Forbes: The best countries for business

Forbes magazine has ranked Georgia among the top 50 countries in the world for doing business.

Georgia ranked in 47^thplace of 146 countries and was noted for its high ranking in trade freedom (sixth) and red tape (fifth).

Denmark returned to top spot – something it enjoyed for three straight years between 2008 and 2010. Hong Kong ranked second and New Zealand placed third.

The Forbes Best Countries for Business report ranked the 146 countries according to eleven factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.

Forbes' Best Countries for Business:

1. Denmark 2. Hong Kong 3. New Zealand 4. Ireland 5. Sweden 6. Canada 7. Norway 8. Singapore 9. Switzerland 10. Finland