US Looks East
U.S. firms expect the 10 new members of the European Union to invest, rather than traditional countries such as Germany, the EU Observer reported.
In a report conducted by the American Chamber of Commerce and the Boston Consulting Group, 26 percent of U.S. firms view Eastern Europe as a good region for business investment.The rate of U.S. investment in Eastern Europe has doubled during the last year.
The 10-new member states are gaining business, not only from industrial sectors, such as car manufacturers, but also in services and IT support.
The Observer said U.S. companies view Poland, the Czech Republic and Slovakia as the most attractive labor markets in Europe, followed by the United Kingdom and Ireland.
The report indicates one-fifth of U.S. companies active in Germany are considering moving their businesses to another location.