Poland
Article Abstract:
Poland's economic plight should not cloud the fact that the eastern European state offers considerable opportunities for foreign investors with long-term intentions. The government has begun implementing its privatization program which aims to shift ownership of businesses from the state to the private sector. The business sectors with promising prospects for investors are the engineering firms, the textile industry and the electronics industry. To make Poland more attractive to foreign investors, the government has taken several measures, including the unification of the five government bodies that investors had to deal with, into a single body and the provision of guarantees against expropriation and nationalization. As of 1991, Poland has succeeded in attracting 5,000 foreign-owned projects and joint ventures. The country's efforts to shift to a market economy are expected to boosted by EC assistance.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1992
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Czechoslvakia
Article Abstract:
Czechoslovakia is hoping that its imminent break-up into two independent states will not dissuade foreign companies from investing in the region. The federation's radical privatization program has been opening up tremendous opportunities for foreign investors in practically all sectors of the economy. The most attractive business sectors, however, have been snapped up by Germany. To date, Germany accounts for about 20% of all foreign investments in Czechoslovakia and is involved in more than 30% of all joint ventures in the country. Although the Germans are dominating the tourism, telecommunications, transportation and glass-making industries, there are other sectors that show promising prospects, including the textile, brewery, and engineering industries. The government is particularly keen on seeing more capital infusion into the areas of energy, energy conservation, tourism and the environment.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1992
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Hungary
Article Abstract:
Hungary is proving to be the eastern European country most successful in attracting foreign investors. In 1991 alone, it attracted some $1.7 billion worth of foreign investment. Giant multinationals have begun establishing operations in Hungary, including General Motors, Royal Dutch Shell, Samsung, Nestle, Matsushita, and General Electric. The government of Jozef Antall is intent on reducing the state's role in running the economy and on leaving the task to the private sector. It has adopted several measures to increase Hungary's appeal to foreign investors, including offering considerable tax incentives, the chance for foreigners to own Hungarian firms 100%, and the promise that capital may be repatriated 100% in its original currency. To date, Hungary's most avid foreign investor is Germany, followed by Austria and Italy.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1992
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