Monday Jan 26, 2015 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece up 10 spots in competitiveness chart

By Dimitra Manifava

Greece climbed 10 spots this year in the World Economic Forumís competitiveness chart, which was published on Wednesday. However, the country remains constrained by corruption in public administration, a lack of transparency and the inefficiency of the state, according to the Global Competitiveness Report.

The country rose from 91st to 81st spot among 144 countries thanks to the fact that labor relations have become more flexible as well as to the gradual opening up of certain markets, although it remains below par in the operation of basic state structures.

Interestingly, the report notes that the Greeks are technologically advanced, but Greek companies are not, which confirms that despite six years of recession the countryís growth model has yet to evolve from one based on consumption to one of production.

The banking systemís reluctance to issue loans and the existence of bureaucratic obstacles to foreign direct investments are preventing Greece from becoming more competitive, according to the WEF.

The reform rally observed over the last few years led the organization to focus on Greece. It commented that it is one of the few economies that are adopting and applying the reforms that are necessary to attain improved competitiveness. Among the factors seen to have bolstered competitiveness in Greece are the smooth operation of commodity markets, the intensity of domestic competition and the flexible labor market.

ekathimerini.com , Wednesday September 3, 2014 (22:59)  
Talks with troika the main test
Fiscal gap from revenues at 2.3 bln euros
Liquidity noose tightening around local lendersí necks
Banks make plans for tackling impact of Swiss francís growth on borrowers
SYRIZA heads for historic victory but without majority
SYRIZA was on the verge of a historic election victory on Sunday night but one that might not hand the leftist party an outright parliamentary majority, raising doubts about whether a govern...
Prison probes violent attack against N17 convict Xeros
Authorities at Domokos Prison in central Greece were investigating over the weekend an attack by an inmate on November 17 terrorist Christodoulos Xeros. According to Xerosís lawyer, Fragisko...
Inside News
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakosís 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
BASKETBALL
Tremendous Spanoulis sweeps Laboral Kutxa
A hot second half was enough for Olympiakos to undo visiting Laboral Kutxa and score its fourth win in as many games at the second round of the Euroleague on Friday. The 76-64 final score wa...
Inside Sports
FOCUS
A SYRIZA government in Greece: what it wants and what might be possible
The left-wing SYRIZA party led by Alexis Tsipras looks likely to win the Greek general election on Sunday after campaigning on a pledge to renegotiate the countryís international bailout and...
COMMENTARY
The train
If we go by the polls, SYRIZA is set to win Sundayís election and form a government. New Democracy did not really campaign, or perhaps it did so in a way that can only be explained if the pa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. SYRIZA heads for historic victory but without majority
2. Prison probes violent attack against N17 convict Xeros
3. Talks with troika the main test
4. Fiscal gap from revenues at 2.3 bln euros
5. Liquidity noose tightening around local lendersí necks
6. Banks make plans for tackling impact of Swiss francís growth on borrowers
more news
Today
This Week
1. SYRIZA heads for historic victory but without majority
2. Greek Elections 2015 | LIVE
3. Greek Elections 2015 Results | LIVE
4. Greeks vote for reform path or defiance
5. A SYRIZA government in Greece: what it wants and what might be possible
6. Exit polls suggest big margin of victory for SYRIZA
Today
This Week
1. Greek Elections 2015 | LIVE
2. Grexit the only way out of Ďvalley of tears,í says Hans-Werner Sinn
3. Greek Elections 2015 | LIVE
4. No debt writedown or rolling back of reforms for Greece, says Finland's Stubb
5. Greeks fork out nearly 5 pct of their incomes on telecom services
6. QE exclusion a Ďde facto Grexití
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.