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).

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Dismiss