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The yearly World Economic Forum competitiveness report for 2014 which looks at over 100 different indicators of economic attractiveness of a given country; from human capital to infrastructure development to contract enforcement, has been released.
In the BRICS group Russia came an impressive second, similarly within the CIS region Russia came second and within Eastern Europe Russia came fourth.
Russia beat eight EU countries and all countries who are set to join the EU within the coming years. This includes; Bulgaria, Cyprus, Romania, Hungary, Slovenia, Slovakia, Croatia and Greece. Russia just fell short, by four places, to the major EU nation Italy.
Naturally, Russia has room for improvement, but therein lies the investment opportunities. The countries which came top in the rankings were Switzerland and Singapore - two extremely developed and wealthy nations which have little room for GDP growth. Russia is neither too bad that it is a train wreck waiting to happen or too good such that you missed the train.
There are other survey's similar to this one such as the World Bank's ease of doing business - in which Russia actually finishes above China, but below South Africa.
This post first appeared on Russia Insider
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