Germany ranks among top countries for foreign investment

Germany ranks among top countries for foreign investment
Developers and politicians involved in Frankfurt runway project. Photo:DPA
Germany remains a favourite destination for international investors despite the global economic crisis, according to a new survey by professional services firm Ernst & Young.

A worldwide ranking based on answers from more than 1,000 high-level decision makers put Germany in sixth place behind China, the United States, India, Russia and Brazil.

Forty-three percent of poll participants said Germany had the best conditions to overcome the economic crisis.

“This definitive result was a surprise to us,” Ernst & Young expert Peter Englisch said.

Only 11 and 9 percent of those asked thought Britain and France were well-poised to deal with the crisis, he added.

Deciding factors for considering a country a good place to invest included innovation, entrepreneurial spirit, sector-specific know-how, and different large industrial groups.

Many investors said they trust Germany will navigate the current downturn with mastery.

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