US leads ventures in Eastern Europe
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.NEW YORK - American companies are outpacing their West European rivals in investment in Eastern Europe, according to a survey conducted by the East European Investment Magazine, based here, writes Michael Marray.
The survey found that American companies were at the top of the list both in the total value and number of deals announced during the 12-month period ended September 1992, with 219 acquisitions, joint ventures or greenfield investments.
This amounted to a planned investment of almost dollars 8bn, pushing Italian and UK companies into second and third places respectively. Germany was ranked fourth, though most German companies are pre-occupied with domestic investment in what was East Germany, which does not show up in the figures.
For American companies, the most popular target out of the 28 countries that formerly made up the eastern bloc is Russia, which was involved in 78 deals worth dollars 3.2bn, including an oil and gas industry venture from Conoco. Chevron is investing in an oilfield in neighbouring Kazakhstan.
After Russia come Poland, with 29 deals valued at dollars 1.5bn, what was Czechoslovakia with 28 deals valued at dollars 660m, and Hungary with 39 deals worth dollars 640m. These included a venture by Philip Morris in Czechoslovakia.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments