- 5,845 foreign direct investment (FDI) projects into Europe in 2016 mark a 15% year-on-year increase
- UK, Germany and France attract just over half (51%) of Europe’s FDI in 2016
- 56% of global investors say Europe will regain steady growth after five years
LONDON, 24-May-2017 — /EuropaWire/ — Foreign direct investment (FDI) into Europe hit a record high in 2016, with 5,845 FDI projects recorded (up by 15% year-on-year). This has led to the creation of 259,673 new jobs (+19%), according to the 2017 edition of the EY European attractiveness survey.
The UK, Germany and France are the top three European FDI destinations in 2016, capturing more than half (51%) of European FDI inflows and respectively recording 1,144, 1,063 and 779. Spain reinforced its fourth position (308), with Poland (256) rising one position in the FDI rankings, becoming the first country in Central Europe to enter the top five investment destinations. Of the top three destinations, France achieved the highest increase with 30% growth in FDI projects over the previous year, followed by Germany (12%) and the UK (7%). Germany, with 1,063 projects, strengthened its challenge to the UK’s longstanding European FDI leadership.
By number of FDI projects among the top 20 countries, Sweden, Italy and the Czech Republic are the top growth performers, with an increase of 76%, 62% and 57% respectively over the previous year. Only the Netherlands (-5%), Belgium (-5%) and Switzerland (-2%) recorded negative growth overall, a slowdown compared to 2015 when they all registered positive growth.
Despite a positive 2016 for FDI into Europe – a region with more than 500 million consumers and 30 million companies – geopolitical and macroeconomic challenges are impacting investor sentiment in the short-term. Among 505 executives interviewed globally in March this year, only 28% plan to expand their European operations in the next year, down four percentage points from 32% in 2015. However, investors’ confidence about Europe’s longer term has surged with the proportion of investors expecting a return to steady economic growth after at least five years rising to 56% from 45% in 2015.
Andy Baldwin, EY Area Managing Partner – Europe, Middle East, India and Africa, says:
“Over 2016, geopolitical concerns were top of mind for boardrooms and policymakers, yet investors continued to invest in the world’s biggest single market and we’ve seen the Eurozone’s GDP growth outpace the US for the first time since the financial crisis in 2008. While the slow growth of many emerging markets in 2016 appears to have contributed to Europe’s attractiveness, our survey finds that global investors see Europe’s workforce as a vital asset. The introduction of robotics and artificial intelligence is also serving to reinforce Europe’s traditionally strong manufacturing and business services sectors.”
FDI performance and job creation surge across Europe
Poland ranks second in terms of 2016 job creation (22,074), following the UK, which leads with 43,165 new jobs attributable to FDI projects.
In 2016, Russia, Serbia, France and Romania join the ranks of the UK, Poland and Germany in each attributing more than 15,000 jobs to FDI projects.
US businesses are the single biggest investors into Europe
Recording 1,310 FDI projects, US companies were Europe’s biggest investors, accounting for 22% of all European FDI projects in 2016. FDI projects from the US in 2016 grew by 10% over the previous year.
The majority of FDI into Europe, however, arose from intra-European FDI flows, which grew by 18% in 2016 to 3,272 new FDI projects, accounting for 56% of all European FDI projects and 138,431 newly created jobs. Germany consolidated its position as the leading home-grown cross-border investor, launching 651 projects last year – up by 25% over the previous year. Following Germany, the top five intra-European investors by FDI projects were France (346), UK (335), Switzerland (289) and Italy (187).
The survey also reveals that Chinese companies were more active in Europe in 2016, registering 297 FDI projects (25% more than the previous year) and creating 7,919 jobs. Two-thirds of projects generated by Chinese companies were borne out of sales and marketing, followed by manufacturing and R&D investments projects – 52 and 22 respectively. This trend of outward investment was similarly experienced in Africa, which saw a dramatic increase of 106% in Chinese FDI projects leading China to become the third largest investor in the continent according to the recent EY Africa Attractiveness survey.
