Financial Times FT.com

Foreign investment: Pioneers find a gateway to new eastern markets

By Thomas Escritt

Published: March 6 2008 16:49 | Last updated: March 6 2008 16:49

Radauti, in Bukovina, on Romania’s north-eastern border with Ukraine, has a harder time attracting investment than the strategically-located cities of Transylvania.

A look at the map gives part of the explanation: where cities such as Cluj or Brasov are on the main routes heading west, guaranteeing easy access both to Romania’s large domestic market and to the markets of the wider European Union, Suceava county looks to the non-EU markets of Ukraine, the post-Soviet Commonwealth of Independent States, and Moldova.

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