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Monthly Report No. 11/2021 - FDI in Central, East and Southeast Europe


  • Gabor Hunya

    (The Vienna Institute for International Economic Studies, wiiw)

  • Branimir Jovanović

    (The Vienna Institute for International Economic Studies, wiiw)


​This issue of the wiiw Monthly Report replaces our earlier series of the wiiw FDI Report. FDI in Central, East and Southeast Europe Chart of the month Austrian greenfield investments in CESEE defy the COVID-19 crisis by Gábor Hunya Fragile post-COVID FDI bounce-back in CESEE by Gábor Hunya Foreign direct investment (FDI) inflows and greenfield investment commitments have experienced a COVID-related boom-bust-boom cycle over the past two years. But the resurgence in greenfield investment commitments has been less robust than that in FDI inflows, and this recovery has not reached all CESEE regions. FDI in manufacturing has declined somewhat, while commitments to ICT investments in producer-related business services have been on the rise. Investor confidence is expected to remain volatile in the months to come, but large investments are needed in technological upgrading, greening and automation. Are we already seeing some near-shoring to the Western Balkans? by Branimir Jovanović Inflows of foreign direct investment to the Western Balkans grew by 20% year on year in the first half of 2021, exceeding the level of two years ago. Most of this increase was investment that was postponed during the early stages of the pandemic, but part of it may also be attributable to post-pandemic near-shoring, especially in Bosnia and Herzegovina, Montenegro and Kosovo. Monthly and quarterly statistics for Central, East and Southeast Europe

Suggested Citation

  • Gabor Hunya & Branimir Jovanović, 2021. "Monthly Report No. 11/2021 - FDI in Central, East and Southeast Europe," wiiw Monthly Reports 2021-11, The Vienna Institute for International Economic Studies, wiiw.
  • Handle: RePEc:wii:mpaper:mr:2021-11

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    FDI inflows; FDI stocks; greenfield investments; COVID-19; FDI by economic sector; greenfield FDI; supply chain disruptions; near-shoring;
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