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| FOREWORD |
| After several years of wars and xenophobic hostility in the Balkans - during which time multinational companies were actually driven out of the region - the markets are opening up and restrictions on foreign investments are being lifted. Nevertheless, it is still difficult for any company - foreign or local - to operate successfully in the Balkans due to the high levels of social tension, a chronic shortage of cash, archaic hierarchical management and influence of corruption on business operations. The ongoing political, economic and social changes are expected to rapidly improve the business climate in the Balkan region. |
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Developed by PRODIDE
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