Greece, Spain riskier than Syria, Libya, Egypt in BDO survey

Investing in Greece is seen as riskier than investing in Libya or Syria, while Spain is deemed riskier than Egypt, according to the latest annual BDO Ambition Survey of CFOs, financial directors and other heads of finance.

The results are based on 1,050 interviews conducted across 14 countries, looking to find out what overseas growth ambitions companies have.

The survey found that a clear majority, 66%, are investing in what they perceive as “safe haven” markets, rather than riskier markets. This includes the BRICs, US, UK, and Germany.

In contrast, the Survey identified Spain, Greece, Libya, Nigeria, Egypt, Syria, Iraq, Iran and Yemen as risk hotspots.

Some 45% of those interviewed said they already were or had plans to invest in the BRICs, which are now deemed to be established rather than emerging markets. China, the US, Brazil, India and Germany were the most popular investment destinations.

But for parts of what would traditionally be called the developed world, the story is less sanguine: Spain is deemed risker than Egypt, and Greece riskier than Libya and Syria.

France and Japan also fell sharply in the ranking of most interesting place in which to invest. France fell from seventh place in 2011, to 13th. Japan fell from 17th to 27th. BDO said in its summary that “cultural and language issues are seen as barriers to success in both markets.”

Overall, the Survey found that currency fluctuations and geopolitical risks have replaced red tape and bureaucracy as the main threats to successful expansion into other markets.

To read the full survey click here: http://www.bdointernational.com/AmbitionSurvey2012/Documents/BDO%20Ambition%20Survey%202012%20Global%20Opportunities%20Full%20report.pdf

 

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