COUNTRY RISK ASSESSMENT BASED ON MULTIMOORA

Country risk analysis (CRA) attempts to identify the potential for different type of risks arising from a variety of national differences in policies, geography, economic structures, socio-political institutions and currencies. This paper proposes the analysis on country risk assessment in Baltic States during 1999-2009 periods. Investigations and calculations of rankings for country risk were made and the results optimized by implementing MOORA (Multi-Objective Optimization by Ratio analysis) and MULTIMOORA (MOORA plus Full Multiplicative Form) methods. Starting with a system of 3 alternative responses on 12 objectives (indicators), several approaches come to unambiguous results, which could be engaged in the process of creating new strategies for country risk assessment for Baltic States.