Forum on Western Balkans economic area held in Tirana

Four are the pillars upon which the strategy for creating the Western Balkans regional economic area is based.

A forum for the future of the regional economic area was held in Tirana to introduce these four pillars, which are imposed on entrepreneurship, since it is the latter that will have tangible benefits from this EU-driven project.

Thus, all potential investors will see their markets expand to 20 million customers, the total population of the Western Balkans area.

Albania’s National Coordinator of the EU-driven project, Milena Harito presented the four pillars relating to investments, facilitating trade measures, recognition of diplomas for free professions and digitalization.

This forum was also addressed by the Minister of Entrepreneurship Sonila Qato, as well as the head of the Union of Chambers of Commerce and Industry of Albania Union Ines Muçostepa.

The regional economic area is expected to establish a better geographical distribution of businesses, and it also aims to be based on regional investments as well as on a new strategy in terms of capital markets.

Albania, Bosnia, Kosovo, Macedonia, Montenegro and Serbia, all hoping to join the European Union, launched the project at a meeting with EU officials and financial institutions in June in Trieste.

The aim is to create a single market of 20 million people with support from the EBRD, which has so far invested 10 billion euros ($11 billion) in the region.

SCAN

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