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Wind of change: Investment in Central, Eastern and South Eastern Europe

  • Publication information

    29 Sep 2017

  • Related tags

    • CESEE
    • Economics
    • Bulgaria
    • Croatia
    • Czechia
    • Estonia
    • Hungary
    • Latvia
    • Lithuania
    • Poland
    • Romania
    • Slovakia
    • Albania
    • Bosnia and Herzegovina
    • Montenegro
    • Serbia
    Show more Show less

Part of the series :

  • Regional & Country studies
  • Regional & Country studies
PDF (EN)

Description

The report aims to shed some light on developments in investment activity and investment finance in CESEE over the last twenty years from both macro- and microeconomic perspectives.

We pursue in particular questions of why and where investment has declined in the period after the financial crisis, and whether changes in investment and output have been cyclical or structural.

In addition, we address the question of whether countries in the CESEE region have been investing enough and where there are possible country-specific investment gaps and structural needs.

We employ different analytical approaches to estimating the investment gap. Another original contribution of the report is the use of results from the EIB corporate survey on investment and investment finance for the microeconomic analysis of firms’ investment behaviour.

In addition, we combine this analysis with the EIB bank lending survey, which maps credit demand and supply developments in the CESEE region. The report concludes with policy conclusions for the region.

All publications in this series

  • Is crowding out of private sector credit inhibiting Africa’s growth?
  • Banking in Jordan: Financing corporates and SMEs in the era of COVID-19
  • Finance in Africa: for green, smart and inclusive private sector development
  • Georgia Country Diagnostic
  • Private sector development in Morocco
  • Banking in Africa: financing transformation amid uncertainty
  • Financing in Georgia: Small and medium enterprises and the private sector
  • Corporate innovation in Austria: Findings from the EIB Investment Survey
  • Innovation investment in Central, Eastern and South-Eastern Europe: Building future prosperity and setting the ground for sustainable upward convergence
  • Banking in Africa: Delivering on Financial Inclusion, Supporting Financial Stability
  • Infrastructure Investment in the Western Balkans: A First Analysis
  • Republic of Belarus: Financial Sector Review and Private Sector Financing
  • Banking in sub-Saharan Africa - Interim Report on Digital Financial Inclusion
  • Banking in sub-Saharan Africa - Recent Trends and Digital Financial Inclusion
  • Armenia: Neighbourhood SME financing
  • Serbia: Assessment of financing needs of SMEs in the Western Balkans countries
  • Albania: Assessment of financing needs of SMEs in the Western Balkans countries
  • Kosovo: Assessment of financing needs of SMEs in the Western Balkans countries
  • Montenegro: Assessment of financing needs of SMEs in the Western Balkans countries
  • Bosnia and Herzegovina: Assessment of financing needs of SMEs in the Western Balkans countries
  • FYROM: Assessment of financing needs of SMEs in the Western Balkans countries
  • Assessment of financing needs of SMEs in the Western Balkans countries - Synthesis Report
  • Georgia: Neighbourhood SME financing
  • Jordan: Neighbourhood SME financing
  • Ukraine: Neighbourhood SME financing
  • Neighbourhood SME financing – Synthesis Report
  • Tunisia: Neighbourhood SME financing
  • Recent Trends in Banking in sub-Saharan Africa - From Financing to Investment
  • Armenia: Private Sector Financing and the role of Risk-bearing Instruments
  • Ukraine: Private Sector Financing and the role of Risk-bearing Instruments
  • Georgia: Private Sector Financing and the role of Risk-bearing Instruments
  • Moldova: Private Sector Financing and the role of Risk-bearing Instruments
  • Azerbaijan: Private Sector Financing and the role of Risk-bearing Instruments
  • Private Sector Financing and the role of Risk-bearing Instruments - Synthesis Report
  • Small and Medium Entrepreneurship in Russia
  • Banking in the Mediterranean - Financing Needs and Opportunities in Turbulent Times
  • Banking in Central and Eastern Europe and Turkey - Challenges and Opportunities
  • Banking in sub-Saharan Africa - Challenges and Opportunities
  • Banking in the Eastern Neighbours and Central Asia – Challenges and Opportunities
  • Banking in the Mediterranean - Challenges and Opportunities
  • Financial Mechanism for the Development of Energy Efficiency and Renewable Energies in the Southern and Eastern Mediterranean Countries

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