Business, corruption has increased

The newly published report of the Davos Economic Forum about the competitiveness among the world economies notes that 22.2% of the Albanian businessmen say that corruption is the biggest obstacle in their activity. Last year this number was around 10.9%. Corruption remains the second biggest obstacle for business. The financial difficulties have been on the first place for the last three years, as a consequence of the economic crisis. From 144 scrutinized countries, Albania is ranked 136th for its ease of access in loans.

In parallel, the cost of financial services such as interests and commissions remain among the most expensive in the world, ranking Albania 125th. The world competitiveness index analyzes a great number of indicators, starting from the institutions, the governing, the infrastructure, the innovation and functionality of markets.

Davos ranked Albania 89th in a list of 144 countries, going down 11 places compared to the last year. I the list of indicators that several international institutions and organizations publish this is among the most completed. The prestigious media “The Economist” confronts this indicator with the per capita incomes in each country. The result is not surprising. The high competitiveness brings well being for the citizens, as this graph shows, but Albania still remains in the last group for both indicators.

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