The Western Balkans region is experiencing increased growth and inward investment, and according to the World Bank, its rate of economic growth hit 3.8% in 2018 and is projected to outpace that of the EU at an average of 3.7% for the period 2019-20.
Potential exists in sectors as diverse as ICT, finance and services, agriculture, automotive parts and tourism. Investors say they are attracted to the countries that make up the region – Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Montenegro and Serbia – because of macroeconomic stability characterised by low inflation, low budget deficit and stable public debt. The region’s economies are improving their business environment, and offering comparatively low labour and utility costs, combined with a favourable tax regime. However, challenges remain, with further reforms needed to speed up administration, improve trade flows, reduce red tape and develop workforce skills.
The Financial Times and Western Balkans 6 Chamber Investment Forum present the Western Balkans Forum, a half-day event featuring speeches, presentations, discussions and dialogues exploring the opportunities of investing in the region. Guests will have the chance to listen to and network with political leaders and policy makers, business leaders who have invested in the region, as well as consultants, economists and officials from international financial institutions.