Economic Forum of BiH 2018: Western Balkans must be seen as single economic area

Photo: FENA

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Chairman of BiH Council of Ministers (CoM) Denis Zvizdic stated Thursday morning at opening of the Economic Forum of Bosnia and Herzegovina 2018 that the region of the Western Balkans must no longer be seen as separate countries but as a single economic area, which can offer very good conditions to investors. He added that such events, exchange of opinions and good practices are extremely important for further development of BiH and the region.

Zvizdic also emphasized that the country disposes with serious natural resources and qualified human resources, which represent comparable advantages in regard with what the region and Europe demand at this moment.

Head of the EU Delegation to BiH and EU Special Representative Lars-Gunnar Wigemark stated that the Economic Forum of BiH 2018 has come at perfect moment, right after publishing of the EU's Strategy for the Western Balkans.

Photo: Twitter/EU in BiH

"Also, BiH CoM finalized its part of the work regarding the decision on the European Commission's Questionnaire, and the IMF approved the second instalment within the arrangement that is linked activities from the Reform Agenda", stressed Wigemark, and he also announced the visit of EC President Jean-Claude Juncker to BiH in end of this month.

He underlined that the reform processes must continue and that remaining work has to be finished. The fact thta this is the year of elections is not an excuse for not carrying out of reforms, he concluded.

BiH Minister of Foreign Trade and Economic Relations Mirko Sarovic said that progress is the only key to solving all disagreements in BiH. According to him, it is crucial for decision makers to focus on development and progress of the country and to remove from list of priorities other issues that were on agenda on daily basis. "We need a dramatic change of priorities. That is how we will get closer to the road to the EU", he underlined.

Sarovic deems that economic indicators, which are solid, should not deceive anyone, because neither BiH nor the region are progressing fast enough.

Photo: FENA

The Economic Forum of BiH 2018 is organized by the Sarajevo University Faculty of Economics, and it is aimed at forming of a synergy between creators of economic policies, business and academic communities, all that with a goal to shape attractive business environment in BiH.