At first glance, the enlargement of the EU to include the states of the Western Balkans seems to be an irrelevant trifle for the EU, but on closer inspection it is a good idea as expansion of the EU is not just about business.
Region is facing growing external and domestic risks, including geopolitical and trade disputes and a slower-than-expected pace of structural reforms, a new World Bank report says.
Once robust expansion is set to slow in coming years, says wiiw report, with the weakest growth in Russia, Turkey and Belarus, while small Southeast European frontier markets are still going strong.
Baltic States and Slovenia close to OECD comparators on knowledge economy index, while frontier markets like Belarus, Georgia and Serbia make strong progress.
All coal-based electricity generation incumbents in aspiring EU members from the region would go bankrupt immediately if they had to respect the EU’s Emission Trading Scheme Directive, Energy Community report finds.
Wages remain considerably lower than in the EU, but when compared to productivity, the apparent labour cost advantage of the Western Balkan countries disappears, says study by World Bank and wiiw.