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Europe Daily Bulletin No. 8434
Contents Publication in full By article 36 / 43
ECONOMIC INTERPENETRATION / (eu) investments

According to UNCED (United Nations Conference on Environment and Development), direct foreign investment entries and exits in the Netherlands fell in 2002, for the second year in a row, although the level of entry of 324 billion euros was above average for the period 1995 - 1999. Greece registered an increase in DFI exits, but a fall in entries last year (54 million euros). Its exits stand at 702.6 million euros, which is higher than the 1999 and 2001 levels, but lower than the record established in 2000. In Central and Eastern European countries (CEECs), DFI has increased greatly in the former Yugoslav Republic of Macedonia, growing from next to nothing in 1997 to 150 million euros in 2000; practically tripling in 2001. This progress can mostly be explained by investments from other countries in the region, especially Hungary. FDI exits, however, remain very low, and even negative in 2000, mainly because of a drop in investments from Croatia. In Slovenia, after three years of decrease and stagnation, entries grew to 472 million euros in 2001, over twice the level registered in 1999. The main investors are Austria, France, and Germany. Almost half of Slovenian external investments are, they say, concerted in Croatia. Estonia is a larger investor than it is a host country. In 2001 it was the third largest investor of the CEECs, which concert almost all its investments. For FDI entries, Sweden and Finland are its two main investors, representing two-thirds of FDI stock in the country. FDI stocks in Estonia doubled from 1998 to 2001 to a level of 579 million euros. The flux towards the Republic of Moldova, on the other hand, were the lowest in the region in 2001. The EU is the principle investor. Lastly, Serbia and Montenegro registered entries of around 161 million euros, a slight redress after the sharp drop in 2000.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION