The paper deals with the features of German transnational corporations’ investment activity within the last
decade. The period of active foreign direct investing during 2004–2007 and the period of FDI decline due to the global
economic and financial crisis are distinguished. The sectoral and regional structures of German TNCs’ investments
are analyzed as well. The special accent is made on the issue of investment attractiveness of Central and Eastern
Europe, especially Ukraine, for the German TNCs. It was revealed that stability and predictability of the situation in
the country and main features of its market are more important for German corporations when choosing the host
country, than regulatory restrictions on foreign direct investment. This is a very important issue for the FDI attraction
into Ukrainian economy.
Keywords: TNCs, FDI, international capital flows, regulatory restrictions, Central and Eastern Europe,
Ukraine.