sentences:  In the 2020 report of Index of Economic Freedom by Heritage Foundation, Armenia is classified as "mostly free" and ranks 34th, improving by 13 positions and ahead of all other Eurasian Economic Union countries and many EU countries including Cyprus, Bulgaria, Romania, Poland, Belgium, Spain, France, Portugal and Italy.In the 2019 report (data for 2017) of Economic Freedom of the World published by Fraser Institute Armenia ranks 27th (classified most free) out of 162 economies.In the 2019 report of Global Competitiveness Index Armenia ranks 69th out of 141 economies.