Capital and growth shine where efficiency rules

Estonia, with its advanced e-government and anti-corruption measures, has demonstrated significant progress in improving transparency within its public sector. This translates to the private sector as well and is reflected by the Ease of Doing Business Index (EDBI), where Estonia is 14 out of 190 economies. Research highlights a correlation between the two indices, with countries that score poorly on the CPI also tending to rank lower on the EDBI.

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On top of the category, there’s the Polish city of Wroclaw. It was a record year for greenfield projects, with an estimated capital expenditure of $5.3bn. The latter figure was helped along mostly by US chip giant Intel’s $4.6bn investment in a semiconductor assembly and test facility near the city. Located in the south-west region of Lower Silesia, Wroc?aw is also home to tech and innovation. According to the Polish Startups Report 2023, the region was home to the highest number of start-ups in the country, at roughly 28% of the country’s total last year.

The podium sees also Vilnius (3rd place). Like others in this category, Lithuania’s capital is an innovation hub accounting for more than 90% of the combined value of start-ups headquartered in the country. With more than 740 start-ups and three unicorns, Lithuania has been one of the fastest-growing start-up ecosystems in Central and Eastern Europe since 2017.

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The FDI attractiveness of a city or region is determined by factors such as economic potential, human capital, cost-effectiveness, connectivity, and business friendliness. With their strategic location, digital advancement, and favorable business climate, Poland and the Baltics continue to attract investment and businesses, setting up a benchmark for ambitious economies...

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