YEREVAN. – The Ministry of Economy will analyze the reasons for the drop in Armenia’s position in the World Economic Forum (WEF) global rankings, Economy Minister Karen Chshmarityan told reporters on Wednesday. 

He added, however, that this drop in Armenia’s ranking can be relative due to the improvement in the rankings of other countries.  

To the query as to whether Armenia’s low ranking in the free markets is an impediment, the minister responded: “Yes, there is such a problem.”   

Armenia was ranked 85th, dropping six spots, in the WEF 2014-2015 Global Competitiveness Report. In addition, Armenia was ranked 105th among 144 countries in the effectiveness of antitrust policy.