EU10, Bulgaria See Staggering Decline of Foreign Investments in 2009

Business | June 9, 2009, Tuesday // 19:07
Bulgaria: EU10, Bulgaria See Staggering Decline of Foreign Investments in 2009 EU10 is seeing a 50% FDI decline in 2009, according to the Vienna Institute of International Economic Studies. Map by icegec.hu

The foreign direct investments in the ten Eastern European EU member-states (EU10), including Bulgaria, are going to drop by over 50% in 2009.

The prognosis belongs to the Vienna Institute for International Economic Studies (WIIW), as cited by BGNES.

The EU10 foreign direct investments will drop from EUR 44,86 B in 2009 to EUR 20 B in 2009, according to the WIIW, which also points out that the different Eastern EU states saw their foreign investments declined between 20% and 80% in the first quarter of 2009.

The WIIW points out that the EU10 foreign investments already declined by a total of 9% in 2008, with only Romania and Slovenia registering growth.

Poland, Bulgaria and the Baltic states has suffered the worst effects of the decline of foreign investments caused by the global financial and economic crisis.

According to the WIIW, foreign investments in 2009 must be concentrated on smaller projects, mostly in the services and renewable energy sources sector instead of large industrial and banking enterprises.

 

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Tags: foreign investments, EU10, decline, FDI

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