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Determinants Of Greek Fdi Outflows In The Balkan Region The Case Of Greek Entrepreneurs In Bulgaria

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  • ELEFTHERIA KONIARI

    (SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD)

Abstract

Greece and Bulgaria have had trade relations for centuries, mainly because of their geographic proximity, cultural closeness, similar Balkan business mentality, and common religious beliefs. The people of Bulgaria have always admired Greek traders. That the two countries were historically related in the Byzantine and Ottoman empires brought them even closer. The communist regime and the cold war between Eastern Europe and Western countries deactivated relations, but after the fall of communism, trade recovered significantly, and the two countries are currently on very good terms. There are many more reasons why Greek small and medium enterprises (SMEs) and large firms are so economically active and welcome in Bulgaria, as well as in other southeast European countries (SEECs) such as Albania, Former Yugoslav Republic of Macedonia (FYROM), Serbia and Montenegro, and Romania. Greece is a member of the European Union and the Economic and Monetary Union (EMU).

Suggested Citation

  • 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.
    • Handle: RePEc:neo:journl:v:12:y:2016:i:1:p:33-44
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    References listed on IDEAS

    as
    1. Aristidis Bitzenis, 2003. "What Was Behind the Delay in the Bulgarian Privatization Process? : Determining Incentives and Barriers of Privatization as a Way of Foreign Entry," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 39(5), pages 58-82, September.
    2. Aristidis Bitzenis, 2003. "Did financial incentives affect Foreign Direct Investment (FDI) inflows in Bulgaria?," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 1(1), pages 65-84.
    3. Aristidis Bitzenis, 2006. "Decisive FDI barriers that affect multinationals' business in a transition country," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 8(1/2), pages 87-118.
    4. Aristidis Bitzenis, 2004. "Explanatory Variables for Low Western Investment Interest in Bulgaria," Eastern European Economics, Taylor & Francis Journals, vol. 42(6), pages 5-38, November.
    5. 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.
    6. Aristidis Bitzenis, 2004. "Why foreign banks are entering transition economies: the case of Bulgaria," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 6(1), pages 107-133.
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