Balkans must ease controls to draw energy investors
Balkan countries see energy as the way to power future economic growth but to succeed they must first find the political will to open up state-controlled companies to draw more outside investors.
Government pledges to invest billions of euros will amount to nothing if countries do not clear confusing administrative hurdles and a murky regulatory landscape that represent major blocks to developing a chronically under-funded energy sector.
"Projects will be delayed due to hesitance among investors about investing in a politically unstable region with complicated administrative rules and procedures," said Mladen Zeljko of Croatia's Energy Institute.
"There are still too many unresolved political issues," added Zeljko whose independent agency advises the government on energy policy.
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