Credit rating company, Dun & Bradstreet has again classified Serbia as “a country with moderate business risk” and assigned it a stable rating.
Serbia was assigned the same rating as Croatia, Bulgaria, Hungary, Macedonia, Albania and Rumania. Slovenia is given a better rating since it is considered a country of a “mild risk”, while the only country in the region that has a lower rating than Serbia is Bosnia and Herzegovina which has been branded as “a high risk country”.
Dun & Bradstreet analysts have also pointed out to a rather poor rule of the law in Serbia.
“According to the corruption perception index (CPI) for 2016, determined by Transparency International, Serbia occupies only 72nd place, along with Burkina Faso and the Solomon Islands in terms of corruption”, the report states.
The report goes on to say that corruption and crime remain the biggest problem, especially cyber crime which is on the up. The report also says that Serbia’s long-standing feud with Kosovo could be edging towards solution.
“The new Serbian President, Aleksandar Vucic has launched an internal dialogue about the Serbian policy towards Kosovo and hinted that Serbia could recognize Kosovo’s independence”, D&B’s report states.
The report goes on to say that the Serbian Foreign Minister, Ivica Dacic suggested a partition of Kosovo according to which the Serbian enclaves in the north would become a part of Serbia in exchange for Serbia recognizing Kosovo’s independence.
Dun & Bradstreet is the oldest credit rating company in the world, established 175 years ago. In Serbia, it is represented by Bisnode.
(Nova Ekonomija, 02.10.2017)
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