Bulgaria climbs 6 places in world competitiveness ranking.

By bne IntelliNews September 9, 2010
Bulgaria climbed six places to 70th position out of 139 countries in the world competitiveness ranking compiled by the World Economic Forum (WEF) for 2010-2011, its local partner, the Centre for Economic Development, said. The report is to be released today. Of all EU countries, only Greece was ranked after Bulgaria (83rd) due to its macroeconomic instability and fiscal problems. The study covers 12 pillars: institutions, infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market sophistication, technological readiness, market size, business sophistication and innovation. Bulgaria is best positioned in the area of macroeconomic stability (ranking 42nd as compared to 45th in the previous report), technological readiness (ranking 48th, up from 56th), and labour market (down to 58th place from 54th). The country marks serious improvement in the area of infrastructure (up to 80th place from 102nd), and is ranked relatively well in the area of education and qualification (58th). Poor marks are still assigned to innovation, business sophistication and goods market efficiency.

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