Montenegro climbs up in global competitiveness ranking.

By bne IntelliNews September 10, 2010
Montenegro climbed by 13 positions to 49th place in terms of competitiveness among 139 countries with a 4.36pts value (out of 7pts) of the global competitiveness index (GCI), the 2010-2011 Global Competitiveness Report of the World Economic Forum (WEF) showed. According to the WEF, the most problematic factors for doing business in the country are the inadequate supply of infrastructure (18.4% of the polled), the access to financing (16.4%), the inefficient government bureaucracy (12.6%), the inadequately educated workforce (12.3%), and corruption (8.4%). The restrictive labour and tax regulations and the inflation rate were also pointed out as detaining factors, but to a much lesser extent. In regional comparison, the country outperformed all its neighbours - Croatia ranks 77th (4.04pts of GCI), Macedonia (79th, 4.02pts), Albania (88th, 3.94pts), Serbia (96th, 3.84pts), and Bosnia and Herzegovina (102nd, 3.80pts).

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