The country of Greece is trying to lure back companies looking to invest in the country by cutting bureaucratic red tape that can stall investment plans in the past. Greece, a country mired by debt, wants to make things easier on companies like Royal Caribbean.
Earlier this year, Royal Caribbean had plans to use the port of Piraeus as a hub in Greece, but after repeated strikes by unions left thousands of passengers and cruise ships stranded at ports, Royal Caribbean said last week it was dropping plans to use Greece's Piraeus Port as a hub.
Greece is seeking foreign investors to help spur its economy, expected to shrink by about 4 percent this year as it implements a draconian austerity programme to deal with the country's debt crisis. But it carries an unenviable reputation as one of the most difficult places to do business in the western world due to a web of regulations, restrictive laws and combative unions.
