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Zoran Marinković, CEO, ZWEBB Fintech

Fintech Brings Prosperity

Much has changed in terms of Fintech’s positioning in Serbia and the region, but still not enough, says ZWEBB Fintech CEO Zoran Marinković We spoke...

Ivan Đolić, BE-terna Managing Director

BE-terna Provides the Tools for Success

In an era in which digital transformation, AI and analytics are shaping the future of business, BE-terna remains committed to developing solutions that deliver...

Rajka Šinik Vulić, Director of RBS Belgrade

Shaping the Future of Business Education

RBS Belgrade has established itself as a key player in the development of business education around the region, offering high-quality programmes that are recognised...

Erich Cossutta, President of the Danubia Group

Leading Sustainability and Digitalisation in Transport

Companies Dragon Maritime, Log Max and Kombi Pro have now been operating for a full year under the umbrella of the Danubia Group, which...

Milen Janjić, CEO, Intellya

IT Maturity on the Rise

Our eight years of work has resulted in a suite of platforms: AI CORE, the foundation of our development; Weaver, a conversational platform; and...

By Carl Bildt, Project Syndicate

The Dangerous Balkan Standstill

Even after a quarter-century of relative peace, the Balkans have yet to achieve the lasting stability that was hoped for when the region’s wars were brought to an end. And now that the EU integration process has stalled, one cannot rule out a return of violent conflict

In the Balkans, a small war between the disintegrating state of Yugoslavia and one of its constitutive republics, Slovenia, was followed by a bigger conflict in Croatia. Within a year, a savage conflict was raging in Bosnia and Herzegovina as well. Suddenly, Europe’s “post-war” period had ended.

The Balkan wars raged for a decade. The Dayton Peace Agreement ended the conflict in Bosnia in 1995, but then came the Kosovo War, which continued until 1999 and was followed, in 2001, by a serious outbreak of violence in what is now North Macedonia.

All told, the Balkan wars claimed more than 100,000 lives, displaced millions of people, and set back the region’s economic and social development by decades. Though it had been living largely on credit, the old Yugoslavia had given its citizens a better standard of living than those of its socialist peers. The country’s long, violent disintegration changed all that.

The peace agreements that were cobbled together at the time were merely stopgap measures. Everyone understood that lasting stability would require a wider and much more comprehensive framework. And so, in 2003, European Union leaders declared that all the region’s countries should work toward a future of stability and lasting peace within the EU.

No one expected that to happen overnight; but nor did anyone think the integration process would be as drawn-out as it has been. Since Slovenia and Croatia’s accession in 2004 and 2013, respectively, the EU’s Balkan enlargement has effectively stalled.

The reason for this is twofold. First, political and economic reform in non-EU Balkan countries has been painfully slow, while corruption and nationalist sentiment has become ever more entrenched. Second, support for further enlargement has faded within many EU countries. Though politicians still pay lip service to the idea, new hurdles and delays tend to be greeted with relief in several key member states.

Moreover, the problems within Balkan countries are severe. A quarter-century after the Dayton Agreement, the international community has deemed Bosnia to be so politically dysfunctional as to warrant a new High Representative with wide-ranging powers (I was the first to hold such an office, serving from 1995 to 1997), effectively derailing the country’s EU-accession agenda.

The EU should take the lead by proposing a new arrangement, one that includes an offer of membership in its customs union and single market

Meanwhile, Serbia has come under the boot of an autocratic regime that flirts with China one day and kowtows to Russia the next, all while its representatives continue to put on a good face at the European Commission in Brussels. Despite enormous efforts by both the EU and the United States, the outstanding issues between Serbia and Kosovo are nowhere close to being resolved.

Finally, after being blocked from joining the EU by Greece (owing to a dispute over its name), North Macedonia now finds itself being blackballed by Bulgaria for reasons that go far back in the region’s history (but that lack any contemporary relevance).

Further complicating matters, the EU’s struggle to rein in the Hungarian and Polish governments’ attacks on the rule of law and independent media has dampened its appetite for taking a risk with potentially illiberal new members. When Hungary offers its enthusiastic support for Serbia’s accession bid, many others in the EU see a hidden agenda that must be blocked.

