Romania scored poorly at several categories: tax regime (104), innovation (104) and monetary freedom (90).

Corruption, red tape and market performance are also among the country’s weak points. Romania is better scored when it comes to trade freedom and the protection of investors.

In Forbes’ 2008 list of the best countries for business, Romania was ranked 40th.

New Zealand ranks first in Forbes’2012 top, up from number 2 last year. It is followed by Denmark, Hong Kong, Singapore, Canada, Ireland, Sweden, Norway, Finland and the United Kingdom.

The United States rank 12th, down from the 10th spot last year. France comes in at number 20 and is followed by Germany (21).

Cameroon, Venezuela, Zimbabwe, Chad and Guinea are the least attractive countries for investors.