Among developing economies, Slovakia is the most attractive investment destination for the services sector according to this year's PricewaterhouseCoopers (PwC) EM20 Index report, which tracks investment risk in developing markets for both production and services, reported the TASR newswire.
PwC has updated its rankings because of rapidly changing conditions related to the financial and economic crisis. The importance of knowing the risk rate when investing, according to PwC, is even more important in this period of crisis than in a period of prosperity, wrote TASR.
“The most striking rank improvements in services sector have been recorded by Slovakia, China, and India. Slovakia and China, which now occupy first and seventh place, have recorded decreases in their risk surcharges, compared to many other developing markets,” Slovakia's Economy Ministry said on May 16, as quoted by TASR.
According to PwC, all countries assessed by PwC, with the exception of Chile and Slovakia, have lower recoverability of investment rankings than they had as recently as year ago.
The recoverability of investments has significantly decreased in many countries due to the impact of the economic crisis, which has been confirmed also by the results of the PwC survey. In last June’s PwC report, Slovakia, in terms of investment attractiveness in the services sector, was in sixth place among all developing markets.
Compiled by Zuzana Vilikovská from press reports
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