Western Balkans : Growing economic ties with Turkey, Russia and China

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dc.contributor Bank of Finland
dc.contributor.author Hake, Mariya
dc.contributor.author Radzyner, Alice
dc.date.accessioned 2019-02-15T13:19:37Z
dc.date.available 2019-02-15T13:19:37Z
dc.date.issued 2019
dc.identifier.issn 2342-205X
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/16048
dc.description.abstract Although the European Union (EU) countries constitute the largest trade partner and investor of the Western Balkan economies, economic exposure in terms of trade and investments to Turkey, Russia and China has been on the rise in the past decade. Turkey is among the top trading partners of Serbia and Bosnia and Herzegovina, while its investments in the banking sectors in the rest of the Western Balkan economies is gaining also in importance. Going further, the trade volume with Russia is overall small except for Serbia, however, Russian investments are sizable in key sectors (e.g energy, real estate) in Montenegro and Bosnia and Herzegovina. Financial and economic ties with China have intensified particularly between 2015 and 2017, not least because the region is part of the New Silk Road and the so-called “16+1 format”. China invests in regional infrastructure, such as ports, railroads and highways mainly in Albania, Bosnia and Herzegovina, FYR Macedonia, Montenegro and Serbia. Overall, the growing influence of non-EU global players poses an additional pressure on the EU to thoroughly follow its Western Balkan strategy.
dc.format.extent 18
dc.language.iso ENG
dc.relation.ispartofseries BOFIT Policy Brief
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject Bofit-kokoelma
dc.subject SP
dc.subject RP ST
dc.subject Turkki
dc.subject Venäjä
dc.subject Kiina
dc.subject Serbia
dc.subject Bosnia ja Hertsegovina
dc.subject Montenegro
dc.subject Albania
dc.subject Makedonia
dc.subject.other Western Balkan countries
dc.subject.other Trade
dc.subject.other Investment
dc.subject.other Turkey
dc.subject.other Russia
dc.subject.other China
dc.title Western Balkans : Growing economic ties with Turkey, Russia and China
dc.type Paper
dc.identifier.urn URN:NBN:fi:bof-201902151067
dc.series.name BOFIT Policy Brief
dc.series.year 2019
dc.series.number 1/2019
dc.series.sortingnumber 0001
dc.date.publication 15.2.2019
dc.subject.yso ulkomaankauppa
dc.subject.yso investoinnit
dc.subject.yso energia
dc.subject.yso kiinteistöt
dc.subject.yso infrastruktuurit
dc.subject.yso taloussuhteet
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
dc.type.okm D4

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