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A little over than a month ago, we looked into the competitiveness of Russia and central and eastern European countries on the global scale in this article based on The Global Competitive Index 2010-2011  researched by World Economic Forum.

The new version of the report came out in September 2011. Here are the results.

In the Global Competitiveness Index, Estonia maintains the leadership (position 33) while Bosnia and Herzigovina remains the last country from the central and eastern Europe (position 100).

Moldova remains the only country from the CEE region with the least innovation and factor-driven economy. This group which also includes Vietnam and Ethiopia, competes mainly on price by utilizing its vast unskilled labor resources.

In transition to efficiency-driven stage are Armenia, Georgia and Ukraine.

Efficiency-driven economies include those of Albania, Bosnia and Herzigovina, Bulgaria, Macedonia FYR, Montenegro, Romania and Serbia.

Russia is the only country to move up the development curve in Eastern European region. This country also shares the position with Croatia, Estonia, Hungary, Latvia, Lithuania, Poland and Slovak Republic in a transition stage to become innovation-driven economies.

Czech Republic and Slovenia remain the only countries from the Eastern Europe in the innovation-driven stage of development.