VIENNA, June 8 (Reuters) - Foreign direct investment is seen recovering strongly in 2010 in Poland and Russia after inflows to Central and Eastern European Countries dropped by half in 2009, a report showed on Tuesday.#
The Vienna Institute for International Economic Studies (WIIW) said that inflows would increase 'modestly' in the area as a whole, based on global trends and first-quarter performance.
The Czech Republic, Hungary, Slovakia and Ukraine are expected to contribute to the revival of FDI while other countries such as Romania and Bulgaria may receive lower inflows.
For the total region, FDI inflows are seen rising to 66.6 billion euros ($89.36 billion) from 58.54 billion in 2009 and 111.54 billion in 2008.
In the new EU member states, total foreign direct investment flows are expected to rise to 23.3 billion euros in 2010 after a drop to 20.37 billion in 2009 from 42 billion.
In southeast Europe, they are set to drop further to 3.4 billion euros, from 5.5 billion in 2009 and 8.6 billion in 2008.
Belarus, Moldova, Russia and Ukraine should see total inflows rising to 39.9 billion euros, from 32.7 billion in 2009 and 60.9 billion in 2008.
(Reporting by Marcel Michelson; editing by Patrick Graham) ($1=.7453 Euro) Keywords: ECONOMY/FDI CEEC (Vienna Newsroom, +43 1 53112-254, vienna.newsroom@news.reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Vienna Institute for International Economic Studies (WIIW) said that inflows would increase 'modestly' in the area as a whole, based on global trends and first-quarter performance.
The Czech Republic, Hungary, Slovakia and Ukraine are expected to contribute to the revival of FDI while other countries such as Romania and Bulgaria may receive lower inflows.
For the total region, FDI inflows are seen rising to 66.6 billion euros ($89.36 billion) from 58.54 billion in 2009 and 111.54 billion in 2008.
In the new EU member states, total foreign direct investment flows are expected to rise to 23.3 billion euros in 2010 after a drop to 20.37 billion in 2009 from 42 billion.
In southeast Europe, they are set to drop further to 3.4 billion euros, from 5.5 billion in 2009 and 8.6 billion in 2008.
Belarus, Moldova, Russia and Ukraine should see total inflows rising to 39.9 billion euros, from 32.7 billion in 2009 and 60.9 billion in 2008.
(Reporting by Marcel Michelson; editing by Patrick Graham) ($1=.7453 Euro) Keywords: ECONOMY/FDI CEEC (Vienna Newsroom, +43 1 53112-254, vienna.newsroom@news.reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.