Convergence to be reversed as the economic crisis resulting from the coronavirus pandemic is set to be deeper and longer in the CIS, Ukraine, Turkey and the Western Balkans than in the EU member states of Central and Southeast Europe.
Vienna-based think tank expects the coronavirus pandemic to result in the worst year for the region since the global financial crisis.
Belgrade announces an additional €200mn for investment projects and issues "staycation" vouchers to citizens to help local resorts weather the crisis.
Western Balkan prime ministers discussed the need for infrastructure investment and the removal of barriers to regional trade at the EBRD Western Balkans Investment Summit.
Albin Kurti's announcement that Pristina will lift tariffs on raw materials imported from Serbia and Bosnia & Herzegovina met with very different responses from the EU and US.