It could be the perfect storm – financial, macroeconomic and geopolitical risk are all on the rise. Risk is both where you anticipate it, and where you least expect it.  But according to analysts taking part in Euromoney’s semi-annual survey of country risk, the places getting safer are those riding the oil boom or at last exploiting the vast potential of their people and their economies.
The Middle East, despite its political dilemmas, remains on a steady upward path. And it’s no surprise to see Brazil, Russia, India and China rising up the ranks. For a safe haven, the traditional destinations of Luxembourg, Switzerland and the Nordic region remain unbeatable. Our next survey, to be published in March 2009, will show the impact of a new US president, unrest in the Caucasus, the government bail-out of Fannie Mae and Freddie Mac, and other shocks as yet unknown. |
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| Full results | Methodology |
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Regional breakdown |
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| Western Europe | North America |
| Middle East | Latin America |
| Eastern Europe | Caribbean |
| Australasia | Asia |
| Africa | |
<>
| Eastern Europe | |||||
| Corruption | Country | Corruption | Overall | Sept ‘07 | Diff in |
| adjusted | adjusted | risk | global risk | rank | |
| rank | score (100) | score (100) | rank | with CPI | |
| 24 | Slovenia | 86.25 | 82.94 | 26.00 | 2 |
| 36 | Czech Republic | 77.97 | 73.14 | 38.00 | 2 |
| 39 | Slovak Republic | 76.36 | 71.38 | 39.00 | 0 |
| 43 | Poland | 74.70 | 69.89 | 43.00 | 0 |
| 48 | Estonia | 70.35 | 66.70 | 47.00 | –1 |
| 50 | Hungary | 69.48 | 66.43 | 48.00 | –2 |
| 49 | Lithuania | 69.66 | 64.84 | 52.00 | 3 |
| 52 | Russia | 67.91 | 63.06 | 53.00 | 1 |
| 58 | Croatia | 62.49 | 58.73 | 57.00 | –1 |
| 57 | Romania | 62.83 | 58.33 | 58.00 | 1 |
| 62 | Latvia | 61.54 | 58.28 | 59.00 | –3 |
| 59 | Bulgaria | 62.49 | 57.64 | 62.00 | 3 |
| 69 | Azerbaijan | 58.96 | 53.20 | 71.00 | 2 |
| 78 | Macedonia (FYR) | 52.81 | 48.33 | 80.00 | 2 |
| 81 | Ukraine | 51.81 | 47.84 | 81.00 | 0 |
| 85 | Albania | 49.84 | 46.01 | 84.00 | –1 |
| 82 | Armenia | 50.63 | 45.12 | 85.00 | 3 |
| 83 | Georgia | 50.49 | 44.61 | 88.00 | 5 |
| 94 | Belarus | 47.22 | 42.76 | 95.00 | 1 |
| 99 | Montenegro | 46.19 | 42.27 | 98.00 | –1 |
| 103 | Bosnia–Herzegovina | 44.40 | 40.91 | 106.00 | 3 |
| 124 | Serbia | 39.89 | 36.55 | 126.00 | 2 |
| 126 | Moldova | 39.72 | 36.52 | 128.00 | 2 |
