= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2013:
Dealing with Construction Permits:
Greece reduced the time required to obtain a construction permit by introducing strict time limits for processing permit applications at the municipality.
Protecting Investors:
Greece strengthened investor protections by requiring greater immediate and annual disclosure of material related-party transactions.
Resolving Insolvency:
Greece enhanced its insolvency process by abolishing the conciliation procedure and introducing a new rehabilitation proceeding.
DB2012:
Starting a Business:
Greece made starting a business easier by implementing an electronic platform that interconnects several government agencies.
Paying Taxes:
Greece reduced its corporate income tax rate.
DB2011:
Registering Property:
Greece made transferring property more costly by increasing the transfer tax from 1% of the property value to 10%.
DB2010:
Getting Credit:
Greece's private credit bureau, Tiresias, expanded the amount of information it distributes in its credit reports enhancing access to credit information.
DB2009:
Starting a Business:
The minimum capital requirement was reduced by about 80%, the cost of capital tax was reduced and the publication requirement time was reduced substantially.
Protecting Investors:
Greece strengthened investor protections by reducing the threshold necessary to initiate a derivative suit against directors.
Paying Taxes:
Electronic systems were introduced for social security tax.
Resolving Insolvency:
Greece passed a new bankruptcy law which aims at reorganizing financially distressed companies, preserving the business assets, treating creditors equally and preventing piecemeal sale. The law is expected to lead to more restructurings and allow more companies to continue as going concerns.
DB2008:
Paying Taxes:
Greece reduced the tax burden for companies by reducing the corporate income tax rate