Determinants of Greek FDI Outflows in the Balkan Region: The Case of Greek Entrepreneurs in Bulgaria

Aristidis Bitzenis

Eastern European Economics, 2006, vol. 44, issue 3, 79-96

Abstract: This paper presents the specific motives behind Greek entrepreneurs' interests in FDI projects in Bulgaria, examining the obstacles that entrepreneurs and small to medium enterprises (SMEs) of Greek origin confronted in establishing FDI projects in Bulgaria in the transition period. Reasons for the great accumulation of Greek investors in the Balkan region, especially in Bulgaria, are analyzed, with special attention given to the difficulties in initiating multinational enterprises in a Balkan country such as Bulgaria. Finally, the paper examines whether the origin of an enterprise, the size of the firm, and the sector that each company belongs to played a role in the company's strategy to enter a Balkan country, and what the pros and cons of such a decision were.

Date: 2006
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