Bulgaria ranks seventy-first in the list of the world's "most networked" economies, according to the the latest survey by the World Economic Forum (WEF), released on Thursday.

Bulgaria is preceded by Turkey and Egypt and comes ahead of Sri Lanka and Macedonia.

Sweden, Singapore and Denmark top the ranking.

According to the 2009-2010 study, a good network enables economic progress, and top countries were seeing their information and communication technology (ICT) acting as catalysts for sustainable growth.

The three leading countries all built their capacity on a "long-standing focus placed by governments and private sector alike on education, innovation and ICT access and diffusion," CPA WEF economist Irene Mia said, as cited by DPA.

ICT would help increase development and competitiveness, the WEF said.

Switzerland occupied the fourth position, moving up a notch, while the United States was ranked fifth, falling two spots from last year's list.

Hong Kong moved up four spots to place eighth, but Iceland dropped out of the top 10.

Finland, Canada, the Netherlands and Norway closed the top rankings.

In total, 133 countries were reviewed in the study.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!