A key element for accelerating the economic development of a country is to develop the financial sector. That is the reason why the main goal of the regulatory and supervisor bodies in the country are creating and implementing policies in order to increase the stability and competitiveness of the financial sector to the level in which its successful integration into the global financial services market will be enabled. In response to the worst economic and financial crisis, there were measures taken to address the adverse effects and pressures and to maintain the favorable macroeconomic environment of the country.
Many analyses and research are done about what are the main reasons of emergence and practice of violent extremism in the Balkan region.
Financial instability in different countries has become one of the main causes for the global economic crisis. International Federation of Accountants (IFAC) is promoting the need for enhanced public sector reporting and financial management through its recently launched Accountability Now! Initiative, which aims to promote awareness, facilitate guidance on implementation of IPSASs, and encourage the development of needed technical skills.
It is no novelty that Russia is meddling in the Western Balkans. In the last year, especially since the last US elections, the news regarding Russia’s influence in different regions including the Balkans have been increasing. Regarding energy however, this has been going on for a while and in a sense under the radar for several years.