Lithuania declined six spots to 41st worldwide in terms of competition among 137 rated countries in the latest competitiveness report published by the World Economic Forum.
Thumb down
© DELFI / Domantas Pipas

Meanwhile, Estonia went up one spot to 29th and Latvia dropped from the 49th to 54th , said Statistics Lithuania.

Lithuania's showing was the worst in innovations and business sophistication, ranking 44th in the subindex, with business sophistication listed as the worst at 46 th and innovations a bit better at 41st.

The country was listed 40th in the subindex of efficiency enhancers and 34th in the subindex of main requirements.

For the ninth consecutive year, the World Economic Forum listed Switzerland as the most competitive country, followed by the United States of America and Singapore.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuanian food watchdog receives four complaints over needles in food

Lithuania's State Food and Veterinary Service has received four complaints over this week on needles...

In response to criticism over pension cuts, Šimonytė tells Ušackas he was in same Cabinet

In response to criticism from Vygaudas Ušackas over pension cuts, Ingrida Šimonytė reminded her...

Lithuania will have more business financing alternatives

Lithuania creates one of the most favourable conditions in the European Union for the activities of...

Belarus' road repairs may cause traffic restrictions at Lithuania's Medininkai checkpoint

The Lithuanian State Border Guard Service (VSAT) has warned of possible temporary traffic...

Money laundering story casts shadow on whole Baltic banking sector - Lithuanian c.banker

The recent money laundering story involving banks operating in the Baltic states has a negative impact...