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Obstacles to investing in the Western Balkans: The view of the private sector

http :// www.eurochambres.eu. Obstacles to investing in the Western Balkans: The view of the private sector. ASSOCIATION OF EUROPEAN CHAMBERS OF COMMERCE AND INDUSTRY. Partners for Investment Promotion. 18 months (May 2008 – November 2009) CARDS Regional Support

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Obstacles to investing in the Western Balkans: The view of the private sector

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  1. http://www.eurochambres.eu Obstacles to investing in the Western Balkans: The view of the private sector ASSOCIATION OF EUROPEAN CHAMBERS OF COMMERCE AND INDUSTRY

  2. Partners for Investment Promotion • 18 months (May 2008 – November 2009) • CARDS Regional Support • Beneficiary countries: Albania, Bosnia and Herzegovina, Croatia, former Yugoslav Republic of Macedonia, Montenegro, Serbia • Objective: to contribute to the development of a favourable environment for FDI in the region • Main activities: •  8 cluster partnerships •  Survey •  Focused training through ECH Academies

  3. Survey methodology • Qualitative! • Interview-based • Detailed questionnaires - WB: OECD questionnaire - EU: adapted • Responses: 860 WB + 259 EU

  4. Overview – Climate Increasingly good EU: WB:

  5. Overview - FDI Obstacles

  6. # 1: Corruption • EU majority considers it most important obstacle • WB Investor-State Dispute Settlement System:

  7. #2: Legal/regulatory uncertainty • EU majority considers it 2nd most important obstacle, i.e.: • Lack of protection • Lack of transparency • WB unpredicted regulatory changes + lack of info:

  8. Regional view - WB investors • Human capital

  9. Regional view - WB investors II • Access to finance + tax incentives

  10. Int’l view - EU investors • Lack of information • electricity/physical infrastructure • access to land/property & building costs • labour regulations

  11. Conclusion • Need for more political will + share of EU best practices • Need for full alignment with acquis / EU standards • Need for WB private sector to be consulted in the economic reform + education reform process • Need for EU private sector to be informed about FDI opportunities in WB

  12. Thank you! Micol Martinelli Senior Advisor – International Affairs  martinelli@eurochambres.eu

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