| FOREIGN DIRECT INVESTMENT COMPARISON 2000-2006
Foreign
Direct Investment Data 2000-2006 - EUR Millions
| Country |
2000 |
2001 |
2002 |
2003 |
2004 |
Total since 2000 |
2005 |
2006 | |
Bulgaria | 1,086
| 896
| 926
| 1,234
| 1,500
| 5,642
| 2,000
| 2,000
| | Hungary |
1,785 | 810
| 891 |
2,320 | 2,500
| 8,306 |
2,800 | 2,500
| | Romania |
1,812 | 1,312
| 1,194 |
1,590 | 3,500
| 9,408 |
3,000 | 3,000
| | Czech Republic
| 4,979 |
6,114 |
9,791 |
2,090 |
3,650 |
26,624 |
5,900 |
4,900 | Source: Creditanstalt
/ Bank Austria - http://economicresearch-e.ba-ca.com Romania
FDI in 5 year period - 2000-2004 exceeds Hungary by €1.1 billion. Romania
economic engine accelerated hard in 2004 with a 120% jump in Foreign direct investment
in 2004. Major multinational companies that are establishing
operations on the Romanian market are detailed in the margins of this page.
|
Country
|
Population
Millions
2004 |
GDP Growth
%
2004 |
Unemployment
%
2004 |
FDI - 2004
EUR millions | |
Bulgaria | 7.8 |
5.6 | 12.7
| 1,500 |
| Croatia |
4.4 | 3.7
| 18.9 |
850 | |
Poland | 38.6 |
5.5 | 19.6
| 3,300 |
| Romania | 21.7
| 8.3 | 6.8
| 3,500 | |
Slovakia | 5.4 |
5.2 | 14.4
| 540 |
| Czech Republic |
10.2 | 3.6
| 10.3 |
3,650 | |
Slovenia | 2.0 |
4.2 | 6.4
| 100 |
| Hungary |
10.1 | 3.9
| 6.0 |
2,500 | |
Albania | 3.2 |
6.0 | 14.8
| 200 |
| Estonia |
1.4 | 6.3
| 9.8 |
420 | |
Latvia | 2.3 |
8.7 | 10.0
| 445 |
| Lithuania |
3.5 | 6.5
| 11.5 |
620 | |
Macedonia | 2.0 |
1.5 | 35.0
| 120 |
The populations of Romania & Poland combine to account
for 53.5% of the total population of Central Europe. GDP Growth
in 2004 @ 8.3%is only exceeded by Latvia 8.7%. Unemployment
@ 6.8% is only bettered by Hungary @ 6% & Slovenia @ 6.4%
| | | BULGARIA
KEY CONVERGENCE INDICATORS 1993 -2001 | |
Primary
GDP Indicators
| 1993
|
1994
| 1995
| 1996
| 1997
| 1998
| 1999 |
2000
| 2001 |
| GDP
(real%ch | -1.5
| 1.8 |
2.1 |
-10.9 |
-6.9
| 3.5 |
2.4 |
5.0 |
6.8 |
| GDP
(Euro bn) | 9.2
| 8.1
| 11
| 7.8 |
9
| 10.9 |
11.3
| 12.7 |
13.8 |
| Per
capita (Euro bn) | 1091 |
966 |
1312 |
939 |
1086 |
1324 |
1371
| 1544
| 1682 |
| Per
capita GDP (US$m) %ch | N/A
| -11.4 |
35.8 |
-28.4
| 15.7 |
21.9 |
3.6 |
12.6 |
8.9 |
| |
GDP
by sector %
| 1993
| 1994
| 1995
| 1996
| 1997
| 1998
| 1999 |
2000
| 2001 |
| Manifacturing
| 32.7
| 29.9
| 31.0
| 30.6
| 25.3
| 25.5
| 23.4
| n/a |
n/a |
| Agriculture
| 9.9
| 11.5
| 12.7
| 12.4
| 23.8
| 18.7
| 15.1
| n/a |