The EU’s overture in 2003 was a courageous and wise strategic step. But now that the prospect of Balkan integration is fading, the current charade cannot continue. Instead, political leaders must accept reality and start mapping out realistic interim steps that could improve conditions in the region without abandoning the final goal.

A good starting point is the Open Balkan initiative, which was designed to increase trade between Albania, North Macedonia, and Serbia. But it is not enough. The EU should take the lead by proposing a new arrangement, one that includes an offer of membership in its customs union and single market.

Three decades ago, the Balkan wars started with a small ten-day conflict on Slovenia’s borders. Now, it is Slovenia that holds the Council of the European Union’s rotating chairmanship. Its leadership agenda includes a summit between all the Western Balkan countries and EU member states this October. That occasion should prompt clear and realistic thinking from all parties.

The alternative for the Western Balkans is a slide backward into violence. It has happened before. It is happening now in Afghanistan. It must not happen again in Europe.

By Slobodan G. Markovich, Faculty of Political Science, Belgrade

Winter of Zoomer Discontent

It was back in 2019 that American actor Harrison Ford gave his famous climate change speech at the UN, in which he praised young...

Aleksandra Koneski, architect

Depoliticisation & Professionalisation

The key factor in respecting construction standards and procedures is the removal of political influence over the profession and the protection of engineers who...

Vladimir Obradović, Faculty of Organizational Sciences

Benefitting Investors and Sabotaging Safety

A lack of adequate regulation and public control provides fertile ground for corruption, which inevitably results in higher costs and lower quality, to the...

Zoran Đajić, geological engineer

United in Corruption

The way the works contractor for the reconstruction of the building of the railway station in Novi Sad was selected is a classic example...

EU Summit Discusses Western Balkans Integration

The European Council summit held in Brussels on March 20, 2025, placed a strong emphasis on the integration of...

Business Forum Strengthens Economic Ties Between Serbia and China

On March 20th, the Serbian Chamber of Commerce hosted a significant Business Forum and a series of bilateral meetings...

Norwegian Fund Acquires 25% of Covent Garden

In a strategic show of confidence in London's commercial heart, Norway’s sovereign wealth fund secures a quarter stake in...

ECB Cuts Interest Rates Amid Trade Uncertainty

In a move aimed at supporting Europe’s economy, the European Central Bank (ECB) has announced a series of interest...

EU’s ETIAS Travel System Delayed Again

The EU's long-awaited ETIAS system, set to impose new travel rules for Schengen zone entry, faces yet another delay....

EU Summit Discusses Western Balkans Integration

The European Council summit held in Brussels on March 20, 2025, placed a strong emphasis on the integration of...

ECB Cuts Interest Rates Amid Trade Uncertainty

In a move aimed at supporting Europe’s economy, the European Central Bank (ECB) has announced a series of interest...

EU’s ETIAS Travel System Delayed Again

The EU's long-awaited ETIAS system, set to impose new travel rules for Schengen zone entry, faces yet another delay....

France Dominates Europe’s Startup Ecosystem in 2024

France's strategic policies and inclusive ecosystem continue to set the gold standard for European startups, securing its top spot...

Vienna’s Voter Exclusion Sparks Concerns

In Vienna, more than 35% of the population will be excluded from voting in the upcoming city council elections...

EU Summit Discusses Western Balkans Integration

The European Council summit held in Brussels on March 20, 2025, placed a strong emphasis on the integration of...

ECB Cuts Interest Rates Amid Trade Uncertainty

In a move aimed at supporting Europe’s economy, the European Central Bank (ECB) has announced a series of interest...

EU’s ETIAS Travel System Delayed Again

The EU's long-awaited ETIAS system, set to impose new travel rules for Schengen zone entry, faces yet another delay....

France Dominates Europe’s Startup Ecosystem in 2024

France's strategic policies and inclusive ecosystem continue to set the gold standard for European startups, securing its top spot...

Vienna’s Voter Exclusion Sparks Concerns

In Vienna, more than 35% of the population will be excluded from voting in the upcoming city council elections...
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