Greece Jumps Up Annual World Competitiveness Ranking

You might head there for a beach holiday or to see the Acropolis, but have you considered doing business in Greece?

In spite of the knife-edge negotiations to stop the country from defaulting on its debt, Greece has jumped in the IMD (International Institute for Management Development) annual world competitiveness ranking, which rates the ease of conducting business in various countries. The top-ranking Swiss business school judged countries’ competitiveness by a combination of their economic performance, government efficiency, infrastructure and business efficiency.

While the U.S. clung on to its top spot in the ranking for 2015, with Hong Kong and Singapore just behind, Greece bounced from 57th place to 50th.