Following is the corrected news item:
"Croatia's rating on the 2004-2005 Global Competitiveness Report has deteriorated - according to the growth competitiveness index, the country dropped from last year's 61st to 53rd position. According to the business competitiveness index, it dropped from last year's 62nd to 67th position, a member of the National Competitiveness Council, Goran Radman, said presenting the latest report on competitiveness which covers 104 countries.
Croatia has seen a serious and worrying plunge, Radman said.
The country's rating calls for serious engagement of all, the employers, the unions and the government.
Croatia must invest more efforts if it wants to be an attractive country to its citizens and to investors, Radman said.
He said the Council would soon analyse the report and present its position on it.
Croatia has been listed for competitiveness over the past three years and every year its position deteriorated, while comparable countries which have made more significant changes than Croatia have overtaken us, Radman said.
Croatia's position has improved only is some aspects, including bureaucracy, inflation, corruption and infrastructure quality. However, there were more elements which deteriorated in comparison to last year, including loan availability, projected recession, inefficient government spending, judicial autonomy, professional training, innovation capacity, and technology absorption, he said.
Nordic countries continue to hold prominent positions among the first ten countries."