Direct investment from Finland to Eastern Europe : results of the 1995 Bank of Finland survey
Laurila, Juhani; Hirvensalo, Inkeri (17.09.1996)
Numero
5/1996Julkaisija
Suomen PankkiBank of Finland
1996
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408113031Tiivistelmä
The authors present the results of the 1995 Bank of Finland survey (previous surveys were 1991 and 1993) on Finnish direct investments to the CIS, the Baltics and other CEE countries.The survey describes the situation during or at the end of 1994 and focuses mainly on Estonia and Russia, the main targets of Finnish direct investment in Eastern Europe. The results indicate that most Finnish direct investment went to service industries - only about a third went to other sectors. Direct investment was generally in the form of equity capital, while about a third was in the form of loans.The level of local banking services and the availability of credit appeared to be fairly low in Russia and Estonia.Investor experiences were described most often 'tolerable' in Russia and 'satisfactory' in Estonia.The future expectations of investors, in comparison with the results of the previous survey two years ago, remained positive and unchanged in Estonia, but somewhat less favourable than 1993 for Russia.Excessive, arbitrary bureaucracy was considered a major drawback by nearly all respondents. The authors draw attention to current problems with data collection and data quality.Presently, there is apparently nobody who can accurately specify the number of enterprises under Finnish ownership actually operating in Russia or Estonia. Keywords: direct investment, Russia, Estonia, Eastern Europe
Julkaisuhuomautus
Uudelleenjulkaistu pdf-muodossa 2002 (Idäntalouksien yksikön sarja)Reprint in PDF format 2002 (Unit for Eastern European Economies series)