With a common enemy of all countries of the world in the battle for gravity foreign funds be high energy costs and inflation, h Hellas managed to improve the investment climate. According to his report EIU (Economic Intelligence Unit), Greece ranks first in the world in terms of improving the business environment, recording progress of 16 points over the past three years, while Qatar is second in this ranking with 11 points. However, Singapore, Canada and the United States are in the top three places in terms of the attractiveness of the business environment, while the countries of Western Europe close the top twenty.

Despite the constant improvement in performance, Greece still has a long way to go before it catches up with other European countries in this area. For example, according to Heritage Foundationto index of economic freedom Greece ranks 77th for 2022 out of 177 countries. Greece’s ranking has improved over the past five years, climbing 19 places since 2020 (96th) from 127th in 2017. According to the latest report from consulting firm EY, Greek economy it now ranks among the “moderately free economies” after a decade of “mostly captive economies” rankings. However, the country still ranks low in the wider geographic region as the closest to Greece are Azerbaijan (37th), Bosnia and Herzegovina (36th), Serbia (35th) , Armenia (34th) and Italy (33rd). However, Greece, in terms of the score on which the rankings are based, scored 61.5 points this year, surpassing the global average of 60 points.

Over the past three years, Greece has improved its performance by 16 points and follows Qatar with 11 points.

In addition, in its Global Competitiveness Index Institute of Management and Development (IMD), which ranks 63 countries, Greece ranks 47th in 2022 from 46th in 2021. Despite the improvement, Greece continues to be lower in the rankings for another year compared to other Mediterranean countries such as Spain (36th), Cyprus (40th), Italy. (41st) and Portugal (42nd), while neighboring countries such as Romania (51st), Turkey (52nd) and Bulgaria (53rd) are considered less attractive than Greece. In terms of the individual performance of the index, Greece is relatively stagnant as it ranks 51st (up from 52nd in 2021) in economic performance, 46th (up from 44th in 2021) in business performance, and 41st ninth place (up from 39th in 2021) for infrastructure.

The particularly slow pace of justice is also an important factor in attracting foreign investment, as it takes an average of 4.5 years for businesses to complete a legal dispute.