Cumulative Investments by Sector. Cumulative Investment by Country. Industry, Commerce & Agribusiness 18% Transport 30% Natural Resources 2%

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2 Cumulative Investments by Sector Cumulative Investment by Country Industry, Commerce & Agribusiness 18% Transport 30% Natural Resources 2% SERBIA 45% KOSOVO 2% MONTENEGRO 6% Financial Institutions 30% Municipal, Environment, Infrastructure 6% Power and Energy 14% BOSNIA AND HERZEGOVINA 20% ALBANIA 10% FYR MACEDONIA 17% 2016

3 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 EU Western Europe [Luxembourg] Austria Netherlands Sweden Germany Ireland Denmark Belgium UK France Finland EU Southern Europe Italy Spain Malta Cyprus Greece Portugal EU Eastern Europe Slovenia Czech Rep Slovak Rep Estonia Lithuania Poland Hungary Latvia Croatia Bulgaria Romania Western Balkans Montenegro Serbia FYR Mac Albania B&H Kosovo Source: IMF World Economic Outlook, October April,

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5 Basic requirements Efficiency enhancers Innovation and sophistication factors WB EU-11 EU EU-15 1st pillar: Institutions nd pillar: Infrastructure rd pillar: Macroeconomic environment th pillar: Health and primary education th pillar: Higher education and training th pillar: Goods market efficiency th pillar: Labor market efficiency th pillar: Financial market development th pillar: Technological readiness th pillar: Market size th pillar: Business sophistication th pillar: Innovation Global Competitiveness Index Source: World Economic Forum: Global Competitiveness Index Historical Database 29 April,

6 Country rank in Difference between the scores in 2007 and EU-15 EU EU-11 WB Source: World Economic Forum: Global Competitiveness Index Note: GCR s scale is from 1 to Difference between the scores in 2000 and 2015 Country score in EU-15 EU EU-11 WB Source: World Bank: The Worldwide Governance Indicators Note: Scale is from -2,5 to 2,5. 29 April,

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8 Country EU approximation stage Albania Candidate country (2014) Bosnia and Herzegovina Kosovo Potential candidate application submitted (15 Feb 2016) Potential candidate Macedonia, FYR Candidate country (2005) Montenegro Serbia Candidate country (2010) opened 22 negotiation chapters Candidate country (2012) opened 2 negotiation chapters 29 April,

9 Exchange rate regime Inflation Growth rates Albania Managed floating Bosnia and Herzegovina Currency board Kosovo EUR Macedonia, FYR Fixed peg Montenegro EUR Serbia Managed floating Source: IMF: World Economic Outlook, October April,

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11 Others Information & Communication Professional, Sci. & Admin. Services Financial & Insurance Activities Construction Real Estate Activities Agriculture, Forestry & Fishing Public Adm., Defense & Social Security Industry Trade, Transport & Food Services Source: National Statistical Offices Albania BIH Kosovo FYRoM Montenegro Serbia Note: The following relationship applies: Gross value added (GVA) + taxes on products - subsidies on products = GDP 29 April,

12 Western Balkans, average total tax burden ALB BIH KOS MKD MNE SRB EU-11 EU EU15 Profit tax Labor tax and contributions Other taxes KOS ALB WB SRB BIH MKD EU-11 MNE EU EU-15 Source: World Bank: Doing Business database Source: National statistical offices and Eurostat Note: In case of Albania and Kosovo, average net wage instead of gross wage is used 29 April,

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14 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 5,986 14,271 18,212 TR, 2.9 UK, 3.0 Others, 10.7 CA, 2.2 HU, 2.7 Croatia, 3.4 Norway, 3.7 Austria, 14.6 Netherlands, 9.8 Greece, 7.5 4,000 2,602 Serbia, 4.2 2,000 0 LU, 4.6 CH, 5.3 Russia, SI, Germany, 6.4 Italy, 7.0 Source: IMF: World Economic Outlook, December 2015 Source: National central banks 29 April,

15 High-skill and technology-intensive manufactures Medium-skill and technology-intensive manufactures Labour- and resource- intensive, low-skill and technology-intensive EU-11 MKD MNE SER WB BIH ALB KOS 0 MNE ALB WB BIH SRB EU-11 MKD Source: IMF: World Economic Outlook Note: Trade openness is calculated as exports plus imports divided by GDP. Source: UNCTAD: International trade database 29 April,

16 7.0 Country score in Country rank in EU-15 EU EU-11 ALB MKD MNE WB SRB BIH Source: World Economic Forum: Global Competitiveness Index Historical Database Note: GCR s scale is from 1 to 7 29 April,

17 MW 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 ALB BIH KOS FYRoM MNE SRB Coal-fired Gas and oil-fired Hydro Other renewables Source: South-Eastern Europe Energy Community 29 April,

18 EBRD Western Balkans EU-11 0 EBRD EU-11 Western Balkans Product Process Product and process Marketing Organisational Organisational and marketing Source: EBRD-World Bank: BEEPS V and MENA ES, April,

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