| Macedonia climbed to 72nd position in the economic freedom ranking of the Canadian Fraser Institute, from 80th place in the previous issue of the report. The report surveyed the performance of 141 countries in 2008. Hong Kong had the highest economic freedom rating overall. Macedonias summary rating improved from 6.7 in 2007 to 6.83 in 2008, with the highest possible rating being 10. The improvement reflects better standing in the following areas: size of government; legal structure and security of property rights; and regulation of credit, labor, and business. Deterioration was observed in two areas: access to sound money and freedom to trade internationally. In the region, the following countries had better rankings than Macedonia: Bulgaria (36th), Albania (48th), Slovenia (61st) and Montenegro (66th). On the other hand, Croatia (87th), Serbia (97th) and Bosnia and Herzegovina (111th) had worse ratings. |
|
|
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
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
13 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago