Page 36 - COMPASS - COMPETITIVENESS REPORT 2021 | COUNCIL OF COMPETITIVENESS IN GREECE

“COMPASS” REPORT 2021 – COUNCIL ON COMPETITIVENESS OF GREECE 35

BUSINESS ENVIRONMENT

APPLICABLE INDICES
SUB-PILLAR PERFORMANCE
(Source, Position, COMPASS difference 2020 vs 2021)

• Cooperation in labour-employer relations (WEF, 109/141, N/A)
• Hiring and Firing Practices (WEF, 82/141, N/A)
FLEXIBILITY OF THE JOB MARKET LOW
• Incentivize firms to embrace diversity, equity and inclusion (WEF,
23/37, N/A)

• Cost of starting a business as % of GNI per capita (WEF, 37/141,
EASE OF STARTING & DISSOLVING A N/A) COMPARATIVELY
BUSINESS • Starting a Business (World Bank, 11/190, N/A) GOOD
• Insolvency regulatory framework (WEF, 26/141, N/A)

• SMEs Selling Online (DESI, 26/28, N/A)
E-COMMERCE LOW
• E Commerce Turnover (DESI, 27/28, N/A)
• Selling Online Across Borders (DESI, 27/28, N/A)

• Strength of auditing and accounting standards (WEF, 122/141,
ISSUES OF COMPLIANCE & COMPARATIVELY
N/A)
GOVERNANCE GOOD
• Protecting Minority Investors (World Bank, 37/190, N/A)

• Distortive effect of taxes and subsidies on competition (WEF,
109/141, N/A)
• Trade tariffs % (WEF, 7/141, N/A)
• Labour Tax Rate % (WEF, 117/141, N/A)
• Shift to more progressive taxation, rethinking how corporations,
COMPETITION ENVIRONMENT LOW
wealth and labour are taxed, nationally and in an international
cooperative framework (WEF, 30/37, N/A)
• Rethink competition and anti-trust frameworks needed in the
Fourth Industrial Revolution, ensuring market access, both locally
and internationally (WEF, 35/37, N/A

• Financing of SMEs (WEF, 133/141, N/A)
• Stability (WEF, 140/141, N/A)
• Venture Capital Availability (WEF, 120/141, N/A)
CORPORATE FINANCING LOW
• Increase incentives to direct financial resources towards long-
term investments, strengthen stability and expand inclusion
(WEF, 20/141, N/A)

• Χρήση ERP (DESI, 11/28, -1)
BUSINESS USE OF ICT LOW
• Χρήση Cloud (DESI, 26/28, -)