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Cyprus 64th among 137 countries in competitiveness

Posted on: 9/28/2017 11:57:00 PM under General News

World Economic Forum, known as 'Davos Forum' marked the increase of 19 places in Cyprus and ranks 64th among 137 Countries in comparative table of Economies.

The press release of the European University, show that Cyprus ranks 64th regarding the degree of the competitiveness of economy. Compared with other EU member states, 24 countries rank higher than Cyprus. The ranking is decided based on the financial statistical database of each country, as well as interviews with representatives of businesses and organizations, the Cyprus News Agency reports.

 The partners of the Forum in Cyprus, which took part in the study, are the Bank of Cyprus and the European University of Cyprus.

The top ten in the Global Competitiveness Report of the World Economic Forum remain the same as previous time. Switzerland is in the first place, followed by the USA, overtaking on third place by Singapore. The Netherlands, Germany, Hong Kong, Sweden, Great Britain, Japan, and Finland complete the top ten.