Albania climbs up in global competitiveness report.

By bne IntelliNews September 10, 2010
Albania was placed 88th out of 139 countries with a score of 3.9pts (out of 7pts total) in the World Economic Forums (WEF) Global Competitiveness Index report for 2010-2011. The country ranked 96th out of 133 countries in the previous edition of the report. Albania improved performance in all three subindexes comprising the overall score - basic requirements, efficiency enhancers and innovation and sophistication factors. The latter witnessed the most significant progress, improving by 17 places up to 104th place this year. This reflected the positive evaluation of the business sophistication pillar. Progress in basic requirements was due to better assessment of institutions and infrastructure pillars. In contrast, evaluation for macroeconomic stability weakened due to a deterioration of the inflation component. According to the report, the Albanian economy has significant competitive advantages mostly in health and the primary education pillar and goods market efficiency. Access to financing, corruption and tax regulations remained the most problematic areas for doing business in the country. In regional comparison, Albania was outperformed by most of the countries with the exception of Bosnia and Herzegovina (102th place, 3.7pts). Leader on the Balkans was Montenegro (49nd place, 4.36pts), followed by Romania (67th place, 4.16pts) and Bulgaria (71st place, 4.13pts).
 Global Competitiveness Report 2010-2011
2010 Rank 2010 Score 2009 Rank Change
Montenegro 49 4.36 62 13
Romania 67 4.16 64 -3
Bulgaria 71 4.13 76 5
Croatia 77 4.04 72 -5
Macedonia 79 4.02 84 5
Albania 88 3.94 96 8
Serbia 96 3.84 93 -3
Bosnia and Herzegovina 102 3.70 109 7
Source: World Economic Forum

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