Serbia ranked 95th on "economic freedom" list

NEW YORK Serbia is ranked 95th according to the Index of Economic Freedom, which puts it in the "mostly unfree"group of countries. The annual list of the Heritage Foundation and the Wall Street Journal shows that Serbia's score went up by 0.8 points compared to last year, reaching 59.4 points, but that it remained in the group of countries described as mostly unfree, which are ranked 91st to 151st Serbia ranked 95th on "economic freedom" list Serbia is ranked 37th out of 43 European countries and its overall score is below the world and regional averages. "In the 2014 Index, Serbia has achieved its highest economic freedom score ever. Despite significant progress in a few areas, however, it continues to lag in promoting the effective rule of law. Implementation of deeper institutional reform remains critical," the Heritage Foundation said on its website. Four of the 10 economic freedoms, including investment freedom, business freedom, and monetary freedom, have advanced. Most notably, investment freedom has improved by 35 points. Declines were recorded in the control of government spending, fiscal freedom, business freedom, and trade freedom. Compared to other countries of the former Yugoslavia, Serbia is only ranked higher than Bosnia-Herzegovina, which is in 101st spot. Macedonia is ranked 43rd, Montenegro 68th, Slovenia 74th and Croatia 87th. Croatia is the only country in the region whose index dropped compared to 2013. Hong Kong has the highest index in the world, followed by Singapore and Australia. (heritage.org/index/heatmap) Tanjug

Serbia ranked 95th on "economic freedom" list

Serbia is ranked 37th out of 43 European countries and its overall score is below the world and regional averages.

"In the 2014 Index, Serbia has achieved its highest economic freedom score ever. Despite significant progress in a few areas, however, it continues to lag in promoting the effective rule of law. Implementation of deeper institutional reform remains critical," the Heritage Foundation said on its website.

Four of the 10 economic freedoms, including investment freedom, business freedom, and monetary freedom, have advanced. Most notably, investment freedom has improved by 35 points.

Declines were recorded in the control of government spending, fiscal freedom, business freedom, and trade freedom.

Compared to other countries of the former Yugoslavia, Serbia is only ranked higher than Bosnia-Herzegovina, which is in 101st spot.

Macedonia is ranked 43rd, Montenegro 68th, Slovenia 74th and Croatia 87th. Croatia is the only country in the region whose index dropped compared to 2013.

Hong Kong has the highest index in the world, followed by Singapore and Australia.