Deciphering the Greek economic diplomacy towards the Western Balkans: actors, processes, challenges

Ritsa Panagiotou and Nikolaos Tzifakis

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: From the mid-1990s and for over a decade Greece developed a very important and dynamic trade and investment relationship with most Western Balkan countries. The economic crisis in 2009 broke this momentum and led to massive declines in both trade and FDI. While trade transactions rebounded after 2016 and almost reached pre-crisis levels, the decline of Greek FDI has shown no signs of recovering, its most definitive sign being the departure of many Greek banks from the region. The objective of this project is to delve into the intricacies of Greek economic diplomacy, focusing on its conduct in the Western Balkan countries (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia) and exploring paths that could improve economic and business practices in the region. It does so by mapping out the multi-layered dimensions of Greek economic relations with the Western Balkans, highlighting problems and challenges that have emerged over the years, identifying key actors and stakeholders in the process, and making policy recommendations based on an evaluation of all the above.

Keywords: Hellenic; Observatory (search for similar items in EconPapers)
JEL-codes: N0 (search for similar items in EconPapers)
Pages: 101 pages
Date: 2022-03
New Economics Papers: this item is included in nep-ppm and nep-tra
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