TABLE-MIG risk ratings for investors in Europe

TABLE-MIG risk ratings for investors in Europe

LONDON, May 19 (Reuters) – The following table gives a rating of the
risk factors that cause businesses investing in the markets of Europe
and the former Soviet Union to underperform or fail, as devised by
strategic risk consultancy, Merchant International Group.

MIG’s Grey Area Dynamics (GAD) concept was created in 1994 as
an alternative to traditional forms of country risk analysis.
GAD indicators cover 10 risk factors, with up to 10 marks awarded to
each category which cover a range of political, trade and business
risks. The higher the score, the higher the risk to investment.

The ratings are compiled quarterly from intelligence gathered and
analysed by MIG.

Detailed figures on the underlying data analysed by MIG is available
from the firm at

Armenia 72.5
Austria 51.5
Azerbaijan 75.5
Belarus 83
Belgium 39.5
Bosnia – Herzegovina 74.5
Bulgaria 65
Croatia 66.5
Czech Republic 62
Denmark 35.5
Estonia 41
Finland 29.5
France 58
Georgia 79
Germany 52
Greece 59.5
Hungary 58.5
Iceland 31
Ireland 49
Italy 61
Kazakhstan 73
Kyrgyzstan 67.5
Latvia 54
Lithuania 50.5
Luxembourg 31.5
Macedonia 69.5
Malta 38.5
Moldova 77
Netherlands 47.5
Norway 35
Poland 66
Portugal 51
Romania 67
Russia 80
Serbia and Montenegro 72
Slovakia 59.5
Slovenia 46
Spain 59.5
Sweden 35
Switzerland 41.5
Tajikistan 75
Turkmenistan 75.5
UK 50
Ukraine 75.5
Uzbekistan 81

05/19/05 18:41 ET

www.merchantinternational.com