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News 20 Nov 12

Slovenia, Macedonia Top Forbes' Business Ranking in Balkans

Forbes magazine has rated Slovenia and Macedonia as the best countries in the Balkans in which to do business. Serbia is rated worst.

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Photo by: Julien Jorge

The US financial magazine in its annual list ranks Slovenia in 23rd position out of 141 analyzed countries worldwide. Macedonia is second in the Balkans, ranked in 37th place.

Montenegro is ranked 45th while Croatia is two places below in 47th place. Bulgaria takes 49th position and Romania is ranked in 60th place.

Greece, which is currently struggling with its debt crisis, takes 68th position. Albania, Bosnia and Herzegovina and Serbia are in 74th, 85th and 90th places respectively. The list does not include Kosovo.

Forbes scanned 141 countries on factors that include stock market performance, property rights, taxes, technology and innovation.

Globally, New Zealand topped Forbes annual list, followed by Denmark and Hong Kong.

The least business friendly countries on the planet, according to the magazine, are Zimbabwe, Venezuela and Guinea.

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