  Armenia jumps 3 spots in Global Competitiveness Report September 28, 2016 - 12:27 AMT PanARMENIAN.Net - Armenia climbed 3 notches in the World Economic Forum’s Global Competitiveness Report 2016-2017 to rank 79th against last year’s 82nd. The report assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity. With a score of 4.07 out of a maximum of 7, the country is said to be in the efficiency-driven stage, which means it must begin to develop more-efficient production processes and increase product quality. In the rankings, Azerbaijan took the 37th spot, Russia and Turkey came in the 43rd and 55th, while Georgia and Iran followed in the 59th and 76th positions, respectively. Switzerland, Singapore and the United States remain the three world’s most competitive economies, the Netherlands and Germany rounding up the top 5. Chad, Mauritania and Yemen took the back seat in the rankings as countries with the worst competitiveness indices.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
