Corruption hindering Western Balkan development, report says

Article discusses a Eurochambres report 'Obstacles to investing in the Western Balkans: The view of the private investor', November 2009.

The region of the Western Balkans benefits from various advantages such as its geographic and cultural proximity to the European Union and a preferential trade system offering almost unlimited access to the Single Market.

See also the related url hyperlink to the report on the Gallup Balkan Monitor event 'Governance and corruption – breaking the cycle' held on the 11 June 2010.

In spite of an increasingly positive appraisal of the overall climate for foreign direct investments (FDI) in the region, the present survey demonstrates that significant gaps remain between the current situation and the potential for investments.

The report gathers the views of both the EU private sector and the domestic private sector in Albania, Bosnia and Herzegovina, Croatia, the former Yugoslav Republic of Macedonia, Montenegro, and Serbia and, as such, it is part of the “Partners for Investment Promotion” project, a EUROCHAMBRES’ initiative co- financed by the European Union to develop a favourable environment for attracting and retaining foreign investments in the Western Balkans.

EurActiv, 11.6.10: Perception of corruption in Western Balkans ‘increasing’ http://www.euractiv.com/en/enlargement/perception-of-corruption-in-western-balkans-increasing-news-495141

Website: Gallup Balkan Monitor http://www.balkan-monitor.eu/

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