The shadow economy is recognized as one of the biggest challenges for economic growth in Southeast Europe. The conference aimed to create a platform for cooperation to suppress shadow economy and establish the mechanism in the form of regular annual meetings between all key actors. The conference has provided an opportunity to agree the agenda for combating shadow economy – one of the major obstacles for development of business sector and better climate for foreign investments in Southeast Europe.
The long-term effects on the economy and options for market control and protection through efficient and fair tax and customs policies, as well as labor and market policies were the key issues and topics that were addressed at the conference.
The Western Balkans representatives of the business community and the public sector institutions – ministers of finance, trade, economy, and directors of taxation and customs administrations from 7 regional economies, gathered on April 28th in Sarajevo at the first regional conference titled Combating Shadow Economy: A Necessity for Investments in South East Europe.
The Foreign Investors Association of Albania was among the Regional Partners for Albania. Albania was represented by the Deputy Minister of Economic Development, Tourism, Trade and Entrepreneurship, Mrs. Brunilda Paskali as well as other Representatives by Both Private and Public Institutions who were an active part of the Conference Discussions.
The conference was organized by the Regional Cooperation Council (RCC) and Foreign Investors Council of BiH under the auspice of the Council of Ministers of Bosnia and Herzegovina.