People

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    By Anna Gorshkova, Raiffeisenbank in Russia | Prior to moving to Moscow in January 2016, Roland Wass, Head of Risk and Credit Management at Raiffeisenbank Russia, spent 13 years in Belgrade working for Raiffeisenbank Serbia. He spoke to Discover CEE about the challenges of moving to a new country, cultural and professional differences between Austrians […]

  • How to lead a media empire in Kosovo

    By Evliana Berani, Raiffeisen Bank Kosovo | Aferdita Saraçini Kelmendi leads one of the biggest businesses in Kosovo: a well-known national radio and television, RTV 21. Building and running one of the biggest television stations in Kosovo, in an extremely competitive media environment, is obviously quite a difficult and challenging task. Changing the mindset and […]

  • Our family’s contribution to mum’s hometown

    By Evliana Berani, Raiffeisen Bank Kosovo| Until several years ago, Florie Bajraktari Vanhove was one of 700,000 Kosovans living abroad. Today, she is a successful business woman, running a unique restaurant in the downtown of Prishtina. Kosovo’s diaspora is huge. Difficult times forced many Kosovans to live from money sent to them by relatives living […]

  • ATOMI: Identifying and supporting extraordinary intelligence

    By Edita Pozhegu, representative of ATOMI | The ATOMI organization in Kosovo has been established ten years ago as an initiative of a group of professionals and is one of its kind in the Balkans region. It focuses on the identification and support of gifted students with extraordinary intelligence in Kosovo. ATOMI aims to identify […]

  • Evaluating the impact of Bosnia and Herzegovina’s economic forum

    Belma Hadžiomerović, Raiffeisen Bank in Bosnia and Herzegovina, interviewed Emir Kurtic

    In February, Sarajevo hosted the third edition of the Bosnia and Herzegovina Economic Forum. One of its organizers, Emir Kurtic from the Sarajevo Faculty of Economics, spoke to Discover CEE about the importance of the forum.

    Dr Emir Kurtic, Sarajevo Faculty of Economics

    The Economic Forum of Bosnia and Herzegovina (BiH) is an annual gathering of representatives of the BiH executive government, local and regional companies, the diplomatic sector and the academic community. It has been organized in Sarajevo since 2017 and so far, it has attracted more than 1,000 participants every year.

    “A central idea behind the BiH Economic Forum is to establish a platform for an open dialogue between representatives of the business community, the academic community and economic policy makers in the country,” says Dr Kurtic. “By organising this forum, the Sarajevo University’s Faculty of Economics is trying to contribute to the development of stronger ties between different interest and influential groups sharing a common business interest in BiH – concrete proposals and guidelines for the creation of future economic policies also set as concrete goal of the forum.”

    The program for all three forums held so far was organized in three or four sessions covering key economic topics in BiH.

    “Some of the topics covered included reforms, the business environment, the importance of the academic community, public-private partnerships, the rule of law and legal security as a basis for investment and development, the quality of university education, as well as economic cooperation between the Republic of Austria and BiH – this was the central topic of the last forum,” adds Dr Kurtic.

    The forum concluded that the definite priority for BiH is to solve its economic issues, while the region needs to establish a set of active reform policies to raise competitiveness via public-private partnerships. “The forum also discussed university education and the employment of young people upon completion of their studies. We need to find a better method of cooperation between employers and universities and to work on developing a more efficient support mechanism for graduate students in their job hunting process. University enrollment policies should account for real sector needs, while universities and representatives of the business community should jointly promote the importance of quality university education,” says Dr Kurtic.

    In Dr Kurtic’s opinion, the BiH business environment must be shifted from an economy of seeking support and cheap labor to one that focuses on innovation and the production of highly sophisticated products and services.

    “Improvements may also extend to investors by providing them with a more favorable environment,” he says. “This can be made possible only through reforms of the present conditions, thus ensuring the rule of law and sound management in line with top EU standards. We are all aware by now that the road to the EU requires the elimination of any setbacks present in BiH. Key factors to the BiH image improvement would be the security of investments, as well as institutional and political stability.”

    When it comes to exports, Dr Kurtic believes that only leading companies are currently in a position to export their products.

    “In terms of investment in this country, the situation in BiH has much improved via new technologies, best practices, innovations, research and development investments, new jobs and the creation of market opportunities that foreign companies have brought and will continue to bring to our country. One of key conclusions of the third forum is that the Republic of Austria, as the largest investor in BiH, needs to remain committed to further improving economic and political cooperation with BiH.”

    Dr Kurtic also believes that the positive effects of the forum regarding the generation of new investments in BiH reflect in, among other things, the fact that the formal program of this year’s forum included participants from one of the most developed EU countries – the Republic of Austria.

    “At the third economic forum in BiH, Austria has re-confirmed its strong commitment to cooperation with BiH. This refers to both the official state level and individual investors. Austrian investments in BiH show a constant increase, as attested by the fact that there are approximately 200 Austrian companies in BiH employing over 7,000 people.”

  • Doing business in Bosnia and Herzegovina: Two companies share their stories

    By Amra Tabaković and Irma Ahmetspahic, Raiffeisen Bank in Bosnia and Herzegovina As in most countries, small and medium-sized companies play an important role in the economic growth of Bosnia and Herzegovina and are essential for creating new jobs. But overcoming obstacles and starting a solid business is never easy. Begex doo Hadžići, a kitchen […]

  • Land of Basketball

    By Nemanja Naunović, Raiffeisen banka in Serbia | Sport plays an important role in Serbia, with football and basketball being the most popular. There is even a funny expression: “every Serb is a national team head coach”, be it football basketball, volleyball, water polo, handball or any other sport in which the nation has had […]

  • “In Croatia you have to eat Janjetina many times before you get to a deal”

    By Alexandra Jocham, RBI | The Austrian economic delegate in Zagreb, Sonja Holocher-Ertl, spoke with Discover CEE about interesting business locations in Croatia, gave first-hand tips for doing business and how to escape crowded beaches in summer. Ms. Holocher-Ertl, what is it that makes Croatia attractive for investors? Croatia is the youngest EU member country, […]

  • “If you decide for an investment in Romania, do it for the long term”

    By Alexandra Jocham, RBI | Discover CEE talked with Gerd Bommer, Austrian economic delegate in Bucharest, about the attractiveness of Romania for investors, interesting business locations and first-hand tips for doing business.  Mr. Bommer, what makes Romania attractive for investors? Romania is an economy with a relatively strong and big domestic market, which is the main […]