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Growth opportunities

SEE’s GDP grew faster than that of the EU in 2001-2019; 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$7bn per year to the region in the period 2018-2019

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Continuous improving

Continuous improving business environment – Doing business ranking in 2019 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


SEE Special Economic Zones (courtesy of OECD)

The region hosts 40 established Special Economic Zones covering almost 3500 ha of land.

(Click on the spots on the map to read more on the specific special economic zone)

Lending rates in the SEE region compared to BRICS

Brazil
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 2019-20
Note: Source for projections for 2020 is IMF World Outlook Database, April 2020

Fiscal balance, % of GDP

Source: World Bank, Western Balkans Regular Economic Report, No 15, spring 2019

FDI inflows, in USD millions

Source: UNCTAD, Investment Report June 2020

Public debt, % of GDP

Source: World Bank, Western Balkans Regular Economic Report, No 15, spring 2019

Credit ranking by Standard & Poor's

Credit ranking by Standard & Poor's Rating Outlook
Albania B+ Stable
Bosnia and Herzegovina B Stable
Kosovo
North Macedonia BB- Stable
Montenegro BB+ Negative
Serbia BB+ Stable

Doing business rank

Doing business rank 2018 2019 2020
Albania 65 63 82
Bosnia and Herzegovina 86 89 90
Kosovo 40 44 57
North Macedonia 11 10 17
Montenegro 42 50 N/A
Serbia 43 48 N/A

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

“One big advantage for our company is our position geographically. We are situated in the crossroad of the Balkans and have easy access by road to most European countries.”

“Strengths: geographical position, regular VAT returns, flat tax, professional relationship with the governmental institutions.”

IRENA JAKIMOVSKA, MANAGING DIRECTOR, COMFY-ANGEL PRILEP

Partners

Ebrd

Strategic partner

Karanovic Nikolic

Content partner

Confida

Content partner

I&F McCann

Communications partner