THE CONSULTING company Deloitte writes in its recent study that Slovakia and the Czech Republic are the most popular targets for investment in eastern Europe and, after Poland, the two countries are also the favourite prospects for western European investments, the SITA newswire wrote.
“In general, local investors from Eastern Europe show more interest than those from Western Europe,” Deloitte writes in its study. “Most attractive are Poland, the Czech Republic, Slovakia and also the new European Union members Bulgaria and Romania.”
Interest in Hungary, one of the first eastern European countries with an open market, is falling, with only a little over 50 percent of Eastern European and 30 percent of Western European respondents labelling it as a potential investment prospect. By comparison, as many as 90 percent of investors from Eastern Europe and 48 percent of investors from Western Europe described the Czech Republic and Slovakia as attractive destinations for mergers and acquisitions.
From a broader perspective, Eastern European countries which are also members of the European Union are clearly more attractive to investors.
Thanks to transfers and support from the European Union, which strengthen economic growth, together with reforms that should lead to higher transparency and compatibility in tax and legal systems, these markets, it seems, offer investors the most attractive opportunities, reads the report.
11. Aug 2008 at 0:00 | Compiled by Spectator staff from press reports