The Western Balkans may become an alternative location for direct foreign investment
The Western Balkans may become an alternative location for direct foreign investment, the Vienna Institute for International Studies (WIIW) said in a recent report, stating that the principal reasons for this are underutilized workforce and improved infrastructure.
In the WIIW’s report on regional business, it is stated that the influx of foreign direct investment in 2018 is influenced by global factors such as sanctions to Russia, US customs, Brexit, digitization.
According to the data of the central banks of the countries in the region, the largest investor in the five-year period in the region is Russia, followed by Austria and Norway, Indikator.ba reports.
Russia is the largest investor in Montenegro with a total of EUR 426 million in investments.
Slovenia attracted the most investments, and in that country neighboring Austria invested 16.4 billion euros in a five-year period. At the same time, Austria in the nine-year period 2005-2013 is the largest investor in Serbia with 2.3 billion euros. This country is the largest investor in Bosnia and Herzegovina, where it has invested 1.2 billion euros from 1994 to the end of 2016.
In the period from 2014 to April 2018, the Netherlands is the largest investor in Croatia with EUR 3.35 billion.
Switzerland is the leading investor in Albania (EUR 1.08 billion), and in Macedonia (EUR 277 million) for a five-year period.