EIU: Greece among biggest winners in latest business environment rankings; PM Mitsotakis welcomes report

Greek Prime Minister Kyriakos Mitsotakis on Monday welcomed an Economist Intelligence Unit report, released the same day, showing Greece as the most improved country on its “Change in Business Environment Rankings”, with the east Mediterranean country improved by 16 places.

The report measures countries’ improvement or deterioration in business environment, from the last quarter of 2019 to the last quarter of 2022.

Taking to the Greek prime ministers’ official Twitter account, and in a Tweet in English, Mitsotakis stated: “Very encouraging to see our efforts to reform the economy being recognized. We believe in turning Greece into a business-friendly country attracting further foreign investment. Though there is more to be done, Greece is on the right path.”

According to the Economist, under the subhead “Biggest winners”, the venerable weekly news magazine states that “…Compared with the fourth quarter of 2019, Greece’s ranking increased by 16 places. This significant improvement reflects its poor starting point, given a long-delayed recovery from the government debt crisis that began in 2009, but also the impact of a pro-business majority government that has undertaken reforms, cut taxes and restored confidence in the country.”