South-East Europe - Investment Reform Index 2010: Monitoring Policies and Institutions for Direct Investment


Publication date:
7 April 2010


Key findings and recommendations (PDF)

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Countries covered

Albania, Bulgaria, Bosnia and Herzegovina, Croatia, Kosovo under UNSCR 1244/99, Republic of Moldova, Macedonia (Fyr), Montenegro, Romania, Serbia

Improving the climate for investment is a strategic economic priority for South East Europe. The global economic crisis has highlighted the importance to the region's long-term prosperity of generating higher levels of direct investment. Many of the policy reforms needed to strengthen the investment climate are also necessary for membership of the European Union, to which countries in the region generally aspire.


Using an innovative methodology, the Investment Reform Index 2010 (IRI 2010) monitors investment-related policy reforms in the economies of South-East Europe and compares these to best practices in the OECD area. Based on inputs from governments, the private sector, independent experts and multilateral organisations active in the region, the IRI 2010 assesses policies and institutional settings in eight fields of policy critical to domestic and foreign investors. These are: investment policy and promotion; human capital development; trade policy and facilitation; access to finance; regulatory reform and parliamentary processes; infrastructure for investment; tax policy analysis; and SME policy. For the economies examined, the IRI 2010 provides:

  • An independent and rigorous assessment of investment-related policy settings and reform against international good practice
  • Guidance for policy reform and development  
  • An evidence base with which to facilitate prioritisation of donor activities supporting investment and growth