Unemployment and youth leaving – a major economic challenge in the Balkans



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The meeting of the Ministers of Economy of the countries of the region in Vienna is a kind of introduction to the summit on the Western Balkans, as part of the Berlin process, to be held this time in London July 9th and 10th. The organizers of the Vienna conference have focused on several key challenges: from the unpreparedness of the region during the digitization to the bad economic and business climate created by the exodus of young and educated.

Regional ministers in the region are warming up for the Western Balkans summit in London, the continuation of the "Berlin Process", focused on economic progress in the region.

Simon McDonald, Chief of the Diplomatic Service of the British Foreign Office, said the debates were about what he called "the heart of Berlin." process ":

" How can we better help the economic progress of the region? We have participated in the region's multiannual action plan in the economic field and prepared the Western Balkans for the digital future, especially for the younger generation. the fact that the Western Balkans suffer from a worrying percentage of unemployed youth and the exodus of talents. Nansian helps small businesses and those who have just started a business, and we have the experience of a similar project undertaken in London. "

Austrian Minister of the Economy Margaret Shrambek notes that trade between Western Balakana countries and the EU has reached a record level.

" Which is just as important, it is that the two markets, regional and European, are approaching, creating a common market for companies. "

how from the idea to the job, how to convince investors, banks in the region to support new business initiatives The European Commission is proposing a special fund from next year, which should help banks reduce the risk of investing in business initiatives in the region

Johannes Hahn announced a positive initiative:

"We are going to create a guarantee fund. start with about 150 million euros and should be active early next year.It aims to support financial institutions to share financial risk with investors who are willing to do more to support entrepreneurs with good ideas, but with limited financial resources "

The European Commissioner stresses that particular attention should be given to creating an energy market, no less important than links transport and human relations in the region and region with the EU.

the energy ministers of the region for this fall, to do more in this area, binding, using sensitive energy sources, reducing the dependence of the region vis-à-vis external and internal political factors. In short, he did more for the overall stability of the region. "

" That's what I think when I repeat it regularly: or we, the EU, will export stability
or we will import instability "
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