Monthly Report No. 5/2024 - FDI in Central, East and Southeast Europe


Alexandra Bykova and Olga Pindyuk

wiiw Monthly Report No. 5, May 2024
34 pages including 10 Tables and 15 Figures

Current issues accessible exclusively for Members. Free access after an embargo period of six months.

​This issue of the wiiw Monthly Report replaces our earlier series of the wiiw FDI Report. 

FDI in Central, East and Southeast Europe

  • Data availability and preliminary results for 2023
    by Alexandra Bykova
    Although FDI inflows to the CESEE region grew by 7.1% last year, this was the result of a combination of positive FDI inflows into Russia (following large withdrawals in 2022) and a decline of 15.3% in the rest of the region. Preliminary FDI data for 2023 are available from the wiiw FDI Database as a first FDI data release this year. Data revisions and FDI data by partner and by economic activity for all countries will be released later, in autumn.
  • FDI in CESEE: Weak performance continues 
    by Olga Pindyuk
    In line with global trends, CESEE rounded off 2023 with a general decline in FDI inflows. Only Russia and Ukraine recorded much better FDI performance, albeit building on 2022’s very low basis. In Q1 2024, investor sentiment worsened, with the number of greenfield investment projects announced falling at a double-digit rate in annual terms in many countries. Renewable energy continued to gain in importance in the structure of greenfield investment projects. Both Germany and China appear to have begun to lose interest in investing in the region.
  • Forecasts of main economic indicators for Central, East and Southeast Europe for 2024-2026


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database, wiiw FDI Database

Keywords: FDI inflows, FDI outflows, greenfield FDI, FDI stocks, FDI by instrument of financing

Countries covered: CESEE, Austria, China, Germany

Research Areas: International Trade, Competitiveness and FDI