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Following a new analysis, EKN is now changing the country risk category of Belarus from 7 to 6, of Croatia from 5 to 4 and of Oman from 3 to 4. “We have seen many more upgrades than downgrades the last year. This shows that the economic boom is global,” says Stefan Karlsson, Head of EKN’s Risk Advisory Unit.

Iran has paid off its debts from the sanction years. The country is nearly free of debt. The oil price has gone up. And there is also healthy growth in sectors other than oil and gas. These factors reduce the risk of trading with Iran. “Iran is, therefore, being upgraded from country risk category 6 to category 5,” says Victor Carstenius, EKN’s country analyst for Iran.

The USA and President Trump indicating their intention to withdraw from the nuclear energy deal creates concern regarding the possibilities of trade with Iran. At the same time, Swedish exports to Iran continue to increase, and EKN is of the opinion that payments are working well enough for the country’s risk level to improve.