Cities retain appeal despite investor sentiment decline
Greater London ranks as the leading urban area by number of FDI projects in 2016 –accounting for 40% of FDI projects in the UK. This achievement would place Greater London in the fourth place ahead of Spain and Poland. Greater London is followed by Greater Paris with 270 FDI projects. This year’s survey also sees an increase in attraction from Germany’s Düsseldorf and Oberbayern (Munich) areas retained their third and fourth positions respectively, while Spain’s Cataluna (Barcelona) rose one position to fifth place, with year-on-year growth of 5%.
In terms of investor sentiment, London retained its position as the most attractive European city. However, its appeal markedly fell from 52% in 2015 to 32% in 2017. Paris and Berlin were ranked by investors as the second and third most appealing investment destinations – although their appeal has declined compared with the previous year in favor of other European cities, including Frankfurt, Munich and Amsterdam.
Sector breakdown
Software and business services sectors together accounted for a quarter of FDI projects last year, underpinning Europe’s digital transformation. Software was the biggest source of FDI into Europe in 2016, generating 780 projects – up 12%. Business services followed as the second most active sector for FDI with the number of projects soaring 47% in 2016. This was driven by strong activity in the UK, Germany, France and Spain. Ireland and The Netherlands also posted impressive growth of 343% and 133% respectively in business services FDI projects in 2016.
Europe’s manufacturing sector, which accounted for 29% of FDI projects (1,455) and 53% of FDI jobs in 2015, attracted 1,538 FDI projects in 2016 – up 6% year-on-year. The survey also sees the CEE region increasingly positioning itself as the continent’s “workshop.” In 2016, CEE secured 755 projects, a 15% increase and an overall share of 49% of European manufacturing FDI projects – up from 45% in 2015.
Sales and marketing activities made up 46% of all FDI projects in 2016, up from 41% in 2015. Notably, companies originating FDI projects outside of Europe accounted for 45% of sales and marketing FDI projects.
Looking ahead: the future of Europe rests upon talent and innovation
When asked about the likely impact of Brexit on their operations, 80% of investors established in Europe said they have no plans to change or relocate; however, they highlighted concerns around possible tax, administrative and regulatory consequences. Notwithstanding uncertainty around the current geopolitical climate, 65% of investors interviewed are confident about the future of the European Union. Data show that the free movement of goods, services, capital and labor across the EU’s 28 Member States is still providing a fairly attractive environment in which business is thriving, adapting and investing – creating jobs and profits.
Education and the urgency to improve skills in Europe emerged as investors’ most important motive in investing in the region (37%, up from 29% in 2015), followed by the need to support high-tech and innovation (34%).
Baldwin concludes: “Businesses and policymakers need to build on Europe’s strong position and further develop its attraction around software, business services and talent. To foster Europe’s digital future and our own tech giants, we need to see a continued focus on the creation of a digital single market; to connect and support the various tech ecosystems; and see more investment in education and skills, particularly around STEM subjects.”
– Ends –
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.
About EY’s European attractiveness surveys
EY’s attractiveness surveys analyses the attractiveness of a particular region or country as an investment destination, and is designed to help businesses make investment decisions and governments remove barriers to growth. A two-step methodology analyses both the reality and perception of FDI in the country or region.
We define the attractiveness of a location as a combination of image, investors’ confidence and the perception of a country or region’s ability to provide the most competitive benefits for FDI. The research was conducted by the CSA Institute in March 2017, via telephone interviews with a representative group of 505 international decision-makers.
