In October 2019, at the trilateral meeting in Novi Sad, the Declaration on Free Movement of Goods and Citizens was signed between Albania, Northern Macedonia and Serbia.
In 2018, the Western Balkans recorded the largest inflow of greenfield direct investment (FDI) with the value of USD9.36bn in 2018, the highest amount since 2003, according to the fDi report
Serbia began its first moves towards the economic unification of the Balkan countries. The idea of an economic "new business deal for the Balkans" not only exists, but it is also presented in the important places in Europe.
As the only Central and Southeast (CSE) country Estonia moved from a position of a Moderate Innovator into a group of Strong Innovators in the European Innovation Scoreboard 2019 (EIS) prepared by the European Commission (EC).
Sarajevo hosted the annual meeting of the European Bank for Reconstruction and Development (EBRD). It attracted political and economic stakeholders of the Balkan region.
In the first three quarters of 2018, CSE’s combined exports to China totaled USD17.6bn, a record high and up by over 20 per cent y/y. But the region has been racking up a large trade deficit with the Asian nation.
The 2019 Economic Freedom Report by The Heritage Foundation shows that the world seems to be at a crossroads — it may continue on the path of economic freedom or it may return to hindered growth and development.
Against the background of deteriorating relations between the United States and China, the European Union's strong economic ties with the two countries pose a serious dilemma.
The EU has been present on the Macedonian market for years and European FDI stimulates the high-value exports and lowers the trade deficit benefiting both parties.
The next year Poland will host an important event — the EU-Western Balkan summit. The goal is to provide some solutions to existing socio-economic problems and to further strengthen cooperation between Balkan states.