Albania drops six places in WEF competitiveness ranking.

By bne IntelliNews September 5, 2013

Albania ranked 95th out of the 148 countries in the World Economic Forum's (WEF) 2013-2014 Global Competitiveness Report. The country was at 89th place out of 144 countries in the previous edition of the report. Albania scored 3.85 points on a 1-7 scale as its performance worsened in all three set of indicators, comprising the overall index - basic requirements, efficiency enhancers and innovation and sophistication factors.

Deterioration in the basic requirements was due to a wakened performance in terms of macroeconomic environment, institution and infrastructure. Among the efficiency enhancers, the evaluation for labour, goods market efficiency, the financial market development and technological readiness deteriorated the most. Regarding the innovation and sophistication factors, deterioration was observed in the two segments.

The report also showed that, corruption, access to financing and inefficient government bureaucracy continue to be the most problematic areas for doing business in the country.

In regional comparison, Albania was outperformed by Montenegro (67th place), Macedonia (73rd place), Croatia (75th place) and Bosnia and Herzegovina (87th place).

Global Competitiveness Index 2013-2014    
  2013 Rank 2013 Score 2012 Rank Change (rank)
Bulgaria    57 4.31 62 5
Montenegro  67 4.20 72 5
Macedonia  73 4.14 80 7
Croatia  75 4.13 81 6
Romania  76 4.13 78 2
Bosnia and Herzegovina  87 4.02 88 1
Albania 95 3.85 89 -6
Serbia  101 3.77 95 -6
Source: World Economic Forum       

Related Articles

DUI leader keeps options open as coalition talks begin in Macedonia

The leader of Macedonia’s ethnic Albanian Democratic Union for Integration (DUI), Ali Ahmeti, said on January 11 that his party will negotiate with the conservative VMRO-DPMNE on the formation ... more

Macedonia’s ethnic Albanian parties set conditions for joining new government

Three ethnic Albanian political parties in Macedonia adopted a joint platform on January 7 asking for more rights as a prerequisite for their participation in the new coalition government, one of the ... more

Novomatic completes acquisition of Albanian National Lottery

Europe’s leading gaming technology group Novomatic has completed the final required steps for the successful acquisition of the Albanian national lottery, the group said. The ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss