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Foreign Direct Investment in the Black Sea Area

Author

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  • Ioannis Glinavos

    (University of Kent at Canterbury)

Abstract

The Black Sea is a region of vital interest to the foreign investor. This study examines the six countries that border it (Russia, Ukraine, Georgia, Turkey, Romania, Bulgaria) and presents the financial outlook and the foreign direct investment performance of each state. The main focus is on the analysis of the legislation related to the promotion and protection of investments. This is done with the aim of providing information about the opportunities and pitfalls of doing business in the area. The main conclusion is that the Black Sea presents great opportunities that remain largely unrealized. The reasons for this are mainly administrative barriers and the lack of legal certainty and enforcement.

Suggested Citation

  • Ioannis Glinavos, 2005. "Foreign Direct Investment in the Black Sea Area," Development and Comp Systems 0506007, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpdc:0506007
    Note: Type of Document - pdf; pages: 13. The legal framework for the protection of investment and economic opportunities in the countries bordering the Black Sea
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/dev/papers/0506/0506007.pdf
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    References listed on IDEAS

    as
    1. Gabor Hunya, 2000. "Recent FDI Trends, Policies and Challenges in South-East European Countries," wiiw Research Reports 273, The Vienna Institute for International Economic Studies, wiiw.
    2. Oecd, 2000. "Recent Trends, Policies and Challenges in SEE Countries," OECD Working Papers on International Investment 2000/5, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Law; FDI; Russia; Black Sea; Investment; Growth; Development;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Political Economy and Comparative Economic Systems

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