Page 43 - COMPASS - COMPETITIVENESS REPORT 2022 - COUNCIL OF COMPETITIVENESS IN GREECE

“COMPASS” REPORT 2022 – COUNCIL ON COMPETITIVENESS OF GREECE 41

Institutions and
the Economy

The Institutions and the Economy pillar is a significant lever
in accelerating innovation, competitiveness and citizen wel-
fare, and it is improving over time. Greece can do better in
areas related to the broader institutional and legal environ-
ment at both the regional and international levels. This pillar
covers matters concerning the overall confidence in the
administration of justice, such as delays thereof, implemen-
tation of the regulatory framework, and corruption. Despite
a number of reforms to further support the development of
entrepreneurship and innovation and the adaptation to cli-
mate change, the factors described above are a long-stand-
ing impediment to attracting investors who seek a stable
environment where justice is administered swiftly and where
the rule of law prevails in the broader sense of the term.

POSITION
SUB-PILLAR INDICATOR – SOURCE PERFORMANCE
CHANGE
Institutional framework - IMD 46/64 N/A
N/A u
EFFICIENCY OF Business legislation - IMD 40/64 N/A LOW
GOVERNMENT Government effectiveness - GTCI 49/134 PERFORMANCE
Regulatory quality - GTCI 46/134 N/A

ELECTRONIC ACCESS e-Government - IMD 37/64 0 u LOW
TO PUBLIC SERVICES Digital Public Services for Businesses - DESI 26/28 +1 PERFORMANCE

LEGAL Enforcing contracts - IMD 60/64 -1 u LOW
ENVIRONMENT Intellectual property rights - IMD 45/64 0 PERFORMANCE

PUBLIC - LOW
PRIVATE SECTOR Public-private partnerships - IMD 30/64 +10 u PERFORMANCE
COLLABORATION
COMPARATIVELY
u
PENSION SYSTEM Pension coverage - GTCI 43/134 N/A GOOD
PERFORMANCE