Slovenia among biggest gainers in IMD competitiveness rankings

The improvement in Slovenia's ranking on the index compiled by the Swiss-based International Institute for Management Development (IMD) came on the back of better economic performance and government efficiency, although the country continued to be held back by a number of pre-existing limitations.

"The positives and negatives have not changed much," said Peter Stanovnik of the Institute for Economic Research, the Slovenian partner of the IMD, in presenting the results.

The country made the biggest jump in economic effectiveness and productivity, where it rose as many as 14 places. In government efficiency, the country rose six spots on the back of better public finances and political stability.

Slovenia continued to be graded highly on infrastructure, gaining six places in basic infrastructure, ranking 30th in terms of infrastructure overall. "Despite a lack...