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Foreign investment mood in CEE countries continues to improve

Xinhua, September 3, 2015 Adjust font size:

The investment mood for foreigners investing in Central and Eastern European (CEE) countries has continued to improve, climbing 0.8 point to reach 85.7 points on the Oesterreichische Kontrollbank (OeKB) business climate index.

In a press release Wednesday to reveal the newest quarterly results from surveys of 400 decision makers from companies who invest in CEE countries, the Vienna-based OeKB said the result comes on the back of an even larger 2.3 points increase in May.

The business climate was especially good in Poland, the Czech Republic, and Romania, and the investors are said to be expecting continued upward momentum for the coming 12 months, though not in all CEE countries.

In Poland in particular, 28 percent of companies surveyed plan to expand their presence, along with at least 19 percent of those in the Czech Republic.

Despite this, the overall investment mood is still lagging significantly behind the pre-global financial crisis year 2007, which is used as the base year for the index and thus is given 100 points.

Some pessimism also remains concerning the expectations for Russia and Ukraine, albeit less than earlier in the year, the OeKB stated. Endit