OREANDA-NEWS. September 07, 2012. According to the Global economic Forum Report for 2012-2013, Moldova is included in a group of states with the lowest competitiveness, alongside with Uganda, Chad, Tajikistan, Nigeria, Madagascar, and others. The index is based on 12 key factors.

The highest position ore the 65th place is taken by Moldova in the technical readiness, which means the high internet traffic and a great number of subscribers to the broadband internet. Then follows such a factor as the effective labour market (the 8th place and 6 positions down as compared with 2011). In 2012, as before, Moldova has high ranks as for a number of employed women, flexible wages, and a ration of wages and productivity. The worst indicator in this group is the brain drain.

Three groups of factors preventing Moldova from high positions in the ranking include innovations (135 against 128 in 2011), a size of the market (121 against 122) and complicacies in doing business (120 against 117). The worst indicators were shown by Moldova in research expenditures, modern technology public procurement, caster development, efficient anti-monopolistic policies and agricultural policies.

The report also observes the most problem factors which hamper business as Moldovan businessmen think. Among them there are corruption, political unsteadiness, bureaucracy, poor access to financing, lack of skilled labour force. As Chancellor of the Academy of Economic Sciences of Moldova Grigorie Belostecinic said, the low level of competitiveness in Moldova roots rather in political and legal problems than in economic ones.

This filed was affected the Transdniestrian conflict and imperfect judicial system to be reformed. The top three leaders of the rating include Sweden, Singapore and Finland. The ranking is closed by Haiti, Sierra-Leone and Burundi.