Out of 132 countries in the world, Serbia ranks 76 for business risk

Solvency company "Dun and Bradstreet" (D&B) assigned Serbia 76th position out of 132 countries when it comes to business risk with a note of stability of rating trend.

Serbia was assigned by DB5 rating which means that business is highly-risky and that uncertainty can be expected when it comes to return on investment, D&B announced in its April publication.

- Risk of strike and demonstration in the next period is on the increase where the Government of Serbia will continue to decrease public consumption, deliver layoffs and privatize state-owned companies - D&B is explaining the reasons why Serbia is ranked among the countries with high business risk.

In East Europe region, Serbia ranks 14 while the top goes to Slovenia and Estonia and Belarus, Kirgizstan and Tajikistan rank the last.

When it comes to neighboring countries, better ranked than Serbia is Slovenia and Croatia (sharing 7th and 8 position with rating DB3), Bulgaria, Macedonia, Romania, Albania and Hungary follow while Bosnia and Herzegovina have worse rating than Serbia (DB6).

When it comes to European countries, DB5 comprises Greece, Cyprus, Azerbaijan and Georgia, , D&B reports.

Solvency agency is forecasting for Serbia this year a slight fall of GDP of 0,2%, while in 2016, GDP growth of 1,1%, is expected and in 2017 an increase of 2%, 3,1% in 2018 up to 3,7% in 2019.

Forecasts also show a fall of unemployment rate from last year’s 23%, to 22,5% this year, up to 17% in 2019.

Companies are advised to limit risk exposure by choosing only transitions with expected high yield.

Rating assigned by D&B to a country shows risk of business environment in the country and provides information on payment efficiency abroad as well as remunerative level of potential investments. Rating is supplemented with trend which shows stability, improvements of deterioration of risk.