Croatia moderately improved its position in global competitiveness ranking
The National Competitiveness Council (NCC) presented the results of the 2016-2017 Global Competitiveness Report on September 28, 2016 in Zagreb. According to the results, Croatia is in 74th place out of 138 world economies. With an average score of 4,15, this ranking is an improvement of three places from its position in 2015. The president of the NCC, Ivica Mudrinic, has highlighted the fact that Croatia made progress in several key areas, including the macroeconomic pillar thanks to the decrease in public debt and deficit and there are signs of improvements in the labour market, commodity markets and increase in exports. However, there are also worrying trends of continuous decline in innovations, technological readiness and financial market development. Hence, besides the need of implementing reforms, Croatia also needs a clear vision of its future. Of the countries with which Croatia compares itself, Slovenia, Slovakia, Poland, Bulgaria and Serbia recorded improvements, while FRYOM, Romania, Greece, Hungary and Montenegro registered a decline in the rankings.
More information: http://www.konkurentnost.hr/Default.aspx?art=598&sec=2