FOREIGN DIRECT INVESTMENT IN THE SOUTHERN AND THE NEW ACCEDING EUROPEAN COUNTRIES: REPLACEMENT OF ACTIVITIES?.

In this paper, after a general overview of the economic situation of the new EU countries of 2004, we start by studying the foreign direct investment (FDI) by economic sector in the three Baltic countries (Estonia, Latvia and Lithuania), the five Central countries (Czech Rep., Poland, Hungary, Slovakia and Slovenia), besides Cyprus and Malta. In second place, we will monitor the potential and performance FDI indices for acceding countries and for Spain, Portugal and Greece. Finally, we present some conclusions.