MacroPolis

Greece drops to 72 in Doing Business index as long-term problems persist

The latest Doing Business Indicators report for 2019 by the World Bank Group has shown that Greece fell to number 72 out of 190 economies worldwide.

Greece 57th in WEF's Global Competitiveness Index based on new methodology

The World Economic Forum’s Global Competitiveness Index (GCI) for 2018 has shown that Greece fell four places in a year, standing at number 57.

The legal framework and latest developments in international investment arbitration

A much-anticipated judgment by the Court of Justice of the European Union in the Slovak Republic versus Achmea B.V. (Case C-284/16), on March 6 this year, ruled that the arbitration clause contained in Article 8 of the 1991 Netherlands-Slovakia Bilateral Investment Treaty (BIT) has an adverse effect on the autonomy of EU law.

Hole in Folli Follie’s accounts leads to resignations and spooks investors

Beleaguered Greek jewellery and fashion accessory retailer Folli Follie Group limped to the end of the summer with no end in sight to their troubles.

Eighteen core goods led exports during crisis, NBG study notes

By: Omaira Gill

A core group of 18 products made up the backbone of Greek exports during the crisis years, according to a study compiled by the National Bank of Greece (NBG).

More changes needed to unlock private sector's potential, report says

Greece has to take specific steps to unleash the potential of its business economy because the reforms implemented during its three adjustment programmes have not had the desired impact, a study carried out by the German Institute for Economic Research (DIW) argues.

If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study

Enhanced credit card usage in Greece could capture revenues that exceed the annual inflows from the single property tax (ENFIA), a study by the Foundation for Economic and Industrial Research (IOBE) has shown.

Foreign investors positive on Greece but ease of doing business remains low

Greece’s business framework remains complex and lengthy, which could act as a deterrent to foreign investors, according to data presented as a recent business forum.

Investors wait as Folli Follie Group takes stock amid intense scrutiny

By: Omaira Gill

It’s no understatement to say that the last few weeks have been tumultuous for Greek jewellery and fashion accessory designer and retailer, Folli Follie Group.

Report on PPC’s viability ruffles feathers and shakes share price

A leaked report by a consultancy firm on the Public Power Corporation (PPC) sent the majority state-owned entity’s stock price falling earlier this week after it raised concerns about PPC’s viability.