ARMENIA 79TH IN COMPETITIVE STRENGTH WORLD RATING

PanARMENIAN.Net - Armenia is 79th in the annual world competitive strength rating of the World Economic Forum (WEF), says the Report on Global Competitive Strength in 2005-2006 published in Geneva. The economy of Finland is at the top of the rating for the third year successively, the US is the second, while Sweden is the third. They are followed by Denmark and Taiwan. The top ten also includes Singapore, Island, Switzerland, Norway and Australia. Russia is 75th in the rating, while Ukraine is 84th and Georgia is the 86th. The rating included Azerbaijan (69th position), Kazakhstan (61), Kyrgyzstan (116), Moldova (82) and Tajikistan (104) for the first time this year. The WEF rating is being composed on the basis of inquiry of business community leaders in 117 countries, as well as official statistics.