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Romania lost four positions in the world top of economic liberties, getting on 61
Romania records 65.6 points in economic liberty, one point lower than last year which places Romania on place 61 among the 178 freest economies in the world, dropping four positions against last year, according to the conclusions of a report made public on Monday by Heritage Foundation, a reputed organisation of economic analysis in Washington.
According to the Index of Economic Freedom for 2016Romania is placed 29 out of 43 states in Europe, the score being lower than the regional average (66.9 points) but higher than the global average (60.7).According to Heritage Foundation, Romania’s score improved for commerce liberty and monetary liberty, due to the progress achieved, but there is worry when it comes to the rule of right and the liberty of work.
‘Romania has issues in meeting the requirements of the European Union in the domain of anti-corruption, due to the resistance coming from a large part of the political class. The tribunals have insufficient resources and are affected by the corruption and influence on the part of the political environment’ says the report of Heritage Foundation.
Romania is positioned in the top before some states such as Portugal (64), France (75) or Italy (86) but it is overcome by countries such as Bulgaria, which is placed 60, Albania (59), Hungary (58) Slovakia (56) and Poland (39).
This year as well, Hong Kong is situated first, with a score of 88.6 points, dropping by a point against last year. Then there come Singapore, New Zealand,Switzerland, Australia, Canada, Chile, Ireland, Estonia and the UK.
The economic freedom is evaluated in 10 domains, the score being given for the degree of freedom of business, commerce, fiscal freedom, freedom to the government intervention, monetary freedom, investments, financial, work market, for the respect of rights of property, absence of corruption.
At the bottom of the ranking is North Korea, which is 178 with a score of 2.3 points, while Afghanistan, Iraq, Liechtenstein, Somalia, Sudan, Syria and Lybia have no points.