Financial Relations Between the European 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. Enhancing relations of the Western Balkan countries is a goal that ought to be fulfilled. The particular improvement of these associations is a commitment made by the countries by themselves 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 clear nowadays that the obligations and great things about the western Balkan countries are tied to the expansion and bilateral cooperation. Cooperation is an issue applied in several fields, the ones of cross-border nature, to political understanding, addressing to a sociable and socio-economic prosperity.

Regional 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 tactical importance of building positive relations among them.

I will the actual analysis of the impact of such collaboration in in the economical cooperation, reaching economical 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 actually will give attention to bilateral economical relations between Albania and Serbia in the frame of integration process.

INTRO

"We note increasingly more powerful support among the countries of the region for the development of regional ties. It is very encouraging that the areas of trade, energy and transport are among those where regional cooperation is among the most substantial. Economic development is essential 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 enhance regional cooperation to achieve results.

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

Possibly the most tangible success of all lies in the fact that the majority of the Western Balkan countries are on a path towards European Union accession, something that seemed remote in the 1990s. It is incumbent after us not to understate the serious challenges that lie ahead, both in conditions of macroeconomic stability and more so with regard to longer-term development. A key factor of the book is to underscore the incomplete reform process in the region. We should be worried about this, as without further reforms the lackluster growth of recent years could become the norm, imperiling the convergence of living requirements towards Advanced European levels, and denying employment opportunities to many in the region.

ANALYSIS OF THE FINANCIAL RELATIONS BETWEEN THE WESTERN BALKAN COUNTRIES

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 Emerging Europe. But once the war ended and peace returned, these countries did more than rebuild: they started out 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.

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