For the fourth time, Forbes Magazine has rolled out its annual Best
Countries for Business ranking. And for the second consecutive year
Denmark has taken the No. 1 position in a Forbes report.
India|April'2009: Topping the list of the Best Countries for
Business is Denmark (1), following the USA (2), Canada (3), Singapore (4),
New Zealand (5), the United Kingdom (6), Sweden (7), Australia (8), Hong
Kong (9) and Norway (10).
The report looks at business conditions in more than 120 economies, and
Denmark was strongest in all aspects, with a mix of low inflation and low
unemployment, emphasis on entrepreneurship and lower taxes. These
qualities combined with high marks for innovation and technological savvy
lift Denmark to the top in Forbes’ ranking of Best Countries for Business.
Forbes' Best Countries for Business ranking recognizes the importance of
personal freedoms, and includes measures to quantify this such as free and
fair elections, as well as legal protection for investors, levels of
corruption, stock market performance, intellectual property rights,
promotion of free trade, levels of inflation and taxation on income and
investment.
EIU backs up
Also, for four years in a row, the Economist Intelligence Unit (EIU) in
the UK has voted Denmark ”the best place in the world to do business” in
their annual analysis of the global business climate.
The EIU analysis is based on feedback from approximately 650 analysts and
is considered the most in-depth analysis of its kind. The EIU ranks the
most efficient countries for companies to conduct business in the next
five years. And last year Denmark had improved its leading position,
taking first place in seven out of ten categories.
“We are very pleased with the conclusion from both Forbes and the EIU.
When such a coveted title is awarded to Denmark year after year, it proves
that we can provide exceptional conditions for both companies and
employees,” says managing director, Steen Donner at Copenhagen Capacity,
the Danish Capital Region´s official inward investment agency.
“Indian companies keen on a European footprint are exploring the exciting
options available in Copenhagen, Denmark,” says, Sooraj Dhawan, India
Representative, Copenhagen Capacity. “This re-endorsement from Forbes
shall help them take decisions on a faster basis,” added, Sooraj Dhawan.
Reachout's News Bureau
April' 2009