n/a |
| Services
| 50.8
| 51.8 |
51.1
| 51.5
| 40.5
| 44.7
| 48.8
| n/a |
n/a |
| |
Employment by Sector
| 1993
| 1994
| 1995
| 1996
| 1997
| 1998
| 1999 |
2000
| 2001 |
| Agriculture
| 22.1
| 23.2
| 23.9
| 24.4
| 25.3
| 25.7
| |
|
|
| Manufacturing
| 30.3
| 29.1
| 28.1
| 27.5
| 32
| 30.8
| |
|
|
| Fixed
investment (% of GDP) | 9.4
| 14.4
| 13.6
| 11.4
| 12.8
| 15.1
| 17.1
| 19.6
| |
| Fixed
investment growth (%) | -14.7
| 1.1
| 10.5
| -22
| -22.1
| 16.4
| 20
| 19
| 22 |
| Foreign
direct investment - FDI (US$m) | 102
| 211
| 163
| 256
| 636
| 220
| 755
| 1000
| 1000 |
| Share
of economy in private hands(%) | |
40
| 45
| 45
| 50
| 63
| 75
| 75
| 75 |
Trade
| 1993
| 1994
| 1995
| 1996
| 1997
| 1998
| 1999 |
2000
| 2001 |
| Trade
with EU (% of total) | 28 | 34 | 37 | 37.6 | 41 | 46.5 | 52 | 53 | 54 |
| Exports
to EU(%) | 28.1 | 35.5 | 37.6 | 39.1 | 43.3 | 49.7 | 55 | 56 | 57 |
| Imports
from EU(%) | 28 | 32.1 | 36.5 | 35.1 | 37.3 | 45 | 50 | 51 | 52 |
| Current
account (% of GDP) | -10.4 | -0.3 | -0.2 | 0.9 | 4.3 | -0.5 | -5.7 | -5.4 | -5.4 |
| Fiscal
balances (% of GDP) | | Budget
balance | -14.1 | -5.5 | -5.7 | -11 | -3.1 | 1.1 | -1.3 | -1 | -0.5 |
| Public
debt | 163.7 | 161.7 | 115.7 | 124.6 | 106.8 | 86.7 | 71 | 68.4 | 60.5 |
| Prices |
| CPI
inflation(%) | 73.1 | 95.9 | 62.1 | 123 | 1,082 | 22.3 | 1.8 | 6.6 | 2 |
| Proportion
of prices liberalised(%) | | 58 | 54 | 47.9 | 83 | 84.2 | 85 | 87 | 88 |
Sources:
Bulgarian National Bank
National Statistics institute
BULGARIA
- FOREIGN DIRECT INVESTMENT INFLOWS 1990-2000
| YEAR |
Privatization
| Capital
market | Greenfield+ |
Total
by years | |
USDm |
| 1992 |
|
|
34.4 |
34.4 |
| 1993 |
22.0 |
|
80.4 |
102.4 |
| 1994 |
134.2 |
|
76.7 |
210.9 |
| 1995 |
26.0 |
|
136.6 |
162.6 |
| 1996 |
76.4 |
|
180.0 |
256.4 |
| 1997 |
421.4 |
29.7 |
185.1 |
636.2 |
| 1998 |
155.8 |
64.2 |
400.0 |
620.0 |
| 1999 |
305.7 |
53.1 |
447.3 |
806.1 |
|
2000 10 mths | 450.0 |
15.0 |
340.0 |
805.0 |
| 2000
forecast | 480.0 |
20.0 |
500.0 |
1,000.0 |
| Total
1992-2000 | 1,621.5 |
167.0 |
2,040.5 |
3.829.0 |
FOREIGN
DIRECT INVESTMENT - BY COUNTRIES - 1992-2000
in millions of USD
| Country |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000
10 mths | Total
by countries | |
GERMANY |
0.11 |
56.63 |
111.43 |
16.16 |
53.10 |
31.44 |
55.7 |
101.3 |
44.40 |
470.27 |
| BELGIUM |
0.00 |
0.14 |
0.30 |
10.02 |
0.79 |
264.39 |
31.22 |
66.22 |
39.40 |
412.48 |
| ITALY |
