Macedonia drops two places to 73rd in economic freedom ranking.

By bne IntelliNews September 18, 2012
Macedonia ranked 73rd out of 144 countries covered in the latest annual Economic Freedom of the World report published by Canadas Fraser Institute. The country ranked 71st in the previous report. The ranking is based on an economic freedom index that "measures the degree to which the policies and institutions of countries are supportive of economic freedom." The index is on a scale from 0 to 10 and its value for Macedonia is 6.94 in the latest report, improving from 6.91 a year ago. The latest report is based on data for 2010. The index measures economic freedom in five different areas. The areas, and Macedonias latest rankings across them, are size of government (90th); legal system and property rights (84th); sound money (87th); freedom to trade internationally (65th); and regulation (16th). Within the SEE region, Macedonia compares favourably with Croatia (84th), Slovenia (92nd), Bosnia (93rd) and Serbia (102nd). On the other hand, Macedonia lags behind Montenegro (28th), Albania (42nd) and Bulgaria (45th).
Read in IntelliNews Pro
Get IntelliNews Pro

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

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  4. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  5. Russia’s war economy boosted by rising oil prices
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss