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Foreign Direct Investment in the Black Sea Area


  • Ioannis Glinavos

    (University of Kent at Canterbury)


The Black Sea is a region of vital interest to the foreign investor. This study examines the six countries that border it (Russia, Ukraine, Georgia, Turkey, Romania, Bulgaria) and presents the financial outlook and the foreign direct investment performance of each state. The main focus is on the analysis of the legislation related to the promotion and protection of investments. This is done with the aim of providing information about the opportunities and pitfalls of doing business in the area. The main conclusion is that the Black Sea presents great opportunities that remain largely unrealized. The reasons for this are mainly administrative barriers and the lack of legal certainty and enforcement.

Suggested Citation

  • Ioannis Glinavos, 2005. "Foreign Direct Investment in the Black Sea Area," Development and Comp Systems 0506007, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpdc:0506007
    Note: Type of Document - pdf; pages: 13. The legal framework for the protection of investment and economic opportunities in the countries bordering the Black Sea

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    More about this item


    Law; FDI; Russia; Black Sea; Investment; Growth; Development;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Economic Systems

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