0.01 |
0.22 |
5.17 |
2.27 |
1.19 |
0.42 |
2.06 |
23.02 |
338.40 |
372.76 |
| GREECE |
0.16 |
5.08 |
2.97 |
29.79 |
14.55 |
16.10 |
3.33 |
14.91 |
226.5 |
313.39 |
| CYPRUS |
0.33 |
1.19 |
0.39 |
1.40 |
7.51 |
20.55 |
109.09 |
108.91 |
-19.35 |
230.02 |
| USA |
0.00 |
10.49 |
16.15 |
16.10 |
20.66 |
46.61 |
38.6 |
49.8 |
6.7 |
205.11 |
| UK |
6.21 |
5.55 |
2.43 |
13.74 |
7.26 |
15.83 |
58.85 |
48 |
19.7 |
177.57 |
| NETHERLANDS |
0.07 |
0.52 |
37.94 |
0.85 |
46.27 |
10.80 |
41.28 |
27.96 |
0.26 |
165.95 |
| AUSTRIA |
13.03 |
1.02 |
14.66 |
1.39 |
12.07 |
12.46 |
46.91 |
23.39 |
38.7 |
163.63 |
| RUSSIA |
0.31 |
1.35 |
2.27 |
15.05 |
14.37 |
2.01 |
14.84 |
103.74 |
0.73 |
154.67 |
| TURKEY |
0.00 |
9.84 |
1.26 |
13.74 |
7.26 |
9.87 |
23.76 |
39.39 |
15.2 |
120.32 |
| SPAIN |
0.04 |
0.06 |
0.01 |
0.00 |
0.00 |
49.55 |
56.8 |
3.21 |
0.44 |
110.11 |
| SWITZERLAND |
0.38 |
6.69 |
0.24 |
7.87 |
23.08 |
31.36 |
6.58 |
13.13 |
4.98 |
94.31 |
| FRANCE |
0.00 |
0.22 |
4.19 |
4.99 |
6.51 |
0.82 |
3.35 |
62.72 |
6.88 |
89.68 |
| KOREA |
0.00 |
0.00 |
0.26 |
0.20 |
22.31 |
22.90 |
1.78 |
2.81 |
6.58 |
56.84 |
| BAHAMAS |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
22.76 |
10.36 |
14.45 |
47.57 |
| LUXEMBURG |
0.40 |
0.58 |
0.58 |
0.36 |
0.23 |
11.75 |
22.71 |
3.81 |
0.39 |
40.81 |
| IRELAND |
0.00 |
0.00 |
0.02 |
17.40 |
0.18 |
5.21 |
0.97 |
3.72 |
0.59 |
28.09 |
| HUNGARY |
12.26 |
0.05 |
0.00 |
0.00 |
0.07 |
0.00 |
0.68 |
1.68 |
1.73 |
16.47 |
| ISRAEL |
0.00 |
0.03 |
0.93 |
0.02 |
1.45 |
0.01 |
0.03 |
13.84 |
-0.04 |
16.27 |
| CZECH |
0.00 |
0.00 |
0.05 |
2.34 |
2.28 |
4.68 |
0.58 |
0.09 |
0.00 |
10.02 |
| MALTA |
0.00 |
0.00 |
0.01 |
0.12 |
0.09 |
0.09 |
8.9 |
0 |
0.51 |
9.72 |
| LIECHTENSTEIN |
0.00 |
1.11 |
0.13 |
0.01 |
0.00 |
2.53 |
0.79 |
1.28 |
2.98 |
8.83 |
| SWEDEN |
0.00 |
0.00 |
0.01 |
0.03 |
1.42 |
2.36 |
0.94 |
1.57 |
0.19 |
6.52 |
| DENMARK |
0.00 |
0.00 |
1.07 |
0.02 |
0.00 |
1.12 |
1.58 |
0.33 |
0.89 |
5.01 |
| JAPAN |
0.01 |
0.00 |
0.08 |
0.50 |
0.60 |
1.90 |
1.89 |
0 |
0.02 |
5.00 |
| TOTAL
by years | 34.42 |
102.37 |
210.86 |
162.63 |
256.36 |
636.16 |
619.96 |
806.10 |
805.00 |
3634.00 |
FOREIGN DIRECT
INVESTMENT IN BULGARIA BY SECTORS AND BY YEARS
in millions of USD
| Sector |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
Total
by sectors | |
Industry |
0.2 |
20.8 |
28.2 |
94.5 |
172.5 |
458.5 |
310.6 |
471.2 |
1556.5 |
| Trade |
13.5 |
70.0 |
59.9 |
