Germany hit hard as foreign investment falls in Europe, EY survey shows

Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWireLONDON - Foreign direct investment into Europe fell 4% last year, with Germany seeing a sharp 12% drop in projects amid concern over its economic slowdown and energy security, a survey by professional services group EY found.

EY EMEIA Area Managing Partner Julie Teigland said the sheer pace of regulation coming on-stream was creating daunting compliance challenges in particular for smaller companies. "We are not saying regulation is bad ... but allowing SMEs the time to deal with it is going to be important," she added. Those reforms ranged from deepening the EU's single market and fostering more research to creating a unified energy market.

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