Ernst & Young announces: Do these things to increase foreign direct investment

 Ernst & Young (EY) has published the second part of the results of the EY Europe Attractiveness Survey 2024 to increase foreign direct investment (FDI) in Europe.

According to the statement made by the company, the report, which is an annual analysis of FDI across Europe, sets out 9 actions to support European companies and national governments in attracting more FDI.

The second part of the EY Europe Attractiveness Survey 2024 results was published with new findings following the initial survey, which revealed that FDI into Europe decreased by 4 percent in 2023 compared to 2022.

DECLINE CONTINUES SINCE 2020

According to the report, while FDI was expected to recover after the pandemic, it has been falling since 2020 due to slowing economic growth, inflationary fluctuations, rising energy prices, and a volatile geopolitical environment.

The actions that governments should take to increase investments in Europe are listed in 9 points as follows:

"Striking the right balance, uniting to respond quickly to global trade competition, rebuilding confidence in energy prices and supply, maintaining competitiveness in production, creating an efficient environment for innovation, paving the way for private investment with a full-scale Capital Markets Union, focusing on the economic aspects of sustainability, increasing labor productivity and supporting a qualified workforce, and balancing tax competitiveness with revenue growth."

'STEPS MUST BE TAKEN CAREFULLY'

In the statement, EY Turkey Strategy and Corporate Finance Leader Özge Gürsoy Büyükavşar, noting that she was making the statement based on the research results, conveyed that steps must be taken carefully for Europe to be seen as an attractive destination by investors seeking a resilient and dynamic market.

Gürsoy noted that they believe the action plan, which emerged within the scope of the meetings they held with executives, will prepare a favorable environment for the growth, stability, and innovative stance of institutions, governments, and companies in Europe, and stated, "In this way, Europe can show investors worldwide that the continent is not only open to the business world but is also a thriving hub for sustainable and forward-looking investments."

News Source: 12punto