Armenia improves its competitiveness

The World Economic Forum just published its annual report about economic competitiveness around the world. Out of 144 countries Armenia ranks 82nd. The report studied the macroeconomic environment of each country, domestic product market share, improvements in university education etc. The report cites certain problems in business education, customs procedures, the effectiveness of its anti-monopoly policy among other factors for Armenia's relative low ranking. Despite certain improvements Armenia runs third among the South Caucasian countries with Azerbaijan ranked 43rd and Georgia 77th.