Poland and Czech Republic grab the lion's share of the FDI flowing into CEE

According to the World Investment 2000 report prepared by the UN, Poland and the Czech Republic consumed about 55% of all foreign direct investment (FDI) flowing into Central and Eastern Europe in 1999. Poland attracted $7.5 billion in FDI last year, mostly contributed by European Union (EU)-based multinational companies. Investors are attracted to Poland in part due to the size of its market, third largest after Russia and Ukraine in the region, and by virtue of its gross domestic product (GDP), which is second only to Russia. Despite the loss of investor confidence in emerging markets sparked by the Russian and Asian crises, Central and Eastern Europe attracted 3% of the entire global FDI of $865 billion. (Puls Biznesu, page 11)