Macedonia climbs nine spots in economic freedom ranking.

By bne IntelliNews September 21, 2011
Macedonia has improved nine spots to 64th position in a global economic freedom ranking prepared by Fraser Institute, Canada's leading public policy think-tank. The value of the country's economic freedom index has improved to 6.88, up from 6.84 in the last year's report. The index has values in the range 0-10. The latest report is based on 2009 data and covers 141 countries. The index measures the degree of economic freedom in five broad areas: size of government; legal structure and security of property rights; access to sound money; freedom to trade internationally; and regulation of credit, labour, and business. Across those areas, Macedonia was ranked best in terms of regulation (17th) and worst in terms of legal system and property rights (90th). Within the region, Macedonia is ranked behind Bulgaria (28th), Albania (30th) and Montenegro (37th), but ahead of Slovenia (74th), Croatia (89th), Serbia (91st), and Bosnia and Herzegovina (100th).

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss