Armenia ranked 98th in 2010-2011 Global Competitiveness ReportSeptember 9, 2010 - 15:08 AMT PanARMENIAN.Net - The head of Economy and Values Research Center Manuk Ergnyan announced the results of 2010-2011 Global Competitiveness Report by the World Economic Forum (WEF). The WEF report covers 139 states worldwide, with Armenia ranked 98th, against 97th place last year (with 133 states assessed). “In the context of competitiveness, Armenia has returned to the stage of natural resource-based economic development,” Ergnyan noted. The report indicates improvements in healthcare sphere, employment ratio, and facilitation of transactions for business enterprises among positive tendencies in Armenia. Ineffective antimonopoly policy is described among negative tendencies. Switzerland remains the world's most competitive economy, followed by Sweden, U.S. and Germany. Among CIS states, Ukraine and Azerbaijan slipped in the ranking (89 and 57th places respectively). Improvement was reported in Tajikistan and Kirgizia (116 and 121st places respectively). Georgia is ranked 93rd, Kazakhstan - 72nd, Russia- 63rd. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |