ECONOMY - FINANCES / (ae) greece

OECD says bureaucracy is hampering business

Brussels, 16/05/2014 (Agence Europe) - A report by the Organisation for Economic Cooperation and Development (OECD) shows that red tape costs Greek businesses €3.28 billion a year, some three-quarters of which comes from paperwork connected with VAT (47% of the administrative burden), company law and annual accounts (18%) and public procurement (12%). The OECD report makes 87 recommendations across 13 areas, including VAT, company law and annual accounts, public procurement, agriculture,...