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- World Investment Report 1998
- Chapter
Central and Eastern Europe
- Author: United Nations Conference on Trade and Development
- Main Title: World Investment Report 1998 , pp 271-291
- Publication Date: December 1998
- DOI: https://doi.org/10.18356/6f4d8961-en
- Language: English
The basic FDI trend in Central and Eastern Europe resumed its upward growth in 1997 after a decline in 1996. The trend was uneven, with twelve countries showing growth and five showing declines, with neither group homogenous in terms of progress in transition. With the exception of the Russian Federation, most of the FDI growth occurred in the secondary and tertiary sectors. The Russian Federation emerged as the leader in attracting FDI for the first time, mainly on account of the interest of investors in its natural resources and its infrastructure potential in basic telecommunications. The relation between FDI growth and GDP growth continued to be weak, with causal links apparently extending both ways in different circumstances. Finally, outward FDI from Central and Eastern Europe showed significant growth, with the Russian Federation again taking the lead, but outward FDI stocks remained very low in comparison with inward stocks.
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