SOURCE: Ernst & Young Global Limited
Contact us
Raffaella Santarsiere
EY Global Media Relations
+44 (0) 7467 441509
- Aortic Aneurysms: EU-funded Pandora Project Brings In-Silico Modelling to Aid Surgeons
- BREAKING NEWS: New Podcast “Spreading the Good BUZZ” Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives Through Hope and Community in Recovery
- Cha Cha Cha kohtub krüptomaailmaga: Winz.io teeb koostööd Euroopa visionääri ja staari Käärijäga
- Digi Communications N.V. announces Conditional stock options granted to Executive Directors of the Company, for the year 2025, based on the general shareholders’ meeting approval from 25 June 20244
- Cha Cha Cha meets crypto: Winz.io partners with European visionary star Käärijä
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2024, as approved by the Company’s OGSM from 25 June 2024
- “Su Fortuna Se Ha Construido A Base de La Defraudación Fiscal”: Críticas Resurgen Contra Ricardo Salinas en Medio de Nuevas Revelaciones Judiciales y Fiscaleso
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2024 financial year
- SOILRES project launches to revive Europe’s soils and future-proof farming
- Josh Case, ancien cadre d’ENGIE Amérique du Nord, PDG de Photosol US Renewable Energy et consultant d’EDF Amérique du Nord, engage aujourd’hui toute son énergie dans la lutte contre la dépendance
- Bizzy startet den AI Sales Agent in Deutschland: ein intelligenter Agent zur Automatisierung der Vertriebspipeline
- Bizzy lance son agent commercial en France : un assistant intelligent qui automatise la prospection
- Bizzy lancia l’AI Sales Agent in Italia: un agente intelligente che automatizza la pipeline di vendita
- Bizzy lanceert AI Sales Agent in Nederland: slimme assistent automatiseert de sales pipeline
- Bizzy startet AI Sales Agent in Österreich: ein smarter Agent, der die Sales-Pipeline automatisiert
- Bizzy wprowadza AI Sales Agent w Polsce: inteligentny agent, który automatyzuje budowę lejka sprzedaży
- Bizzy lanza su AI Sales Agent en España: un agente inteligente que automatiza la generación del pipeline de ventas
- Bizzy launches AI Sales Agent in the UK: a smart assistant that automates sales pipeline generation
- As Sober.Buzz Community Explodes Its Growth Globally it is Announcing “Spreading the Good BUZZ” Podcast Hosted by Josh Case Debuting July 7th
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2024 Annual Report
- Escándalo Judicial en Aumento Alarma a la Opinión Pública: Suprema Corte de México Enfrenta Acusaciones de Favoritismo hacia el Aspirante a Magnate Ricardo Salinas Pliego
- Winz.io Named AskGamblers’ Best Casino 2025
- Kissflow Doubles Down on Germany as a Strategic Growth Market with New AI Features and Enterprise Focus
- Digi Communications N.V. announces Share transaction made by a Non-Executive Director of the Company with class B shares
- Salinas Pliego Intenta Frenar Investigaciones Financieras: UIF y Expertos en Corrupción Prenden Alarmas
- Digital integrity at risk: EU Initiative to strengthen the Right to be forgotten gains momentum
- Orden Propuesta De Arresto E Incautación Contra Ricardo Salinas En Corte De EE.UU
- Digi Communications N.V. announced that Serghei Bulgac, CEO and Executive Director, sold 15,000 class B shares of the company’s stock
- PFMcrypto lancia un sistema di ottimizzazione del reddito basato sull’intelligenza artificiale: il mining di Bitcoin non è mai stato così facile
- Azteca Comunicaciones en Quiebra en Colombia: ¿Un Presagio para Banco Azteca?
