Slovenia deemed 'safest' country in Eastern Europe for Israeli investment

By MATTHEW KRIEGER
November 1, 2007 21:02

Meanwhile, Poland, a country which suffered under a Communist regime, also received a "low-risk" ranking.

1 minute read.



While Israelis who invest in Eastern European countries tend to concentrate their money in Russia, Ukraine, Poland and Romania, they may want to reconsider where they put their capital, after research company Dun & Bradstreet reported in its their International Risk Review that Slovenia presents the least risk to investors. The International Risk Review, which considers both economic and political factors when assessing a particular country's risk level, said Slovenia's strengthening economy has made it increasingly more stable over the last number of years. Lev Leviev, CEO of Africa Israel, and Eliezer Fishman, CEO of Jerusalem Economic Corporation, have led the Israeli charge into Eastern Europe, as the two have bought up numerous pieces of expensive real estate in the area. Meanwhile, Poland, a country which suffered under a Communist regime, also received a "low-risk" ranking. "Poland has become much more of a stable country since it became democratic and today it has a very low risk factor," the report said, noting that the country has enjoyed a number of high-profile Israeli investments over the last few years, led by real estate company Kardan's Polish subsidiary, GTC. Estonia, Slovakia, Hungary, the Czech Republic and Latvia, the risk review said, also fall under the "low-risk" heading, while Romania, a country that Israeli real estate companies have heavily invested in over the last few years, was assigned a "moderate" risk factor. Former USSR countries, said the report, present a significant hazard to investors, as Kazakhstan, Georgia, Ukraine and Russia were deemed to be "high-risk," while Belarus, Uzbekistan and Turkmenistan were slapped with the "very high risk" label.


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