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Colombia: Political risk: The collapse of a state tender for a national TV network license highlights the lack of transparency in Colombia’s media industry. :: Central African Republic: Security in the north has improved with the 2008 peace accord, but sporadic attacks and armed banditry are still a risk :: Gabon: Gabon's new president is likely to cement key alliances to ensure the opposition fails to challenge his position; pro-business reforms are likely :: Kenya: Despite political infighting and corruption scandals, efforts to ensure investor confidence are likely to reduce the risk of contract revision. :: US: The US will increasingly withdraw its troops from Iraq; however, troop increases in Afghanistan highlight new challenges for the future. :: Paraguay: Civil Unrest/Terrorism: Landless peasants and EPP guerrillas pose a growing threat to agribusinesses; kidnapping risks are also increasing. :: Romania: Political Risk: Energy sector consolidation is likely to increase risks of political interference and raise electricity prices. :: Bahrain: Political Risk: Gulf Finance House’s request to defer debt repayment is indicative of serious non-payment risks in Bahrain's wholesale banking sector. :: Pakistan: Terrorism: Increasing militant infiltration into Peshawar and the collusion of some security forces are increasing risks to NATO supplies in Pakistan. :: Venezuela: Political Risk/Civil Unrest: A power crisis is likely to get worse, posing risks of default on deliveries and civil unrest, particularly in Caracas. :: Israel/PA: War: The risk of war involving Hizbullah, Hamas and Israel, in which Hizbullah would likely attempt cross-border raids, is heightened in 2010. :: Myanmar: Political: Government reforms in the downstream fuel sector are likely to be superficial, with the state maintaining significant ability to intervene. :: Zimbabwe: Political Risk: Major foreign-owned banks and mining companies will face higher risk of expropriation under a new indigenisation law. :: India: Terrorism: Attacks are likely against the Commonwealth Games and IPL cricket tournament, but events are unlikely to be cancelled outright. :: Argentina: Political Risk: Argentina's strong objection to oil exploration in Falkland Islands waters poses contractual risks for oil firms and cargo vessels. :: Kazakhstan: Political Risk: Lack of agreement on Kazakh oil transit through Ukraine in 2010 creates non-delivery risks to Black Sea traders in February-March. :: Guinea: All Risks: Another coup is unlikely, but contract uncertainty will persist; in the northeast there is a risk of ethnic violence disrupting mining. :: Greece: Terrorism: Competition between left-wing militant groups is likely to result in attacks with larger devices and more daring locations. :: Iraq: Political Risk: Despite Kurdish moves to assure Baghdad of the transparency of its contracts, no resolution on payment for oil companies is likely. :: Somalia: Terrorism: The sinking of a pirate mother ship by NATO suggests a shift of focus to targeting pirates before they threaten merchant shipping. :: Venezuela: Political Risk: The Carabobo oil auction gives a template for future oil development contracts in the Orinoco Belt. :: Iran: Terrorism: The capture of Jundallah’s leader is likely a short term gain for Iran; a lasting reduction in attacks depends on Pakistani cooperation. :: Zimbabwe: Political Risk: Major foreign-owned banks and mining companies will face higher risk of expropriation under a new indigenisation law. :: Colombia: All Risks: The successor to Alvaro Uribe as president for 2010-14 is likely to maintain tough security and pro-business policies. :: Spain: Petrol and electricity substations are at risk of small-scale attacks by ETA supporters; larger assets are logistically more difficult to target :: Spain: The greatest risk of bombings is in the Basque country; Sunni extremists are likely to launch bomb attacks in public spaces in Madrid and Barcelona :: Spain: Violent protests resulting in asset damage are most likely in the Basque country; local strikes are likely against job cuts and plant closures