Group Info

Economical Relations Between the Traditional western Balkan Six Countries

Regional cooperation between the western Balkan countries is the key factor that will lead those countries for the EU perspective. Improving relations of the Western Balkan countries is a goal that needs to be fulfilled. Typically the improvement of these associations is a commitment made by the countries themselves at the EU-Western Balkans Summit of Zagreb (2000) and Thessaloniki (2003). Local cooperation is the way towards regional monetary wealth, social and monetary stableness.

It is very evident nowadays that the obligations and benefits associated with the western Balkan countries are linked to the development and zwei staaten betreffend cooperation. Cooperation is an issue applied in various areas, the ones of cross-border nature, to political understanding, addressing to a sociable and socio-economic prosperity.

Local cooperation is an important strategic approach of building positive relations. The Traditional western Balkan countries should be opened to collaborate towards a sustainable economy, regional collaboration and partnership as factors of essential strategic importance of building positive relations among them.

We will do the analysis of the impact of such collaboration in in the economical cooperation, attaining financial stability and identifying the respective competitive advantages, conditioning regional market integration and mutual elimination of non-tariff trade barriers. In specific, in this paper I will give attention to bilateral financial relations between Albania and Serbia in the framework of integration process.


"We note increasingly better support among the nations of the region for the development of local ties. It is very encouraging that the areas of trade, energy and transport are among those where regional cooperation is among the most considerable. Economic development is vital if the region is to create the jobs needed for its people. Further initiatives are needed to increase trust and cooperation between peoples and countries. In the area of justice and home extramarital relationships, the countries need to improve regional cooperation to achieve results.

Extended regional assistance in south-eastern Europe is essential, irrespective of different phase of Forbes integration of the various countries, and an important criterion for the European course of the western Balkan countries. The stability, prosperity and security of the region are of significant interest to the EU. The EU will continue to foster all work to market regional cooperation. inch

Perhaps the most tangible accomplishment of all lies in the fact that the majority of the Western Balkan countries need treatment on a path towards European Partnership accession, something that looked remote in the nineties. It is incumbent after us not to understate the serious challenges that lie forward, both in conditions of macroeconomic stability and even more so with regard to longer-term development. A key share with this book is to underscore the incomplete change process in the region. We should be worried about this, as without further reconstructs the lackluster growth of recent years could become the norm, imperiling the convergence of living standards towards Advanced European levels, and denying employment opportunities to numerous in the region.


According to David Lipton, IMF first deputy managing Director, this individual transition from socialism to capitalism and democracy was less smooth than in other parts of Rising Europe. But once the war ended and peace returned, these countries do more than rebuild: they commenced a transformation into market economies, liberalizing prices, privatizing many state- and socially-owned enterprises, and building the institutions needed to support a market overall economy.