Are the EaP Countries Attractive to Investors? A Brief Analysis of the Financial, Institutional, Political and Fiscal Elements

  • Alisa-Mihaela Ambrozie “Dunărea de Jos” University Galati
  • Sergiu-Lucian Șorcaru Danubius University of Galati
  • Ștefan-Cătălin Topliceanu ”Alexandru Ioan Cuza” University of Iasi
Keywords: foreign direct investment; economic growth; doing business; country risk; institutional freedom

Abstract

This article aims to analyze if the Eastern Partnership (EaP) countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine) are attractive to investors in the period 2015-2019. These countries are interested in FDI and how to succeed in attracting as many investors as possible due to the increased chances of joining the European Union. To measure the attractiveness of the EaP countries it is used a quantitative approach through which the evolution of several aspects is observed. There were selected for analysis variables from a financial, fiscal, institutional and administrative point of view. The results reveal that the EaP countries have improved their investment climate and business environment mainly due to significant governance performance, fiscal and financial incentives and institutional progress. The most visible performances were recorded by Georgia and Armenia. The results demonstrate that only some of the EaP countries are able to attract investors and are prepared for EU membership from a fiscal, financial, institutional and administrative perspective. These facts are of interest to policy makers from the EaP countries and to European ones.

Author Biographies

Alisa-Mihaela Ambrozie, “Dunărea de Jos” University Galati

Master in progress, Faculty of Economic and Business Administration, Specialization Comunication in Marketing

Sergiu-Lucian Șorcaru, Danubius University of Galati

Senior Lecturer, Faculty of Communications and International Relations

Ștefan-Cătălin Topliceanu, ”Alexandru Ioan Cuza” University of Iasi

Assistant Professor, Faculty of Economic and Business Administration

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Published
2021-03-29
Section
Financial Economics