- OptiSigns anuncia su expansión Europea
- OptiSigns annonce son expansion européenne
- OptiSigns kündigt europäische Expansion an
- OptiSigns Announces European Expansion
- Digi Communications NV announces release of Q1 2025 financial report
- Banco Azteca y Ricardo Salinas Pliego: Nuevas Revelaciones Aumentan la Preocupación por Riesgos Legales y Financieros
- Digi Communications NV announces Investors Call for the presentation of the Q1 2025 Financial Results
- Digi Communications N.V. announces the publication of the 2024 Annual Financial Report and convocation of the Company’s general shareholders meeting for June 18, 2025, for the approval of, among others, the 2024 Annual Financial Report, available on the Company’s website
- La Suprema Corte Sanciona a Ricardo Salinas de Grupo Elektra por Obstrucción Legal
- Digi Communications N.V. announces the conclusion of an Incremental to the Senior Facilities Agreement dated 21 April 2023
- 5P Europe Foundation: New Initiative for African Children
- 28-Mar-2025: Digi Communications N.V. announces the conclusion of Facilities Agreements by companies within Digi Group
- Aeroluxe Expeditions Enters U.S. Market with High-Touch Private Jet Journeys—At a More Accessible Price ↗️
- SABIO GROUP TAKES IT’S ‘DISRUPT’ CX PROGRAMME ACROSS EUROPE
- EU must invest in high-quality journalism and fact-checking tools to stop disinformation
- ¿Está Banco Azteca al borde de la quiebra o de una intervención gubernamental? Preocupaciones crecientes sobre la inestabilidad financiera
- Netmore and Zenze Partner to Deploy LoRaWAN® Networks for Cargo and Asset Monitoring at Ports and Terminals Worldwide
- Rise Point Capital: Co-investing with Independent Sponsors to Unlock International Investment Opportunities
- Netmore Launches Metering-as-a-Service to Accelerate Smart Metering for Water and Gas Utilities
- Digi Communications N.V. announces that a share transaction was made by a Non-Executive Director of the Company with class B shares
- La Ballata del Trasimeno: Il Mediometraggio si Trasforma in Mini Serie
- Digi Communications NV Announces Availability of 2024 Preliminary Financial Report
- Digi Communications N.V. announces the recent evolution and performance of the Company’s subsidiary in Spain
- BevZero Equipment Sales and Distribution Enhances Dealcoholization Capabilities with New ClearAlc 300 l/h Demonstration Unit in Spain Facility
- Digi Communications NV announces Investors Call for the presentation of the 2024 Preliminary Financial Results
- Reuters webinar: Omnibus regulation Reuters post-analysis
- Patients as Partners® Europe Launches the 9th Annual Event with 2025 Keynotes, Featured Speakers and Topics
- eVTOLUTION: Pioneering the Future of Urban Air Mobility
- Reuters webinar: Effective Sustainability Data Governance
- Las acusaciones de fraude contra Ricardo Salinas no son nuevas: una perspectiva histórica sobre los problemas legales del multimillonario
- Digi Communications N.V. Announces the release of the Financial Calendar for 2025
- USA Court Lambasts Ricardo Salinas Pliego For Contempt Of Court Order
- 3D Electronics: A New Frontier of Product Differentiation, Thinks IDTechEx
- Ringier Axel Springer Polska Faces Lawsuit for Over PLN 54 million
- Digi Communications N.V. announces the availability of the report on corporate income tax information for the financial year ending December 31, 2023
- Unlocking the Multi-Million-Dollar Opportunities in Quantum Computing
- Digi Communications N.V. Announces the Conclusion of Facilities Agreements by Companies within Digi Group
- The Hidden Gem of Deep Plane Facelifts
- KAZANU: Redefining Naturist Hospitality in Saint Martin ↗️
- New IDTechEx Report Predicts Regulatory Shifts Will Transform the Electric Light Commercial Vehicle Market
- Almost 1 in 4 Planes Sold in 2045 to be Battery Electric, Finds IDTechEx Sustainable Aviation Market Report
- Digi Communications N.V. announces the release of Q3 2024 financial results
- Digi Communications NV announces Investors Call for the presentation of the Q3 2024 Financial Results
- Pilot and Electriq Global announce collaboration to explore deployment of proprietary hydrogen transport, storage and power generation technology
- Digi Communications N.V. announces the conclusion of a Memorandum of Understanding by its subsidiary in Romania
- Digi Communications N.V. announces that the Company’s Portuguese subsidiary finalised the transaction with LORCA JVCO Limited
- Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal
- OMRON Healthcare introduceert nieuwe bloeddrukmeters met AI-aangedreven AFib-detectietechnologie; lancering in Europa september 2024
- OMRON Healthcare dévoile de nouveaux tensiomètres dotés d’une technologie de détection de la fibrillation auriculaire alimentée par l’IA, lancés en Europe en septembre 2024
- OMRON Healthcare presenta i nuovi misuratori della pressione sanguigna con tecnologia di rilevamento della fibrillazione atriale (AFib) basata sull’IA, in arrivo in Europa a settembre 2024
