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Determinants of Greek FDI Outflows in the Balkan Region: The Case of Greek Entrepreneurs in Bulgaria

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  • Aristidis Bitzenis

Abstract

This paper presents the specific motives behind Greek entrepreneurs' interests in FDI projects in Bulgaria, examining the obstacles that entrepreneurs and small to medium enterprises (SMEs) of Greek origin confronted in establishing FDI projects in Bulgaria in the transition period. Reasons for the great accumulation of Greek investors in the Balkan region, especially in Bulgaria, are analyzed, with special attention given to the difficulties in initiating multinational enterprises in a Balkan country such as Bulgaria. Finally, the paper examines whether the origin of an enterprise, the size of the firm, and the sector that each company belongs to played a role in the company's strategy to enter a Balkan country, and what the pros and cons of such a decision were.

Suggested Citation

  • Aristidis Bitzenis, 2006. "Determinants of Greek FDI Outflows in the Balkan Region: The Case of Greek Entrepreneurs in Bulgaria," Eastern European Economics, Taylor & Francis Journals, vol. 44(3), pages 79-96, May.
    • Handle: RePEc:mes:eaeuec:v:44:y:2006:i:3:p:79-96
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    Cited by:

    1. Eleftheria Koniari, 2016. "Determinants Of Greek Fdi Outflows In The Balkan Region The Case Of Greek Entrepreneurs In Bulgaria," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 12(1), pages 33-44.
    2. Claudiu Tiberiu Albulescu & Matei Tămăşilă, 2016. "Exploring the role of FDI in enhancing the entrepreneurial activity in Europe: a panel data analysis," International Entrepreneurship and Management Journal, Springer, vol. 12(3), pages 629-657, September.
    3. Mirel-Daniel Simionescu, 2017. "Determinants of Foreign Direct Investments in Bulgaria and Romania in the Context of Recent Economic Crisis," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(1), pages 68-72, March.
    4. Bitzenis, Aristidis & Tsitouras, Antonis & Vlachos, Vasileios A., 2009. "Decisive FDI obstacles as an explanatory reason for limited FDI inflows in an EMU member state: The case of Greece," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(4), pages 691-704, August.

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