INVESTMENTS AND INVESTMENT INCENTIVES IN THE BALKAN STATES

Mehmet Yuce and Fulya Mercimek
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Mehmet Yuce: ULUDAG UNİVERSİTY, FACULTY OF ECONOMİCS AND ADMİNİSTRATİVE SCİENCES, DEPARTMENT OF PUBLİC FİNANCE
Fulya Mercimek: ULUDAG UNİVERSİTY, FACULTY OF ECONOMİCS AND ADMİNİSTRATİVE SCİENCES, DEPARTMENT OF PUBLİC FİNANCE

Annals - Economy Series, 2016, vol. 2, 53-64

Abstract: Balkan region, located in the south eastern part of the European Continent, is composed Albania, Bosnia and Herzegovina, Bulgaria, Montenegro, Kosovo, Macedonia, Greece with a portion of the Croatia, Romania, Serbia, Slovenia and Turkey. Southeast Europe are composed of Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Kosovo, Macedonia and Albania which known as the Western Balkans countries. That international investments are assessed on a regional and global scale in the Balkans, these investments gained importance after the 1990s with political, social and geographical variation. In the 2000s, after legal and administrative framework oriented reforms of investments which are continuations of global integration efforts, development of the investment opportunities in Balkans have been considered positively. While the investment incentive structures and rates differ on the basis of the countries, they are of capital importance for investors. After the 2008 global economic crisis which has happened because of the economic shrinkage on global scale, despite the worries for political and economic unsteadiness in specific countries, development of investments in Balkans has not been affected in a negative way. In this study development of investment in Balkans is analysed with negative and positive factors, investment opportunities and incentives are examined on the basis of countries. The Balkans gain acceleration positively thanks to the reforms of investment opportunities on the national scope. As to the need of investment development oriented local and international coordinated programme and approach is an important issue that should be analysed.

Keywords: international investments; Balkans; investment opportunities; financial incentive. (search for similar items in EconPapers)
Date: 2016
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