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World Bank

World Bank Calls on Greece to Cut Benefits, Tax Breaks

The World Bank has suggested that Greece cut a number of benefits and tax breaks in order to reform its welfare system, a Kathimerini report says. A list of tax deductions and welfare benefits is given to the Greek finance...

Despite Unemployment, One In Three Women in Greece Has a Science Degree

A special edition of the World Bank statistical representation of equality between women and men on the planet shows some interesting results for Greece. The results are based on 2013 data that were published recently by Greece's General Secretariat for Gender...

Report: Greece Becomes a Tougher Business Environment Compared to Last Year

Greece fell two places to 60th, from 58th place last year, in World Bank's list of 189 countries setting up and operating businesses. The Doing Business 2015 report by World Bank, records reforms made by the countries which made it...

Greece Selects Economist Elena Panaritis to Represent Country in IMF

The Greek finance ministry has chosen economist Elena Panaritis as the country’s representative to the International Monetary Fund (IMF), according to a press release on Friday. She is replacing Thanos Katsambas, the ministry said. Panaritis has worked at the World...

Morgan Stanley: Greece Must Simplify Investment Framework

Greece needs to simplify the institutional framework to allow investments and remove the obstacles when investing in land and property, Vice Chairman for Global Capital Markets at Morgan Stanley Reza Moghadam said on Wednesday at an event organized by the Athens-based...

IFC Examines its Return to Greece, Vice President Says

International Finance Corporation (IFC), a member of World Bank Group, examines its investment return to Greece, Dimitris Tsitsiragos, Vice President of IFC, said on Tuesday during a meeting with the Federation of Hellenic Enterprises (SEV). Tsitsiragos said that the IFC...

Greece Named Worst Country for Investments in Europe

A report with the countries which investors should and should not avoid was released earlier today by World Bank, leaving the Greek side with a sense of discomfiture, as the country was named as the worst for investments in...

Samaras' Golden Dawn Trump Card: Joker

Greek Prime Minister Antonis Samaras, the New Democracy Capitalist leader, may yet rue that he sat on his hands and let the neo-Nazi nutcakes of Golden Dawn run amok, beating immigrants, demanding the arrest of blasphemers, shutting down plays,...

IMF Says Greece Needs Help For Next Two Years

It is likely that Greece may need further help from the eurozone over the next two years despite the yesterday’s successful return to bond markets, warns the head of the European department of the International Monetary Fund Reza Moghadam. “The...

World Bank Report: Greece Improves In Starting A Business

World Bank's Doing Business 2014 report finds that between June 2012 and June 2013, Greece has made great improvement in the ease of doing business and best practices in starting a business. Doing Business 2014: Understanding Regulations for Small and...