ECONOMICS
Greece Regulatory Enviroment
Greece’s Business Environment: Streamlined for Growth
Greece has enhanced its business environment, climbing to 79th in the World Bank’s “Ease of Doing Business” rankings (2020). Streamlined procedures now enable entrepreneurs to establish businesses with costs starting at €50, promoting entrepreneurship and economic activity.
Greece has made significant strides in improving its business environment, as evidenced by its performance in the World Bank’s “Ease of Doing Business” rankings. In the 2020 report, Greece ranked 79th out of 190 countries, reflecting a notable improvement from previous years. This ranking considers various factors, including the ease of starting a business, obtaining permits, and enforcing contracts. The process of establishing a business in Greece has been streamlined to encourage entrepreneurship.
As of recent updates, the cost to open a private business starts at €50, with an additional €10 for listing on the ministry’s register and €30 for registering a brand name and logo nationally. Additionally, a 1% fee, calculated on the new company’s share capital, is directed to the Independent Competition Committee.
Greece Economic Indicators
Greece’s GDP grew by 2.9% in 2023, reaching $242 billion, with tourism, shipping, and technology driving economic recovery. The tech sector thrives, attracting global giants like Microsoft and AWS, while cities like Athens and Thessaloniki emerge as innovation hubs. Education plays a critical role, with institutions like NTUA and Aristotle University leading in STEM and R&D, fostering workforce development and innovation.
Greece Regulatory Enviroment
Greece has enhanced its business environment, climbing to 79th in the World Bank's "Ease of Doing Business" rankings (2020). Streamlined procedures now enable entrepreneurs to establish businesses with costs starting at €50, promoting entrepreneurship and economic activity.
