The report comprises publicly available data and responses from business managers across 148 economies.
Romania scored best in the healthcare and primary education categories, where it received 5.5 out of 7 points, followed by the macroeconomic climate, with 5.1 points. The country ranks 47th worldwide in terms of macroeconomic stability and 84th based on the quality of medical services and basic education training.
At the opposite poll, Romania scored only 3 points in the area of innovation, ranking 97th worldwide, according to the 2013-2014 Global Competitiveness Report.
The most problematic factors for doing business in Romania include tax rates, widespread corruption, difficult access to financing, an inefficient government bureaucracy, policy instability and inflation.
Worldwide, Switzerland retained its position as the most competitive economy for the fifth year running, followed by Singapore, Finland, Germany and the US.