Foreign investments plummet

Foreign companies have cut back the volume of their investments in Belgium by a third. Last year Belgium tumbled from 27th to 33rd place on an international ranking.

The ranking is compiled by the services group IBM.

Investment volumes fell as a result of the global economic downturn.

Foreign companies mainly invested in the metal-processing and the chemicals sectors.

Little new investment was made in research and development. Most of the investments were made in Antwerp. Brussels is now in second place.

Two-thirds of all foreign investments are made in Flanders.