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Athens News Agency: News in English, 08-09-16

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greece-U.S. memorandum signed

  • [01] Greece-U.S. memorandum signed

    Development Minister Christos Folias said during the signing of a cooperation memorandum with the United States Council on Competitiveness that the administrative burden for entrepreneurship in Greece must decrease by 25 percent, a percentage which is equal to four billion euros, and it is one of the government's main targets, adding that this administrative burden currently stands at 6.8 percent of the GDP.

    Folias, who is also president of the National Competitiveness and Development Council, and the President of the U.S. Council on Competitiveness, Deborah L. Wince-Smith, signed on Tuesday a cooperation memorandum on boosting competitiveness in the framework of cooperation which is being promoted by the Development ministry's Special Secretariat on Competitiveness.

    Folias noted that the country's position has improved considerably in the international ranking on competitiveness and pointed out that "it is very important that we realise that the effort to improve the competitiveness of the Greek economy is not up to one ministry, but it is up to the government in its entirety, all the ministries, the agencies, the employees, the businesses and up to society in general."

    Smith said that the memorandum signed is very important, she reminded that the trip to reach the signing had begun in 2005 and stressed that "Greece is in my heart and influences the way with which I see things."

    She also emphasised that all new successful operations in the United States start from small and medium-size enterprises and not from huge ones.


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