Foreign direct investment
The arbitration case brought by EVN against Bulgaria at the International Center for Settlement of Investment Disputes (ICSID) at the World Bank in Washington is over, writes Capital.
The decision has not yet been published, but the Austrian firm has announced that it will not be paid the damages sought, which, according to unofficial information, was about 500 million euros.
In our age of globalization and economic interdependence, attracting foreign direct investment is vital for a country's economy. FDI helps create jobs, stimulate growth, boost competitiveness and revenues, facilitate the transfer of technology and know-how, and enhance innovation.
As Greece strengthens its external business links FDI becomes ever more important for the country.