E-Book Overview
This 8th edition of The Handbook of Country Risk is an invaluable resource both for companies developing international trade and for entrepreneurs and their advisors concerned with international investment. Compiled by Coface the world's number one in insurable trading risks, this authoritative reference source provides up-to-date analysis of the risks involved in trading with or investing in 152 countries, giving each one a unique risk rating. For finance departments, the handbook crucially assesses the likelihood of payment default. And for business developers and would-be investors, it weighs the risks and opportunities in markets.
E-Book Content
THE HANDBOOK OF
COUNTRY RISK 2006–2007
A Guide to International Business and Trade
Publisher’s note Every possible effort has been made to ensure that the information contained in this publication is accurate at the time of going to press and neither the publishers nor any of the authors, editors, contributors or sponsors can accept responsibility for any errors or omissions, however caused. No responsibility for loss or damage occasioned to any person acting, or refraining from action, as a result of the material in this publication can be accepted by the editors, authors, the publisher or any of the contributors or sponsors. Users and readers of this publication may copy or download portions of the material herein for personal use, and may include portions of this material in internal reports and/or reports to customers, and on an occasional and infrequent basis individual articles from the material, provided that such articles (or portions of articles) are attributed to this publication by name, the individual contributor of the portion used and GMB Publishing Ltd. Users and readers of this publication shall not reproduce, distribute, display, sell, publish, broadcast, repurpose, or circulate the material to any third party, or create new collective works for resale or for redistribution to servers or lists, or reuse any copyrighted component of this work in other works, without the prior written permission of GMB Publishing Ltd. GMB Publishing Ltd. 120 Pentonville Road London N1 9JN United Kingdom www.globalmarketbriefings.com This edition first published 2006 by GMB Publishing Ltd. © GMB Publishing Ltd. and Contributors Hardcopy ISBN 1-846730-12-0
E-book ISBN 1-846730-13-9
British Library Cataloguing in Publication Data A CIP record for this book is available from the British Library
Contents
■ ACKNOWLEDGEMENTS .........vi ■ FOREWORD ..................................vii 2006: The Year of Squeezed Margins François David, Chairman, Coface
■ INTRODUCTION .........................ix The Outlook for 2006–2007 Jonathan Reuvid, Senior Editor, GMB Publishing
■ THE @RATING SYSTEM .......xviii ■ COUNTRY @RATING DEFINITIONS ...............................xix
■ SECTORAL OVERVIEW ...........xxi Sylvia Greisman, Dominique Fruchter and Caroline Dupuis, Coface Country Risk and Economic Studies Department, Paris
■ OUTLOOK FOR 2006.............xxx
Strong Growth but Risks in Euro Zone Experts from Oxford Analytica, Oxford
■ EUROPE AND THE CIS
Growth in Euro Zone Set to Remain Poor ...................................2 Experts from Oxford Analytica, Oxford
Russian Oil Slowdown Set to Spread...................................5 Experts from Oxford Analytica, London
The Range of Country @ratings in Europe and the CIS ...............................................8 Sylvia Greisman, Jean-Louis Daudier, Dominique Fruchter, Caroline Dupuis and Olivier Oechslin, Coface Country Risk and Economic Studies Department, Paris Albania .................................................13 Armenia ...............................................14 Austria ......................