12 points compared to last year's index. The annual World Bank...

Greek Debt-Relief Talks Shift to Washington

Brussels and Athens are now turning their attention to Washington, where critical discussions on Greek debt relief will be held on the sidelines of the IMF and World Bank spring meeting. According to Athens-Macedonian News Agency (AMNA)'s sources, the Europeans...

World Bank: 600,000 Court Cases Stuck in Greek Legal Limbo

As anyone who has a case pending in court knows, Greek justice moves at a particularly slow pace. A World Bank report has confirmed the problem, revealing that an average case in Greece takes 1,580 days, or close to...

Greece Lags Behind Albania in "Ease of Doing Business"

Greece ranks 67th in the "Ease of Doing Business 2018" report in a total of 190 countries, when last year was in 61st place. In this year's World Bank report that was released on Tuesday, Greece lags behind other Balkan...

All Eyes Turned to Washington for World Bank Group and IMF Spring Meetings

Finance Minister Euclid Tsakalotos and Alternate Finance Minister George Chouliarakis on Thursday will depart for Washington where the 2017 spring meetings of the World Bank Group and the International Monetary Fund will take place. The Greek ministers hope that...

EU Commission in Contact With World Bank for Possible Loan to Greece, Breidthardt Says

The European Commission is in constant contact with the World Bank in order to examine the possibility of a loan to Greece, Annika Breidthardt, spokesman of EU Commissioner Pierre Moscovici said on Friday. "It is true that the Greek...

Politico: Greece Requests Loan From World Bank

Greece has requested a loan from the World Bank even though it is in the middle of negotiations with international creditors on the bailout program review, Politico says. "The government of Greece has asked the World Bank to provide technical...

Greece to Receive Help From World Bank

The World Bank and the International Finance Corporation (IFC) on Wednesday promised Economy Minister Dimitris Papadimitriou to help Greece in its efforts to return to growth. According an Economy Ministry announcement, Papadimitriou had separate meetings with American and Greek-American businessmen...

World Bank: Greece Ranks Close to Afghanistan in Supporting Entrepreneurship

Greece dropped three places in the annual World Bank report on the ease of doing business, with its main weaknesses being contract compliance and property registration. According to the report, Greece is as close to attracting foreign investors as Afghanistan...

Slow Greek Courts Lag Behind in Rulings With 50-Month Verdict Delays

Greek courts take an average of 1,580 days or 50 months to reach a final ruling in a case, placing it in the 155th position in the world among the countries that delay trials, said Supreme Court Judge Christoforos...