According to EY’s European Attractiveness Survey 2022, Portugal is currently considered the eighth most attractive country in Europe for foreign direct investment (FDI).
“Portugal has risen from 10th to 8th in the European rankings of the countries with the most FDI projects announced in 2021. That year, the Portuguese economy fell sharply due to the Covid-19 pandemic. Following that, it has grown at the fastest pace in decades, “says EY, a global consulting firm with offices in 700 countries.
According to a survey, in 2021 Portugal attracted 200 FDI projects. This represents a 30% increase compared to the 154 announced in 2020. Last year, Portugal moved up two positions in this ranking to 8th, with Poland and Ireland currently 9th and 10th.
Last year, 5,877 FDI investment projects were announced in Europe. This is 5% more than in 2020, but 12% below the 2017 figure.
This performance was described by “Efforts by the European Commission to Promote Growth in the Region”, with 63% of respondents saying “The European Resilience and Resilience Fund will maintain or expand its business in Europe.” It was a decisive factor in the decision. ” “.
However, investors acknowledge that the “new geopolitical and economic environment”, primarily due to Russia’s invasion of Ukraine, can undermine “Europe’s immediate appeal.” Still, the long-term outlook is bright, with 64% of respondents confident that Europe will become more attractive over the next three years.
CLBrief reported that France was considered the most attractive European economy for FDI, followed by the United Kingdom and Germany.
