Before the outbreak of the pandemic the unemployment in the Western Balkans dropped significantly, but it is still unclear how the pandemic will affect the labor market in the region. There is some hope due to the idea of “near-shoring”.
The fundamental objective of the EU since its inception has been reducing development disparities between regions. In doing so, particular emphasis was placed on rural areas, areas affected by industrial change and regions facing natural and demographic problems.
What disconcerts people living in the region today is not the fact that they have to cohabitate in multinational countries, but unsatisfactory living conditions: low wages, high unemployment, poverty. In Kosovo 34% of residents live for up to $2 a day.
Bosnia and Hercegovina will not repeat the economic success of Kosovo. The omnipresent corruption, fostered by the bureaucracy and the legal environment of companies, effectively discourage foreign investors from investing in this unstable country.