Georgia ranked 77th place in the World Economic Forum’s rating 2012. 144 countries worldwide are on the list of the WEF rating.
Georgia ranked the 53rd as per infrastructure, 61st – as per institutions, 88th – macro-economic index, 93rd – higher education and training, 82nd – goods market efficiency, 35th – labor market efficiency, 93rd – financial market development, 76th – technological readiness, 99th – market size, 120th – innovation and development sector, 113th – business development , 126th - innovation.
As per the report, among obstacles for doing business in Georgia are the following: funding availability – 15,4 point, irrelevant qualification – 13,4, inflation – 11,1; labor ethics shortage – 10,2; tax regulation – 9.6; political instability – 9,5; irrelevant infrastructure – 7,8; high taxes – 6,0; state instability – 4,1; inefficient state bureaucracy – 3,8; poor public healthcare – 3,3; corruption – 2,2; forbidding labor regulation – 2,1; foreign currency regulation – 1,3, crime and theft – 0,1.
Like in previous year, Switzerland is on the top of the rating. Top ten countries are: Singapore, Finland, Sweden, Holland, Germany, USA, Great Britain, Hong- Kong and Japan.
Interpresnews