Lithuania slipped three places to 33rd among 63 nations in the 2017 world competitiveness ranking released by the Swiss-based International Institute for Management Development (IMD).
Worker at a warehouse
© DELFI / Domantas Pipas

Lithuania's best performance this year is in prices (12th), management practices (21st) and education (22nd), and its worst performance is in international investment (56th), domestic economy and institutional structure (47th).

From a list of 15 indicators, respondents in a survey of business executives selected skilled workforce (81 pct), high educational level (77.6 pct), reliable infrastructure and competitiveness of costs (63.8 pct) as the country's "key attractiveness indicators".

Latvia dropped three places to 40th in this year's ranking and Estonia climbed one point to number 30. Hong Kong and Switzerland remained at the top of the ranking.

Lithuania was first included in the ranking in 2007.

The IMD World Competitiveness Yearbook measures the performance of countries based on over 300 criteria, using statistical data (2/3) and a business executives' opinion survey (1/3).

Watchdog: Google won't ban use of its servers to access file-sharing site

Mantas Martisius, the chairman of the Lithuanian Radio and Television Commission ( LRTK ), says the...

IMF: Lithuania is better prepared for challenges

Lithuania's economy is stable and the country is better than ever prepared for challenges, the head...

Government set to approve guarantees for outgoing president

The Lithuanian prepares to approve guarantees for outgoing President Dalia Grybauskaite .

Lithuanian laser professionals at world's largest laser photonics exhibition

On June 24-27 Lithuanian laser manufacturers will present their latest technologies in the most...

Opinion. Public procurement: which law amendments are significant and which are merely formal?

Every time, amendments of public procurement legislation attract a lot of attention, however, it...