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The aim of this paper is to examine the potential impact of foreign investors' activities on the environment of the new European Union's Member States and discuss a role of a common environmental policy and member states' policies towards foreign investors. The analysis embraces three new EU countries, namely the Czech Republic, Poland and Slovakia. The scope of the analysis are years 1997-2007. The subject of the analysis is the sector and branch structure of FDI stock in the new EU Memberdoi:10.2478/v10103-011-0016-0 fatcat:gkjhit2iqbaspnzqndodcqgrfa