Competitiveness and Investment Promotion in Bulgaria and Romania

Sorin Anton ()

Chapter 10 in Foreign Direct Investment in Central and Eastern Europe, 2017, pp 219-240 from Palgrave Macmillan

Abstract: Abstract After the onset of the 2007 financial crisis, Bulgaria and Romania employed a large set of fiscal and investment incentives in order to attract FDI flows. The chapter provides a comparative analysis of the investment promotion strategies of the two countries. The Bulgarian investment promotion agency provides services to foreign investors through every step of the investment process and has a well-organized website, which provides comprehensive information. In the case of Romania, however, a clear strategy to attract FDI to specific sectors of the economy is missing. The analysis highlights that Romania failed to make the relevant business information easily available to potential investors, as so many changes in the promotion agency affected its ability to provide quality information.

Keywords: Foreign Direct Investment; Global Financial Crisis; Foreign Direct Investment Inflow; Foreign Direct Investment Flow; Foreign Direct Investment Stock (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-319-40496-7_10

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DOI: 10.1007/978-3-319-40496-7_10

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