“Euromoney” ranked Israel in 40th place among 185 countries

According to“Euromoney”, Israel scored in total 68.2 points, out of the maximum 100, in the 2006 rankings. Israel is down two places
 
The “Euromoney” semi-annual country rankings which was published last week ranked Israel in the 40th place among 185 countries.
 
Compared to last ranking published early this year, Israel is down two places. The top ten countries in the “Euromoney” rankings are Luxembourg, Norway, Switzerland, Denmark, the US, Sweden, Finland, Ireland and Austria.
 
According to“Euromoney”, Israel scored in total 68.2 points, out of the maximum 100, in the 2006 rankings.
 
South Korea, the Czech Republic, Bahrain, Kuwait, Cyprus, the United Arab Emirates, Malta, Taiwan, Greece, Hong Kong, Solvenia, Portugal and Bermuda outranked Israel.
 
Israel, however, outranked Saudi Arabia, Chile, Poland, Slovakia, Barbados, Oman, Mexico and Latvia.
 
“Euromoney” ranked Israel 5th among Middle Eastern countries.The downgrading of the Israeli economy was largely due to the fact that Israel scored low points in the political risk category, due to the second Lebanon war, receiving 16 points out of a maximum 25 points.
 
Israel’s economic performance also received a low score: 12 points out of a possible 25 points. Israel, however, scored very highly in the debt indicators, debt in default or rescheduled debt, and credit ratings categories, receiving an aggregate 27.3 points out of a possible 30 points.