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Hungary 6th riskiest for investment

According to the latest report of the Economist Intelligence Unit, Hungary placed 6th among emerging markets on the global sovereign risk assessment survey. The risk indicator ranges from 0-100%, a higher percentage indicating the likelihood of a default on securities. The leading country in the emerging markets group is Indonesia with 60%. Hungary is also in the 50-60% range and is only preceded by Argentina, Pakistan, The Philippines, and Turkey. Poland, which is the next Central Eastern European country to follow with about a 40% index, is nearly 10 places behind Hungary, whereas the Czech Republic is not among the first 20 countries. Worldwide, Iraq unsurprisingly tops the list with a 90% sovereign risk, and Sweden is considered to be the safest country overall. (NG)