- OMRON Healthcare presenta los nuevos tensiómetros con tecnología de detección de fibrilación auricular (FA) e inteligencia artificial (IA), que se lanzarán en Europa en septiembre de 2024
- Alegerile din Moldova din 2024: O Bătălie pentru Democrație Împotriva Dezinformării
- Northcrest Developments launches design competition to reimagine 2-km former airport Runway into a vibrant pedestrianized corridor, shaping a new era of placemaking on an international scale
- The Road to Sustainable Electric Motors for EVs: IDTechEx Analyzes Key Factors
- Infrared Technology Breakthroughs Paving the Way for a US$500 Million Market, Says IDTechEx Report
- MegaFair Revolutionizes the iGaming Industry with Skill-Based Games
- European Commission Evaluates Poland’s Media Adherence to the Right to be Forgotten
- Global Race for Autonomous Trucks: Europe a Critical Region Transport Transformation
- Digi Communications N.V. confirms the full redemption of €450,000,000 Senior Secured Notes
- AT&T Obtiene Sentencia Contra Grupo Salinas Telecom, Propiedad de Ricardo Salinas, Sus Abogados se Retiran Mientras Él Mueve Activos Fuera de EE.UU. para Evitar Pagar la Sentencia
- Global Outlook for the Challenging Autonomous Bus and Roboshuttle Markets
- Evolving Brain-Computer Interface Market More Than Just Elon Musk’s Neuralink, Reports IDTechEx
- Latin Trails Wraps Up a Successful 3rd Quarter with Prestigious LATA Sustainability Award and Expands Conservation Initiatives ↗️
- Astor Asset Management 3 Ltd leitet Untersuchung für potenzielle Sammelklage gegen Ricardo Benjamín Salinas Pliego von Grupo ELEKTRA wegen Marktmanipulation und Wertpapierbetrug ein
- Digi Communications N.V. announces that the Company’s Romanian subsidiary exercised its right to redeem the Senior Secured Notes due in 2025 in principal amount of €450,000,000
- Astor Asset Management 3 Ltd Inicia Investigación de Demanda Colectiva Contra Ricardo Benjamín Salinas Pliego de Grupo ELEKTRA por Manipulación de Acciones y Fraude en Valores
- Astor Asset Management 3 Ltd Initiating Class Action Lawsuit Inquiry Against Ricardo Benjamín Salinas Pliego of Grupo ELEKTRA for Stock Manipulation & Securities Fraud
- Digi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U., has completed the first stage of selling a Fibre-to-the-Home (FTTH) network in 12 Spanish provinces
- Natural Cotton Color lancia la collezione "Calunga" a Milano
- Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas
- Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze
- ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności
- Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity
- Digi Communications NV announces the release of H1 2024 Financial Results
- Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary
- Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results
- Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal
- Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.
- Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain
- SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2023 financial year
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022
- Digi Communications N.V. announces the granting of conditional stock options to Executive Directors of the Company based on the general shareholders’ meeting approval from 25 June 2024
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report
- Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall
- SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
- WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
- Museum of Unrest: a new space for activism, art and design
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
- Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
- Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
- Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
- Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
- Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
- Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
- Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
- Digi Communications N.V. announces the availability of the 2023 Annual Report
- International Airlines Group adopts Airline Economics by Skailark ↗️
- BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
- Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
- BevZero South Africa Achieves FSSC 22000 Food Safety Certification
- Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
- Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
- driveMybox continues its international expansion: Hungary as a new strategic location
- Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
- Digi Communications NV announces the release of the 2023 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
- Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
- Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
- Digi Communications N.V. Announces the release of the Financial Calendar for 2024
- Customer Data Platform Industry Attracts New Participants: CDP Institute Report
- eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
- BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
- Editor's pick archive....