Analytics, Baltic States – CIS, Business, EU – Baltic States, Markets and Companies, Rating

In 2011, Latvia was ranked 28th.

The most favorable conditions for business are in Hong Kong, the United States, Japan, the Netherlands, Germany, Australia, Canada, Singapore, Denmark and Great Britain.

Again, the so-called BRIC countries make a relatively poor showing. China drops to 24th place from 19th last year. India, Russia and Brazil don't even clear the top 50, ranking Nos. 54, 56 and 61, respectively.

Bloomberg Rankings measured 161 countries on a scale of zero to 100 percent based on six factors – the costs of setting up business, hiring and moving goods; the degree of economic integration; less tangible costs such as inflation and corruption; and the readiness of the local consumer base, a category that includes the size of the middle class, household consumption and gross domestic product per person.