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Poznan WB Summit

04/07/2019

The President of the Managing Board of the Western Balkans Six Chamber Investment Forum (WB6 CIF) Marko Čadež and the Director for the Western Balkans at the Directorate General for European Neighbourhood Policy & Enlargement Negotiations Genoveva Ruiz Kalavera signed a letter of intent for the implementation of a three-year project aimed at raising the competitiveness of the entire region’s economy.

A project, for which the European Union has allocated EUR 2.5 million and which will be implemented by the Western Balkans Six Chamber Investment Forum, will provide more than 1.200 small and medium-sized companies from all six Western Balkans economies with the concrete support from the joint regional chamber over the next three years. This support will improve production and export capacities of the Western Balkans companies, increase sales to the markets of the region, the European Union and worldwide, assist companies to become suppliers of multinational corporations, and enable them to better attract financing from European funds and through foreign investments.

 

The agreement between the WB6 CIF and the European Commission will be signed in September, the beginning of the project’s realization is planned for October, and the first services of the joint regional chamber will be available to businessmen by the end of the year.

Thanks to this project, about 200 regional companies will have the opportunity to establish contacts at bilateral business meetings organized by WB6 CIF, sixty of them will be supported to enter international supply chains, and the same number of companies will present their products on three major international trade fairs. Also, three major investment conferences are planned to promote the region and successful business stories to foreign investors. About 60 companies can count on technical assistance in project preparation and application for EU funds and programs, such as Horizon 2020, COSME or Creative Europe.

Special attention will be paid to improving communication between the public and private sectors within the region and between the Region and the European Union, in order to improve the common economic area.