https://sputnikglobe.com/20230511/foreign-direct-investment-in-germany-down-to-decade-low---study-1110265176.html
Foreign Direct Investment in Germany Down to Decade Low - Study
Foreign Direct Investment in Germany Down to Decade Low - Study
Sputnik International
Attractiveness of German economy to foreign investors has dropped to a decade low, shows a research by E&Y. The reason is high costs.
2023-05-11T14:39+0000
2023-05-11T14:39+0000
2023-05-28T15:26+0000
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EY Germany CEO Henrik Ahlers told German broadcaster that "in terms of the costs Germany has clearly lost some of its attractiveness recently, especially for industrial enterprises." The EY Europe Attractiveness Survey cited Germany’s tight labor pool and high-carbon energy mix as the main deterrents for foreign investors. The study shows France firmly in the top spot for the fourth year running, on the back of business-friendly reforms. The number of foreign direct investment projects in the country rose by 3% last year to 1,259. The United Kingdom came second with 929 new projects, down by 6% compared to 2021. EY said investors were discouraged by trade restrictions and labor shortages, which are in part caused by Brexit. Together, France, the UK and Germany accounted for 50% of the total 5,962 foreign projects created in Europe last year. EY said it remained concerned about Europe’s weak manufacturing performance as rising energy costs, supply chain disruptions and the general slowdown continue weighing down on its economy.
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Foreign Direct Investment in Germany Down to Decade Low - Study
14:39 GMT 11.05.2023 (Updated: 15:26 GMT 28.05.2023) MOSCOW (Sputnik) - Germany’s attractiveness to foreign investors has dropped by a further 1% to a decade low, with 832 projects created in the country in 2022, a survey by the EY consultancy has revealed.
EY Germany CEO Henrik Ahlers told German broadcaster that "in terms of the costs Germany has clearly lost some of its attractiveness recently, especially for industrial enterprises."
The EY Europe Attractiveness Survey cited Germany’s tight labor pool and high-carbon energy mix as the main deterrents for foreign investors.
30 January 2023, 14:12 GMT
The study shows France firmly in the top spot for the fourth year running, on the back of business-friendly reforms. The number of foreign direct investment projects in the country rose by 3% last year to 1,259.
The United Kingdom came second with 929 new projects, down by 6% compared to 2021. EY said investors were discouraged by trade restrictions and labor shortages, which are in part caused by Brexit.
24 January 2023, 04:34 GMT
Together, France, the UK and Germany accounted for 50% of the total 5,962 foreign projects created in Europe last year. EY said it remained concerned about Europe’s weak manufacturing performance as rising energy costs, supply chain disruptions and the general slowdown continue weighing down on its economy.
