Sunday, 26th January 2025

CORE Days: Regional Economies Surge by 10% Over Past Three Years

Over the past three years, regional economies have seen a surge of approximately 10% in growth, in stark contrast to the EU’s modest 3% increase, according to the international CORE Days Conference held in Kotor.

The conference, themed “Smart and Green Growth – Locally, Regionally, European”, was organized by NALED in collaboration with other members of the Competitive Region Partnership. This initiative received backing from both the Swedish Government, implemented through Sida, and German development cooperation facilitated by GIZ.

The conference showcased the inaugural regional index on sustainable economic development conditions, encompassing Albania, Bosnia and Herzegovina, Montenegro, Croatia, North Macedonia, and Serbia. Collectively, these nations represent a market of nearly 20 million people with a combined GDP nearing 200 billion euros.

In his opening remarks, Jakov Milatović, President of the host nation Montenegro, emphasized the pivotal role of good neighborly relations for the region’s further advancement. He expressed his keenness to restore and normalize relations with Serbia, mentioning his recent trip to Belgrade as evidence. “Serbia is our largest tourist market, and last year, our top foreign investor. Yet, we lack an ambassador and direct payment traffic. Instead of politics propelling our relationship forward, it has nearly hindered it. This is not my political vision, and I want it to change. It’s essential to remember that the EU began as a regional integration story, and that should be our path as well,” stated Milatović.

In terms of the regional index, Croatia ranked highest, followed by Serbia, Montenegro, Albania, North Macedonia, and lastly, Bosnia and Herzegovina.

Furthermore, the conference opening marked an occasion for Niš, Paraćin, Stanari, and Srbac to be awarded the favorable business environment certificate (BFC SEE). This accolade sees them joining a network of 44 local authorities from the region that were certified in the recent cycle

PhotoNALED

SIJ Partners with WAHAJ to Boost High-Performance Steel Production for EVs

Slovenia’s SIJ Group has signed a landmark Memorandum of Understanding with the Saudi Arabian government, pledging €1.5 billion to...

Bosnia and Herzegovina Reports 20.8% Surge in Vehicle Registrations

Bosnia and Herzegovina recorded a significant rise in motor vehicle registrations in December 2024, with 8,505 new registrations marking...

Škoda Superb Crowned Slovenian Car of the Year 2025

The Škoda Superb has secured the prestigious title of Slovenian Car of the Year for 2025, triumphing over the...

Global Electric Vehicle Sales Reach New Record

The global electric vehicle (EV) market surged by 25% in 2024, setting a new sales record as 17.1 million...

USB-C Becomes the Standard Charger for Mobile Devices Across Europe

Under new regulations, all small and medium-sized portable electronic devices sold in the EU must be compatible with USB-C...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities