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Mergers and Acquisitions in Central and Eastern Europe and the Impact of the Global Economic Crisis

In: Mergers and Acquisitions as the Pillar of Foreign Direct Investment

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  • Christina Sakali

Abstract

Globalization and the intensity of economic competition have been exerting enormous pressure on companies in all industrial economic sectors to be in constant search of new strategic advantages and new opportunities for strategic expansion (UNCTAD, 2005). This has led to the rise and proliferation of the multinational enterprise (MNE)—in other words, an enterprise that has expanded its operations abroad in the form of foreign direct investment (FDI). In the 1990s, the fall of the Soviet Union and the opening up of the Central and Eastern European countries (CEECs), as well as their transition to market economies, created a particularly favorable area for the international expansion of multinational corporations and the rise of FDI in these economies.

Suggested Citation

  • Christina Sakali, 2012. "Mergers and Acquisitions in Central and Eastern Europe and the Impact of the Global Economic Crisis," Palgrave Macmillan Books, in: Aristidis Bitzenis & Vasileios A. Vlachos & Pyrros Papadimitriou (ed.), Mergers and Acquisitions as the Pillar of Foreign Direct Investment, chapter 0, pages 121-139, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-03155-6_8
    DOI: 10.1057/9781137031556_8
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