The World Economic Forum published the new Global Competitiveness Report. Romania is up four positions against last year, from 68 to 64. The report is based on last year's statistics and the statements given by managers in each considered country for another survey carried out in the beginning of the current year. Read here where Romania scored best.

#5 Governmental debts

Romania has a small governmental debt - 21.6% of the GDP (2008), which positions the country on the 33rd position out of 133 states. This debt will increase significantly this year because Romania is borrowing heavily to pay incomes and pensions. The current rank is not owned to the post 1989 political class, but, ironically, to former dictator Ceausescu, who cleared the country of all debt by the summer of 1989.

#4 Education quality

Regarding exact subjects - Maths and the sciences - Romania ranks 29. Its general academic system ranks 52.

Romania's got two major problems:

1. Despite the fact that the system produces graduates with an education above the mean, the authorities are failing to create conditions for them to stay in the country. Romania ranks 102 when it comes to hold on to talented people. In other words, the Government pays for specialists' formation, but other countries take the benefits.

2. The education system is under-financed if we look at the Education GDP share, placing Romania on the 91st position in this sense.

#3 The power of law to protect the creditors and debtors' rights

Romania ranks 18 in this matter. But the banking system is considered weak and the complexity level of the financial markets is reduced. When comparing the interests for credits and deposits, Romania ranks 63, with a 5.3% mean difference. Hungary takes the first position with 0.3% and, if we exclude Zimbabwe, Brazil