Russia has climbed five positions in ranking of competitiveness of various countries in the world, compiled by experts from the world economic forum. The document was published on the WEF website. Experts note that recovery was promoted by macroeconomic stabilization, but doing business in Russia remains complicated corruption, weak property rights protection and poor judicial system.

A year ago in this rating Russia has occupied 43-e a place, and now – 38-e of 137. On the line above the RF – Malta, behind Poland. Leaders in the ranking, Switzerland, USA and Singapore.

Stabilization of macroeconomic conditions allowed Russia to rise in the rankings of global competitiveness. The biggest progress among the four major components of a rating of Russia has achieved in the macroeconomic situation, adding 38 positions, said RBC. While Russia’s economy remains dependent on commodity exports, and its prospects remain uncertain, the authors of the rating.

The WEF examined more than one hundred indicators, and baselines are only four: in addition to macroeconomic situation is the infrastructure (as in the past year, Russia here takes 35th place), health and primary education (54th place compared to 62nd in the previous year), as well as the quality of institutions. With institutions Russia has fared worst of all – although it has up to five lines on this criterion, but still only took 83rd place.

Weaknesses of the Russian financial market (for this criterion, it was put on 107-th place), protection of property rights (106th place) and judicial independence (90).

In last year’s ranking to first place among the key issues for doing business in Russia came inflation. Now all returned to their places: as to 2016, the main problem is called corruption. She shares the first place with the concern tax rates.

Macroeconomic successes of Russia is important not only in themselves, but compared to other countries, said Russian program coordinator of the WEF on the competitiveness of the countries Alexey prazdnichnyh, so “next year unless drastic improvements in the macro economy, it is likely that Russia will have a big rise in the rankings”.

Respondents RBC experts believe that the WEF does not play a big role for portfolio investors, as it operates on too General indicators. However, it takes into account the work of the government. The promotion in the ranking of competitiveness was one of the benchmarks of the road map to improve the investment climate in Russia, which the government approved in 2013, to the annexation of Crimea and the imposition of sanctions. According to this indicator, the dynamics is still possible to observe: according to the document, by 2015 Russia must take a 45-th line (it happened), and to 2018-mu – 30.

Wednesday, September 27, the WEF report will be discussed at the seminar, the Ministry of economic development with participation of Minister Maxim Oreshkin.



Russia gained five positions in global competitiveness ranking 30.09.2017

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