Armenia’s rank has changed from 85 to 79 in the Global Competitiveness Report of 2014-2015. The report includes 144 countries. The situation has got worse since the replacement of Prime Minister Tigran Sargsyan with Ovik Abramyan, AmenianReport reports.
The country rose 2 points in higher education and infrastructure and 1 points in technological readiness. The efficiency of the labour market dropped to rank 24, development of the financial market to rank 21.
Kyrgyzstan and Ukraine made progress in the Global Competitiveness Report.
