Business News

Slovenia Down Eight Spots in WEF Competitiveness Rankings

Geneva, 03 September (STA) - Slovenia places 70th in the latest Competitiveness Rankings of the World Economic Forum, down eight spots on the year before due largely to poor marks on the development of the financial market and labour market regulations.

Slovenia is now in the company of countries such as Georgia, Vietnam, India and Morocco and has been overtaken by the likes of Russia, Hungary and Montenegro, suggests the WEF Competitiveness Report released on Wednesday.

The country received low marks for financial market development (2.9 on a 1-7 scale) and labour market efficiency (3.9).

On the other hand, it scored highly on health and primary education (6.5), higher education (5.3) and institutions (4.9).

Switzerland continues to top the list for the sixth year in a row. It is followed by Singapore, the United States and Finland.

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