Bulgaria ranks 54th in the World Economic Forum

BULGARIA ranked 54th out of 144 countries in the World Economic Forum's prestigious Global Competitiveness Report 2014–2015. Bulgaria improved its score for the third consecutive year. In the 2014–2015 edition, Bulgaria outperforms several EU countries, including Romania, Hungary, Slovenia, Slovakia, Croatia and Greece. Since 2004, the report has ranked the world's countries using the Global Competitiveness Index (GCI). The GCI comprises over 110 variables, organised into 12 pillars. The 12 pillars of competitiveness are: 1. Institutions; 2. Adequate infrastructure; 3. A stable macroeconomic environment; 4. Good health and primary education; 5. Education and training; 6. Efficient goods markets; 7. An efficient labour market; 8. Developed financial markets; 9. The ability to benefit from existing technologies; 10. The size of domestic and international markets; 11. Production of new and different goods using more sophisticated production processes; 12. Innovation. According to Bulgarian National Radio, the report recommends the rapid introduction of e-government, greater transparency and dialogue with civil society and businesses. Switzerland tops the ranking, followed by Singapore, the United States, Finland and Germany.