LIST OF COUNTRIES WITH POTENTIAL FOR INVESTMENT ANNOUNCED: ARMENIA NOT IN THE LIST

Panorama.am
15:40 14/11/2007

International Control Risks company has prepared a report, Risk Map
2008, where it announced the names of the countries where political
and safety risks are low and the foreign investors may freely make
investment.

BizNews.lv reports that foreign investors are most protected
in Denmark, Finland, Spain, Lichtenstein, Monaco, Norway and
Andorra. Political and security risks are assessed here as "trivial."

The level of risks is "rather low" in Baltic states, as well as many
other countries of Europe. In Russia, and also in Armenia, Azerbaijan,
Georgia, Tajikistan and Uzbekistan the political and security risks are
assessed as "rather high" in terms of foreign investment. Belarussia
is considered a country of high political risks.