by Jim Rose in economics of regulation, international economics, law and economics

The only clear advantage Greece has on Russia as a place to do business is trading across borders because of European Union membership. Russia is a dog of a place to get things across borders. Greece has dropped two places overall ranking as a place to do business while Russia climbed 3 places in the World Bank 2016 Doing Business rankings as compared to their 2015 Doing Business rankings.

Source: Historical Data – Doing Business- World Bank Group.

In 2016, Russia has considerable strengths as compared to Greece in a number of other areas of doing business such as enforcing contracts, registering property and starting a business. Russia is even a slightly better place to pay taxes than Greece! Russia’s World Bank Doing Business ranking for trading across borders has not changed between 2015 and 2016.