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October 28, 2020
BUSINESS

Romania is 63rd among most attractive countries for top professionals



Romania is 63rd in a 103-nation competitiveness table in what concerns the training and attracting of top professionals and the development of talent on the labor market, being outranked by countries such as Bulgaria, Kazakhstan, Lebanon and Azerbaijan. Romania’s competitiveness for valuable labour force was evaluated based on approximately 70 criteria concerning the business environment and regulations, the economy’s openness, immigrants and minorities, education, social protection, quality of life, health, productivity, the presence of highly trained professional, innovation, a report authored by the Insead business school, the Human Capital Leadership Institute in Singapore and Adecco shows. Romania is first in the world in what concerns women’s access to the labour market and is second in the world in what concerns the setting up of a foreign business. On the other hand, taxes drag Romania downwards in what concerns the labour force’s competitiveness. Thus, Romania is last but one in the world when it comes to the taxation’s extent and effect on employees. At the same time, Romania is not really attractive for foreign professionals, being 91st out of 103 countries. Switzerland tops the table and is first in all categories compared to the other developed economies. Austria is the best-ranking country from Central and Eastern Europe, being 14th in the table.

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