Romania ranks 68th out of 137 in Global Competitive Index
WEF, country faces problems on corruption,taxes and institutions
27 September, 13:47On the other hand, Romanian ranks better on macroeconomic environment (the 38th position), market size (41st position) and technological readiness (the 51st position).
The most acute problems standing in the businesses' path are taxes, the inefficient government red tape, financing access, improper educated work force, corruption and the improper infrastructure supply, the report reads.
Romania has a competitiveness index of 4.3 on a scale from 1 to 7.
According to the report, Switzerland ranks first for the sixth year in a row, posting a score of 5.86, followed by the United States of America (5.85), Singapore (5.7), The Netherlands (5.66), Germany (5.66), Hong Kong (5.53), Sweden (5.52), UK (5.51), Japan (5.50) and Finland (5.49). (ANSA).