x

Economy

Greece’s Competitive Position in 2020 Significantly Increases

ATHENS — According to data from the Institute for Management Development (IMD) in Switzerland, Greece's competitive position in 2020 showed a significant increase of nine (9) positions and this year is in 49th place among 63 economies, from the 58th which it held in 2019.

Greece has improved its position in the international competitiveness ranking, achieving significant improvements in individual indicators, namely:

-In the category of "Economic Efficiency" indicators, our country is in the fiftyth place (55th) for 2020, improving its ranking by five (5) positions since last year it was in 60th place, among the 63 economies of the ranking.

-In the category of "Government Efficiency" indicators, Greece is in 52nd place this year, showing an increase of eight (8) positions compared to the 60th position in which it was last year.

-In the category of indicators of "Business Efficiency", Greece's position was improved by seven (7) positions, compared to last year's ranking, occupying the 51st position in 2020, compared to the 58th position last year, and, finally,

-In the category of "Infrastructure" there is also an improvement of Greece's ranking by two positions.

The World Competitiveness Yearbook (WCY) is published annually by the world-renowned business school of Lausanne (Switzerland), IMD. (www.imd.ch)

RELATED

ATHENS - The growing use of Point-of-Service (POS) machines tying businesses directly to the tax department when transactions are made has helped cut deep into Greece’s shadow economy of using cash to avoid paying taxes.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Jimmy Carter Becomes First Living Ex-President with Official White House Christmas Ornament

WASHINGTON (AP) — Former President Jimmy Carter has another distinction to his name.

ATHENS - The passage of same-sex marriage in Greece - which will allow adoptions but not using surrogate mothers - was landmark legislation approved over bitter division and raises the question of what other Orthodox faith countries will do.

CAPE CANAVERAL, Fla. (AP) — A private lander on Thursday made the first U.

DEIR AL-BALAH, Gaza Strip (AP) — Israel seeks open-ended control over security and civilian affairs in the Gaza Strip, according to a long-awaited postwar plan by Prime Minister Benjamin Netanyahu.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.