Russians become biggest direct investors in Balkans

The Western Balkans may become "an alternative location for foreign direct investments."


This is according to a report by the Vienna Institute for International Economic Studies (wiiw).

According to the report, the reasons for this are the underutilized labor force and improved infrastructure, the Bosnia-Herzegovina based website Indikator is reporting.

The report on regional business also states that the influx of foreign direct investment in 2018 is influenced by global factors such as anti-Russia sanctions, US customs, Brexit, and digitization.

According to the data from central banks of the countries in the region, the largest investor in the five-year period in the Balkans is Russia, followed by Austria and Norway.

Slovenia attracted a majority of these FDIs, with Austria investing 16.4 billion euros in a five-year period. At the same time, in the nine-year period between 2005 and 2013 Austria has been the largest investor in Serbia with 2.3 billion euros.


Air Albania launches Tirana-Pristina flights

Albanian Prime Minister Edi Rama has announced that the Albanian national flag carrier, Air Albania, is going to set up flights from Tirana to Pristina.

Region Tuesday, August 28, 2018 10:32 Comments: 1
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