Greece provides attractive conditions for investors and is working in the right direction. Attention should be given to better communicating the country’s policies to investors.
The risks of discrimination between foreign and domestic investors and breach of State obligations are the lowest and their level has dropped compared to 2018. The level of unpredictable policy and regulatory change has gone down but it is again the highest risk area.
Greece has a very good performance on two indicators, and a good performance on two. It has maintained a score of 90 on regulatory environment and investment conditions. The performance on rule of law has improved by 5 points and stands at 82. On management of decision-making processes, it has scored 75 as in last year’s assessment. The score for foresight of policy and regulatory change has increased from 54 to 69 points.
On a more detailed level, Greece’s overall sub-indicator performance is good. The highest-scoring sub-indicator continues to be regulatory effectiveness with 94 points. It is followed by restrictions on FDI at 85 and respect for property rights at 83. The score for management and settlement of investor-State disputes has increased and is now at 80. Robustness of policy goals and commitments, institutional governance and transparency received 75 points each, for a second year. Performance on communication of vision and policies has significantly improved from 32 to 63 points.