Azerbaijan jumped up 7 spots in the World Economic Forum's (WEF) Global Competitiveness Report 2013-2014. The country now ranks 39thamong 148 economies in terms of competitiveness of economy improving from the last year's 46th place. The Index acknowledges once again that Azerbaijani economy is the most competitive in CIS followed by Kazakhstan (50th), Russia (64th), Georgia (72nd), Armenia (79th), Ukraine (84th), Moldova (89th) and Kyrgyz Republic (121st).

 Remarkable achievements highlighted in the report cover:

• Macroeconomic environment - 8th
• Hiring and firing practices - 8th
• Annual change of inflation - 1st
• Gross national savings - 10th
• General government debt - 13th
• Government procurement of advanced technologies - 14th
• Government budget balance - 15th
• Burden of government regulation - 21st
• Ration of women to men in labour force - 23rd
• Pay and productivity - 23rd
• Strength of investor protection - 25th
• Capacity for innovation - 35th