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The EU-Western Balkans Investment Forum took place over two days, October 13-14 in Tirana, where there was strong economic engagement.
During the forum, letters of intent were signed for projects worth around 400 million euros in the fields of Artificial Intelligence, clean energy, and the automotive industry.
Albanian authorities emphasized that the forum is significantly strengthening economic ties between the European Union and the countries of the Western Balkans.
The forum serves as an important platform for attracting foreign direct investments, promoting innovation, and accelerating the economic convergence of the region with the European Union.
The first activity of the forum, “IPAs Connect,” focused on regional cooperation and the promotion of foreign direct investments in the region.
Representatives from European Union institutions, the Regional Cooperation Council (RCC), the World Bank, and investment promotion agencies from all Western Balkan countries presented their work, the legal framework, and priority investment areas, as well as shared the challenges they face in attracting foreign investments.
The Albanian Investment Development Agency signed a Memorandum of Understanding (MOU) with the Investment Promotion Agency of Bosnia and Herzegovina (FIPA).
This memorandum aims to strengthen institutional cooperation, promote joint initiatives, and realize new investment ideas that contribute to the economic development of the region.
The EU-Western Balkans Investment Summit brings together regional and international leaders, counterpart investment agencies, and economic actors who share a common vision for a future of cooperation, development, and mutual trust in the region.
The EU-Western Balkans Investment Forum was welcomed at the opening of the proceedings on October 13 by the President of the European Commission, Ursula von der Leyen, who announced that through this initiative, the aim is to attract investments worth around 6 billion euros across the region. (October 14)