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FDIs have also entailed a series of political implications in addition to the economic effects, especially in the context of the accession of Central and Eastern European countries to the European Union. According to the specialists, for a given country intense growth periods are characterized by the attraction of important Hows of foreign direct investments (Lipsey, 2000, page 72). Although Romania has experienced high economic growth rates, it was not supported to the same degree by foreign direct investments. For the countries with developing or in transition economies, these resources can not be provided from the domestic economy, and therefore, these states elaborate their policies to attract foreign investors capable to provide the best possible investment structure. [ABSTRACT FROM AUTHOR]

The increase of the foreign property in the CEE countries took place at the same time with the increase of the concentration on the banking market. The foreign countries contributed to the highest concentration level of the banking market through two channels: the acquisition by the foreign banks of some local institutions and the consolidation of the local (autochthonous) institutions. Plus, the capital markets have developed considerably in the CEE countries, offering the firms alternative financing sources. [ABSTRACT FROM AUTHOR]