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Armenia Ranked 98th In 2010-2011 Global Competitiveness Report

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  • Armenia Ranked 98th In 2010-2011 Global Competitiveness Report

    ARMENIA RANKED 98TH IN 2010-2011 GLOBAL COMPETITIVENESS REPORT

    PanARMENIAN.Net
    September 9, 2010 - 15:08 AMT 10:08 GMT

    The head of Economy and Values Research Center Manuk Ergnyan announced
    the results of 2010-2011 Global Competitiveness Report by the World
    Economic Forum (WEF).

    The WEF report covers 139 states worldwide, with Armenia ranked 98th,
    against 97th place last year (with 133 states assessed).

    "In the context of competitiveness, Armenia has returned to the stage
    of natural resource-based economic development," Ergnyan noted.

    The report indicates improvements in healthcare sphere, employment
    ratio, and facilitation of transactions for business enterprises among
    positive tendencies in Armenia. Ineffective antimonopoly policy is
    described among negative tendencies.

    Switzerland remains the world's most competitive economy, followed
    by Sweden, U.S. and Germany. Among CIS states, Ukraine and Azerbaijan
    slipped in the ranking (89 and 57th places respectively). Improvement
    was reported in Tajikistan and Kirgizia (116 and 121st places
    respectively). Georgia is ranked 93rd, Kazakhstan - 72nd, Russia- 63rd.




    From: A. Papazian
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