Regional PMs: Stability crucial for investment

Regional PMs: Stability crucial for investment

LONDON -- The European Bank for Reconstruction and Development brought together in London on Monday seven prime ministers (PMs) from the Western Balkans, Tanjug said.

Representatives of the international community, international financial institutions and potential investors also gathered for a day-long conference on investing in the Western Balkans.

Participants of the conference discussing opportunities for cooperation and partnerships to facilitate investments in the Western Balkans said that stability and regional cooperation are crucial to economic development and presenting the region as an investment destination.

Serbian Prime Minister Ivica Dačić presented Serbia's results in creating a climate favorable for business and investment, pointing out that no project can be completed without stability in the region.

Pointing out the importance of good-neighborly cooperation, Dačić stressed that “we need to better organize among ourselves to pursue our joint interests.”

European Enlargement Commissioner Stefan Fule officially presented for the first time today a new model of investment approved by the European Commission (EC) - a new approach to investing in the Western Balkans to pull the region out of the economic crisis.

“As Europe shows the first signs of emerging from the crisis, this is a key moment for the Western Balkans to seek to attract more investment,” Fuele said, adding that the new approach "is about building a common understanding between leaders of these countries and potential investors on the priorities for economic reform."

It means that the countries of the Western Balkans, with the help of...