login
Euromoney CountryRisk logo
  • Global Risk Table
  • Countries
  • Analysis
  • About Us
    • About ECR
    • Methodology
    • FAQS
    • Become an Expert
  • Contact Us

Eurozone’s problems still troubling eastern neighbours

Jeremy Weltman Thursday, October 04, 2012

Eleven of the 18 sovereigns in Central and Eastern Europe became riskier in Q3 2012; notable exceptions are the Baltic climbers.

Several distinct patterns have become evident across Central and Eastern Europe during the third quarter.

First, economists have downgraded the indebted eurozone states along with other EU and non-EU countries with close trade and capital links to the single currency area – including Poland, Romania and the Czech Republic. Growth prospects have worsened and this is not helping fiscal budgeting.

Second, experts have upgraded all three Baltic states – Estonia, Latvia and Lithuania – where economic and financial connections to safe-haven Sweden are helping. Swedish banks have a strong foothold in the region, and there are also fewer of the economic concerns regarding growth and public finances that are apparent in other parts of Europe due to better economic management.

Third, Turkey, one of the region’s main investment attractions, has become safer, rising by 2.4 points this quarter, in spite of the border security problems caused by Syria’s conflict. All three measures of its risk profile – economic, political and structural – have improved this year, and the sovereign has climbed eight places in the rankings since Q2 2012, to 47. Turkey’s 109-place jump in the rankings since the survey began 20 years ago is the most of any of ECR’s 186 surveyed countries.

Recent articles

  • ECR survey results Q3 2022: Political risk is heightened by conflict, inflation and tightening financial conditions

  • ECR survey results Q2 2022: Covid, war and stagflation risks perplex investors

  • ECR survey results Q4 2021: EMs on back-foot as the year ends

  • ECR survey results Q3 2021: CEE shines but Brazil, Nigeria and other EMs recoil from global investing roadblocks

Euromoney CountryRisk logo

The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our  Terms & Conditions ,  Privacy Policy and Cookies before using this site.


All material is subject to strictly enforced copyright laws. Euromoney Country Risk is part of the Delinian Group Delinian Limited 8 Bouverie Street London EC4Y 8AX Registered in England and Wales, Company number 00954730 Copyright © Delinian Limited and its affiliated companies 2023

  • Methodology
  • FAQs
  • Articles
  • Contact us
  • Modern Slavery Act Transparency Statement