Financial Relations Between the Traditional western Balkan Six Countries

Regional cooperation between the western Balkan countries is the key factor that will lead those nations around the world for the EU perspective. Improving relations of the Western Balkan countries is a goal that needs to be fulfilled. The particular improvement of these associations is a commitment made by the countries on their own at the EU-Western Balkans Summit of Zagreb (2000) and Thessaloniki (2003). Local cooperation is the way towards regional economical prosperity, social and monetary stability.

It is very evident nowadays that the obligations and great things about the european Balkan countries are linked to the development and zwischenstaatlich cooperation. Cooperation is an issue applied in several fields, the ones of cross-border nature, to political understanding, addressing to a interpersonal and socio-economic prosperity.

Local cooperation is an important strategic approach of building positive relations. The 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.

I 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 We will give attention to bilateral economical relations between Albania and Serbia in the frame of integration process.


"We note increasingly more robust 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 the most considerable. Economic development is vital if the region is to produce the jobs needed for its people. Further efforts are needed to increase trust and cooperation between peoples and countries. In regards to justice and home matters, the countries need to boost regional cooperation to achieve results.

Extended regional cooperation in south-eastern Europe is essential, no matter different phase of integration of the Guest Post 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 carry on and foster all efforts to market regional cooperation. inches

Possibly the most tangible accomplishment of most lies in the fact that almost all of the Western Balkan countries need treatment on a path towards European Partnership accession, something that looked far off in the 1990s. It truly is incumbent after us all never to understate the serious challenges that lie in advance, both in conditions of macroeconomic stability and much more so with regard to longer-term development. A key share of this book is to underscore the incomplete reform 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 specifications towards Advanced European levels, and denying employment opportunities to numerous in the region.


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