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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

Tikveš Wine Route with New Investments

Tikveš Wine Route with New Investments

The "Tikveš Wine Route" foundation announced several new investments and projects.

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Border crossing point Markova Noga

Border crossing point Markova Noga

The border crossing point Markova Noga, between North Macedonia and Greece located in Prespa is expected to be opened.

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Wastewater Treatment Plants

Wastewater Treatment Plants

Construction of wastewater treatment plants in the municipality of Bitola is underway, with funds provided by the municipality, the Ministry of Environment and UNDP.

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Investment in Irrigation Systems

Investment in Irrigation Systems

The Ministry of Agriculture, Forestry and Water Economy and the Agency for Financial Support of Agriculture this year will begin with investments and the rehabilitation of the irrigation systems and dams, in an amount of EUR 10 million.

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Border crossing point Klepalo

Border crossing point Klepalo

The border crossing point between North Macedonia and Bulgaria, located near Berovo on the Macedonian side and Strumjani on the Bulgarian side, should be opened by 2020.

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Railroad Bitola - Kremenica

Railroad Bitola - Kremenica

Construction works for the railway line from Bitola to Kremenica on the Macedonian - Greek border are complete, and a successful test was run in April 2019.

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Beta News

Experience Western Balkans 6 in a short video

Investors' confidence

“Western Balkans are generally growing over average in the last years and there is a need for further development over the next years, especially in the sector of construction which is fundamental for us.
Furthermore the  country is well situated not only with regard to Western Balkans, but also to current EU-states as Greece, Romania, Bulgaria.”

“The overall experience is good, we were able to develop and grow the business, the above mentioned expectations have been confirmed.”

ARCELOR MITTAL, WOLFGANG MARINGER, PLANT DIRECTOR, ARCELOR MITTAL

Partners

Ebrd

Strategic partner

Karanovic Nikolic

Content partner

Confida

Content partner

I&F McCann

Communications partner