Gábor Hunya () (The Vienna Institute for International Economic Studies, wiiw) Monika Schwarzhappel () (The Vienna Institute for International Economic Studies, wiiw)
Abstract
FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shift of new investments to the East continued: a decline or at best stagnation was recorded in the NMS, modest growth in Southeast Europe, and a boom in the CIS. For the first time, the four European CIS countries received more FDI than the NMS-10, which was mainly due to the continuing investment boom in Russia. In the NMS the stock of FDI is shifting from manufacturing to services, first of all to real estate and other business activities. The current account impact of FDI in connection with the investment development path is investigated in a special section. FDI inflows to the CEECs will face a setback in 2008. This expectation is confirmed by preliminary first-quarter data. Lower FDI flows to CEECs have to do with the global financial turbulence, the declining rate of economic growth in Europe and also with home-made problems and cyclical events in some of the countries. The analysis is followed by two sets of tables: Tables I contain total flow and stock data according to the respective countries' National Banks while Tables II provide more detailed FDI data by economic activities and by countries. The main source of data are the National Banks of the individual Central, East and Southeast European countries. FDI flows are taken from the balance of payments, stocks from the international investment position statistics.
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ReDIF This book is provided by The Vienna Institute for International Economic Studies, wiiw in its series Books with number
fdi:2008:06 and published in 2008.
Find related papers by JEL classification: C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population