It is important to note that currency appreciation is relative, as it is measured against another currency. For example, if the Lek appreciates against the Euro, it means that the Lek buys more Euros, but it does not necessarily mean...
The economy grew strongly in 2023, by around 6 percent, the highest in BP6, driven mostly by tourism, which exceeded 2019 levels, and the inflow of immigrants continued to support private consumption[1]. In 2024, tourism growth is expected...
Kosovo's economy has continued to perform well, despite the challenging external environment. Real GDP growth slowed to 3.3 percent in 2023, amid low growth in major trading partners and diaspora countries. Domestic demand was the main driver of the economy....
In 2023, the population of the Western Balkans (WB6) is 16.98 million inhabitants from 17.34 million inhabitants two years ago, with a decrease of 2.1% (360,000 people). The biggest decrease is felt in Serbia with 220,000 individuals less, in Albania...
In the latest publication of the Bank of Albania, on September 11, we can see a clearer picture of the balance of payments made for the first 6 months of 2023. These payments summarize the transactions of the government, businesses,...
Average foreign direct investment in WB6 in 2022 is US$8.8 billion. Dollars, with a high increase of Serbia and Albania, which respectively have a share of 50.1% and 15.5% of FDI in BP6. In total FDI, it is seen that only...
The GDP of the Western Balkans in 2022 is calculated to have increased by an average of 3.75% with a decrease from the previous year with 4.75% or 1.4 times less average growth. Per capita income in 2021 in the...
Host countries of FDI in the Western Balkans have been applying low profit tax rates for over a decade. However, it can still be seen that the attraction of investment has not tended to increase significantly, even in countries...