20.1 |
32.4 |
45.7 |
177.4 |
124.0 |
543.0 |
| Finance |
0 |
1.8 |
18.8 |
32.3 |
15.4 |
64.3 |
72.2 |
119.1 |
324.0 |
| Tourism |
0.6 |
0.8 |
43.3 |
10.2 |
23.3 |
5.7 |
18.4 |
40.5 |
142.8 |
| Transport |
12.8 |
2.1 |
55.2 |
1.2 |
4.8 |
3.1 |
6.2 |
11.7 |
73.6 |
| Telecommunications |
6.1 |
4.0 |
0.0 |
0 |
0.9 |
3.6 |
23.2 |
14.1 |
51.9 |
| Construction |
0.2 |
0.3 |
4.8 |
1.1 |
1.1 |
6.2 |
6.3 |
6.5 |
26.5 |
| Agriculture |
0.0 |
0.0 |
0.0 |
0.1 |
1.4 |
4.6 |
0.1 |
2.4 |
8.5 |
| Other |
1.2 |
2.5 |
0.7 |
3.1 |
4.6 |
44.4 |
5.5 |
40.0 |
102.1 |
| Total |
34.4 |
102.4 |
210.9 |
162.6 |
256.4 |
636.2 |
620.0
| 806.1 |
2828.9 |
The
following are some of the largest foreign investors: IVAN
ZOGRAFSKI - Germany
| MINING |
| NAVAN
BULGARIAN MINING - Ireland | BRITISH
GAZ EXPLORATION AND
PRODUCTION - UK |
| METALLURGY |
| UNION
MINIERE (Belgium) | |
| MECHANICAL
ENGINEERING | | ATUSA
- Spain | PLANZEE
TIZIT - Austria | EUROTECH
- USA
| CONSORTIUM
FRANCE | | IRELAND
- France | MAILER
- Germany | MESER
GRISHEIM - Germany
| KONTRAKO
- USA | |
SANITATION |
| AMERICAN
STANDARD - USA | |
| ELECTRICAL
ENGINEERING | | ASEA
BROWN BOVERI - Switzerland | SIEMENS
- Germany | | SPARKY
TRADING - Germany | HYUNDAI
- Korea | | VIDEOTON
HOLDING - Hungary | PRAMET
BULGARIA - Czech Republic |
| KOSTRA
DEVELOPMENT - Israel | FESTO
- Austria | | SILWAY
TECHNOLOGY - France | SIGMA
DELTA - Belgium | SCHNEIDER
ELECTRIC - France
| ACHED
TECHNOLOGY - USA |
| CHEMICALS |
| SOLVAY
- Belgium | WHITEBEAM
HOLDING LTD - USA |
| LUCOIL
PETROL - Russia | IBE
TRANS Inc. - USA |
| FRANCE
ARNE - France | |
| PHARMACEUTICAL
& CHEMICAL INDUSTRY |
| DEUTSCHE
BANK - Germany |
NOVA TECHNOLOGY - Ireland |
|
ERLTON FUND - Ireland | SWEDISH
MATCH - Sweden |
| BUILDING
MATERIALS & GLASS |
BARECK
OVERSEAS LTD. - Cyprus
| GLASINVEST
LTD - Cyprus | | BRAMACK
DACHSYSTEME - Austria | KERAMIK
HOLDING - Switzerland |
|
KNAUF - Austria |
YTONG HOLDING - Germany |
|
GIBU - Italy | HOLDERBANK
- Switzerland | | CEMENT
FRANCAIS - France | HEIDELBERGER
ZEMENT - Germany |
| PLEVCEM
Ltd. - Cyprus | |
| ENERGY |
| ACCESS
INTERNATIONAL - USA | CEYLAN
INSAAT - Turkey | | ENTERGY
- USA | |
| PAPER
INDUSTRY |
| ADUT-ADOX
SKALICA - Slovak Rep. | EUROPAC
- Austria | | ISIKLAR
HOLDING - Turkey | NOREKOM
GmbH - Germany | PROFITECH
ENTERPRISES - Cyprus
| THRACE
PAPER MILL - Greece |
| TEXTILES
& FINISHED GARMENTS |
| | | |
Country Reports & Market Analyses