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Growth opportunities

SEE’s GDP grew faster than that of the EU in 2001-2017; predicted to accelerate in the years to come

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Ease of doing business

Starting a business in the SEE is the easiest compared to Latin America, East Asia and Pacific, Middle East and North Africa in terms of days and procedures

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Strong investors’ confidence

Strong investors’ confidence in the SEE - bringing steady above US$4.5bn per year to the region in the period 2013-2017

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Continuous improving

Continuous improving business environment – Doing business ranking in 2017 shows major progress of the region compared to 2008

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Strategic location

Access to EU market, Russia, Middle East via Turkey; strategic location for investment and trade opportunities and abundance of geo-natural resources

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Skilled workforce

Availability of skilled workforce across various sectors, particularly manufacturing, ICT, further strengthens region’s FDI regime

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Competitive lending rates

SEE region offers competitive lending rates, lower than major emerging markets such as BRICS

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Emerging innovation hub

SEE is emerging as an innovation hub with smart and innovative technology solutions

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GDP USD 11.87 billion
GDP per capita USD 4,126
population 2,876,000
FDI (2013 - 2017) USD 5,300 million

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GDP USD 16.55 billion
GDP per capita USD 4,298
population 3,854,000
FDI (2013 - 2017) USD 1,755 million

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GDP USD 6.62 billion
GDP per capita USD 3,602
population 1,839,000
FDI (2013 - 2017) USD 1,189 million

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GDP USD 10.91 billion
GDP per capita USD 5,264
population 2,073,000
FDI (2013 - 2017) USD 1,387 million

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GDP USD 4.18 billion
GDP per capita USD 6,707
population 623,000
FDI (2013 - 2017) USD 2,489 million

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GDP USD 37,75 billion
GDP per capita USD 5,348
population 7,058,000
FDI (2013 - 2017) USD 9,994 million

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Why SEE

SEE region is one of the fastest growing regions in Europe, with rates forecasted at 3%-4%. In addition, the region is marked by overall macroeconomic stability featured by low inflation, low budget deficit and stable public debt. SEE region’s economies are continuously improving their business environment, offering a favorable cost structure — characterized by comparatively low labor and utility costs, and a favorable tax regime. SEE’s location provides easy connectivity for trade and transportation, with great position to serve the markets of the EU, Russia, Turkey, the Middle East, and Northern Africa.

Favorite tax

Favorable tax regime & Attractive lending rates

Strategic

Strategic location & Interconnected region

Skilled

Skilled workforce

Abundance

Abundance of geo natural resources


Lending rates in the SEE region compared to BRICS

Brasil
6.8%
Russia
7.5%
India
6.0%
China
4.4%
South Africa
6.8%
Albania
1.3%
Bosnia and Herzegovina
3.9%
North Macedonia
3.3%
Serbia
3.5%
Source: Bloomberg L.P and local central banks
Note: No data for Montenegro and Kosovo since they adopted euro as their national currency

GDP growth rate (in %)

Source: EBRD, Transition Report 2017-18
Note: Source for projections for 2019 and 2020 is IMF World Outlook Database, October 2018

Fiscal balance, % of GDP

Source: World Bank, Western Balkans Regular Economic Report, No 13

FDI inflows, in USD millions

Source: UNCTAD, Investment Report 2017

Public debt, % of GDP

Source: World Bank, Western Balkans Regular Economic Report, No 12

Credit ranking by Standard & Poor's

Credit Ranking by stardard & poor's Rating Outlook
Albania B+ Stable
Bosnia and Herzegovina B Stable
Kosovo
North Macedonia B-- Stable
Montenegro B+ Stable
Serbia BB Positive

Doing business rank

Doing business rank 2008 2018
Albania 136 65
Bosnia and Herzegovina 105 86
Kosovo 40
North Macedonia 75 11
Montenegro 81 42
Serbia 86 43
Source: World Bank - Doing Business Report

Latest updates

A2A Selling its Stake in Elektroprivreda Crne Gore – Potential for New Partners

A2A Selling its Stake in Elektroprivreda Crne Gore – Potential for New Partners

A2A, the Italian utility company, ended the process of selling its 41.75% stake in the Montenegrin energy company Elektroprivreda Crne Gore.

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Hydro Power Plants on Morača River

Hydro Power Plants on Morača River

In 2010 the Government of Montenegro adopted two key documents: “Draft Detailed Spatial Plan for an area of multipurpose accumulations on the Morača river” and “Draft Strategic Environmental Assessment”, developed by the Norwegian consortium COWI, Oslo.

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Hydro Power Plants on Komarnica River

Hydro Power Plants on Komarnica River

According to the existing documentation, HPP Komarnica would be frontal HPP and accumulation in the basin of river Piva.

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Aerodromi Crne Gore JSC Podgorica – Valorisation models/Stock exchange

Aerodromi Crne Gore JSC Podgorica – Valorisation models/Stock exchange

Aerodromi Crne Gore JSC Podgorica were registered at the Montenegro, as a joint-stock company for service activities in air traffic.

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The Repurposing Mamula Island

The Repurposing Mamula Island

The Island of, located at the mouth of Kotor Bay and Mamula fortress, is undergoing a repurposing project operated by the established company Orascom Hotel Management Mamula Montenegro.

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Investment in Geological Exploration in Montenegro

Investment in Geological Exploration in Montenegro

The Russian oil and gas company, Novatek, plans to invest 40 million euros in geological exploration in Montenegro, according to Moscow media. In September 2016, Montenegro signed a concession contract with Novatek and the Italian Eni for the development of research blocks 4118-4, 4118-5, 4118-9 and 4118-10, with a total area of about 1,200 square kilometers of Montenegrin territorial waters.

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Beta News

Experience Western Balkans 6 in a short video

Investors' confidence

“We were, amongst other benefits, attracted to Bosnia and Herzegovina by competitive labor force prices in comparison to high professional standards of local employees. Also, in the first years of operation, we had enjoyed tax policies which were highly in favor of foreign investors. A stable local currency pegged to Euro, low inflation rate as well as the rising incentives towards integration into the EU market, were additional levers for us to invest and settle in this area.”

EDINA VELIĆ, HEAD OF LEGAL DEPARTMENT, PERUTNINA PTUJ

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I&F McCann

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