Edition: International | Greek

Home » Events

Western Balkans leaders pledge to work together on deepening integration through trade and investment

Convening at the World Economic Forum Strategic Dialogue on the Western Balkans, leaders agreed three priority areas for action: trade and investment through public-private cooperation; building out the region’s digital ecosystem; and enabling the next generation of leaders

By: EBR - Posted: Friday, May 18, 2018

text size [–] [+]
“Today the leaders of the Western Balkans have signalled their serious intent to look to the future and transform their economies and their region and together work to advance the stability and prosperity the people of this region so richly deserve. The Western Balkans have the potential to become a new hub for growth and investment and the World Economic Forum is keen to provide a platform for this important dialogue and catalyse initiatives, which also bring together the business leaders and next generation to create investment, jobs and skills,” said Borge Brende, President, Member of the Managing Board, World Economic Forum.
“Today the leaders of the Western Balkans have signalled their serious intent to look to the future and transform their economies and their region and together work to advance the stability and prosperity the people of this region so richly deserve. The Western Balkans have the potential to become a new hub for growth and investment and the World Economic Forum is keen to provide a platform for this important dialogue and catalyse initiatives, which also bring together the business leaders and next generation to create investment, jobs and skills,” said Borge Brende, President, Member of the Managing Board, World Economic Forum.

MORE ON Events

Leaders from the six Western Balkans economies – Serbia, Bosnia and Herzegovina, Montenegro, Kosovo, the former Yugoslav Republic of Macedonia and Albania, met on May 17th to boost cross-border cooperation and regional stability.

Meeting under the auspices of the World Economic Forum’s Strategic Dialogue on the Western Balkans, which took place in Sofia, Bulgaria, on May 17th, leaders from the six economies pledged to pursue a joint agenda focused on three clear goals” strengthening growth through public-private partnership; driving a future-oriented digital ecosystem; and supporting next-generation leadership.

The move follows an initial meeting of leaders from the six economies at the World Economic Forum Annual Meeting 2018 in Davos-Klosters, Switzerland. More than 50 regional and international leaders from government and business participated in the meeting. Reflecting the region’s significance, the meeting was opened by Boyko Borissov, Prime Minister of Bulgaria and Sebastian Kurz, Federal Chancellor of Austria. 

Other speakers include Suma Chakrabarti, President of the European Bank for Reconstruction and Development, Kristalina Georgieva, Chief Executive Officer of the World Bank and Werner Hoyer, President of the European Investment Bank.

“Today the leaders of the Western Balkans have signalled their serious intent to look to the future and transform their economies and their region and together work to advance the stability and prosperity the people of this region so richly deserve. The Western Balkans have the potential to become a new hub for growth and investment and the World Economic Forum is keen to provide a platform for this important dialogue and catalyse initiatives, which also bring together the business leaders and next generation to create investment, jobs and skills,” said Borge Brende, President, Member of the Managing Board, World Economic Forum.

“Helping restore the Western Balkans on a path towards stability and prosperity will be one of the priorities of Austria’s upcoming presidency of the European Union. I see this meeting as an important milestone towards this goal,” said Kurz.

The meeting also convened a session focusing on transport infrastructure, where transport ministers from all six Western Balkans economies committed to expand efforts to improve physical and digital connectivity. According to the World Economic Forum’s Global Competitiveness Report 2017-2018, the economies of the Western Balkans are among the least competitive in Europe. Of the four measured in the report, Albania ranks the highest, at 75 in the global ranking, closely followed by Montenegro (77) and Serbia (78). Bosnia and Herzegovina is the least competitive of the four, ranking 103.

Representing the six Western Balkans economies at the meeting were; Ana Brnabic, Prime Minister of Serbia; Zeljka Cvijanovic, Prime Minister of the Srpska Republic, Bosnia and Herzegovina; Dusko Markovic, Prime Minister of Montenegro; Edi Rama, Prime Minister of Albania; Hashim Thaci, President of Kosovo; and Kocho Angjushev, Deputy Prime Minister of the former Yugoslav Republic of Macedonia.

Europe

The balance of powers in the new European Parliament

With majorities in the European Parliament becoming more unstable, votes are becoming more unpredictable. The power structure has shifted considerably as a result of the European elections. While the liberal group Renew Europe will likely be decisive, German MEPs are set to be the most influential

Business

Here’s how a trade war between the US and China could reshape the global order

US-China trade tensions have negatively affected consumers as well as many producers in both countries. The tariffs have reduced trade between the US and China, but the bilateral trade deficit remains broadly unchanged

Editor’s Column

Boris Johnson and his mandate to take the UK out of the EU

By: N. Peter Kramer

The ball has come out of the scrum and Boris Johnson has been able to claim it. Many people are asking now, what is he going to do with it

MARKET INDICES

Powered by Investing.com

Magazine

View 02/2019 2019 Digital edition

Current Issue

02/2019 2019

View past issues
Subscribe
Advertise
Digital edition

All contents © Copyright EMG Strategic Consulting Ltd. 1997-2019. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron :)