Ukraine was ranked the 60th in 2015, taking the next to last place in competitiveness ranking made by the Swiss Institute for Management & Development, having slipped by 11 positions down compared to a year ago, according to the data posted on the IMM’s website, RBK-Ukraine (РБК-Україна) reports.
The reason for slipping down in the IMM’s ranking is the armed conflict in Donbas with ensuing increase in market volatility.
The US took the first position in the ranking; Hong Kong was the second, Singapore got the third position, Switzerland was ranked the fourth. Among the top ten are Canada, Luxembourg, Norway, Denmark, Sweden and Germany. Venezuela rounded out the tanking.
Russia dropped in the ranking by 7 points and took the 45th position (compared to the 38th last year).
