More than 70 per cent of agencies to attract investments are not fully utilize their capacities to attract investment, results of the International Finance Corporation (IFC) study testifies. Austrian Business Agency ranks the first in the survey. Several middle-income countries – in particular, Brazil, Botswana, Columbia have shown excellent results in attracting investments.
Among CIS countries Armenia is a leader in attracting investments. However, foreign investors who turn to state agencies to make investments in the former Soviet Union countries are likely to be disappointed: all former Soviet Union countries except Armenia, Georgia and Azerbaijan were included in the group of “weak” and “very weak” in respect of showings indicating their interaction with potential investors.
In fact, the vast majority of countries in the region, government agencies, responsible for attracting foreign direct investments, either simply not responded to requests from investors, or turned to be unavailable.
