Starting a business in Balkan countries: find out why it is convenient

The business world in Balkan countries

Due to the economic crisis, numerous entrepreneurs are looking for an opportunity abroad to renew and expand their business. Many of them are aiming at the market of Balkan countries, especially in sectors like energy, infrastructure, financial instruments that support companies, and information and communication technologies.

The Balkan countries are nowadays experiencing a period of strong economic growth and have increased their capacity to attract investment from Europe. The Balkan area is well suited to foreign investments. Furthermore, Serbia, Montenegro, and Albania will soon be joining the European Union which is why Brussel has recently earmarked a significant amount of financial resources in order to encourage the development of the whole area. Today’s situation makes the Balkans a particularly attractive area for business entrepreneurs from countries like Italy that has always been their trading partner.

Europe is mostly interested in the energy sector of Balkan countries, where Brussels has set a significant investment policy. One of the most important measures that have been applied to the energy sector is the Regional energy efficiency program, which in February alone provided €30 million for buildings’ energy efficiency and hydroelectric energy projects.

Another highly profitable sector is undoubtedly the one of infrastructure networks. Balkan countries, in fact, need to modernize their ports and airports, expand housing construction, and become an important part of the trans-European corridor. This is a great business opportunity for Italian construction companies that cannot be missed.

We hope that all information presented in this article have encouraged some companies that were still uncertain about expanding their business on this promising market.

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