International Institute for Management Development

Greece still has a long way to go to before it strengthens its competitiveness and climbs the world rankings, leaving the low positions it has been in for years.

Ljubljana – Slovenia has slid five spots in the IMD World Digital Competitiveness Ranking to 40th among 64 countries, with the Covid-19 pandemic perceived as the main reason as it has significantly affected the competitiveness of all regions, countries and industries.

Greece has failed to stem its brain drain, as the latest report by the Institute for Management Development in Lausanne, Switzerland shows that the country is continuing to lose ground in its World Talent Ranking, a global chart which evaluates the capability of 63 states in developing, attracting and retaining talent.

When it comes to economic competitiveness, Greece's continuous financial strife has sent it even further down world rankings.

According to this year's World Competitiveness Yearbook (WCY), which ranks and assesses the competitiveness of 63 countries, Greece only managed to reach 57th place on the chart.

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.

In 2015, Bulgaria has been ranked on the 55th spot in terms of competitiveness indicators, thus showing a slight improvement from last year's 56th spot.

The data has been released by the Yearbook of World Competitiveness, administered by the Swiss International Institute for Management Development (IMD).