Austrian FDI in Eastern Europe

The stock of Austrian FDI in Eastern Europe grew almost tenfold within just seven years: from ATS 5.0 billion in 1990 to ATS 48.4 billion in 1997. Of this, 41 percent were in Hungary, 26 percent in the Czech Republic, 10 percent in Poland, and about 7 percent each in Slovakia and Slovenia. In 1997, fully 93 percent of FDI stock in Eastern Europe was held in the ten EU applicant states, and 85 percent in the five first-round candidates.