Poland, Romania, the Czech Republic and Bulgaria were in 2007, in this order, the main beneficiaries of the foreign direct investment inflows (FDI) amid the 12 newly-entered member states in the European Union, announced on September 25 the United Nations representative to Romania, Jan Sorensen, at the launching of the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2008 (with data on 2007).
In 2007, foreign direct investment inflows to this group of states stood at 65 billion dollars, the same as in 2006, and Romania has attracted a FDI volume of 9.77 billion dollars.
The authors of this report included Romania in the community of developed states, as part of the EU. FDI influx to EU-27 was last year 43% higher than in 2006, attaining the level of 804 billion dollars, stressed Sorensen.
The Report notes that 6 of the 10 biggest mergers and acquisitions worldwide took place in the U, and at the chapter of transactions run by big state operators from the Community of Independent States (CIS) the transaction KazMunayGaz-Rompetrol is provided as an example.
As regards the prospects of FDI, Sorensen said that a slowdown in the economic growth is expected in western Europe and Japan, similar to the one in the USA.
“On the medium term, FDI growth prospects are uncertain due to the economic slowdown and difficult conditions on the markets of the developing countries. Reduced profits of the transnational corporations will make investment financing even more difficult, and the number of cross-border mergers and acquisitions is expected to go down.
Nevertheless, transnational corporations will also continue to express optimism versus the investments in the 12 newly-entered member states in the EU and pessimism in the case of the other European states and the other developed states, such as Japan, Australia and New Zealand”, UN representative to Romania concluded.