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12° Nicosia,
25 May, 2024
 

Cyprus and Greece report lowest EU foreign investment

Eurostat data reveals disparity in foreign economic influence across EU

Newsroom

Eurostat's latest data sheds light on the intricate dynamics of foreign involvement in the European Union's economy. In 2021, while the EU as a whole saw foreign-controlled enterprises contribute 22.5% to the value added, Greece and Cyprus reported lower figures of 15.6% and 7.1%, respectively. These numbers hint at the unique economic landscapes of these countries.

Taking a closer look, it's clear that the differences extend beyond just percentages. Luxemburg leads with a remarkable 29.2%, followed by Estonia at 10.3% and Poland at 6.8%. In contrast, Greece and Cyprus hover around 7.5% and 7.8%, showing less foreign presence in their markets.

However, beneath the surface lies a story of interconnectedness. More than half of the foreign-controlled enterprises within the EU originate from fellow member states, highlighting the intertwined nature of European economies. Looking at employment patterns, Luxemburg, Poland, and Ireland boast figures exceeding 28%, while Greece and Cyprus remain below 10%.

In essence, while Greece and Cyprus may not see as much foreign investment as some EU counterparts, they still contribute to the broader European economic landscape. As the European economy evolves, keeping an eye on how foreign investment shapes Greece and Cyprus will be crucial, presenting both opportunities and challenges ahead.

TAGS
Cyprus  |  Eurostat  |  data  |  EU  |  investment  |  business

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