Talk of a crisis is overblown, but the world’s most populous nation is still struggling to convince the experts, as its risk score declines.

The sovereign is still high risk, but is improving in Euromoney’s country risk survey, underpinned by the recent election results.

The sovereign improved last year, but experts have doubts over its economic prospects, and there are political risks from possible snap elections in the summer.

Ljubljana is a happier place these days, overcoming the banking and political crisis weighing on its prospects. Investors should take note: Slovenia is one of several smaller European countries making a comeback.