ECONOMY

Greece climbs up the entrepreneurship chart

Greece’s rise on an international entrepreneurship chart shows that Greeks can excel in business but the country is unable to support them adequately.

Despite the difficulties businesses face in Greece, the 2015 Global Entrepreneurship Index compiled by the Washington-based Global Entrepreneurship and Development Institute (GEDI) showed Greece has climbed 12 positions in one year, as it now finds itself in 47th place in the chart of 130 countries, from 59th among 121 countries last year.

Greece scored 42 points, from 37.5 last year, securing the sixth-biggest points increase among all the countries monitored and the greatest rise on the chart.

The main obstacles faced by business developers in Greece today, according to the GEDI report issued on Wednesday, are the country’s bureaucracy, corruption and negative attitudes toward entrepreneurship.

On the other hand, the strong points cited are the skills of Greek entrepreneurs, the incorporation of technology and human resources.

The above are among the 14 factors that the GEDI survey examines to compose each country’s entrepreneurship profile.