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Assessing Russia’s Economic Footprint in the Western Balkans. Corruption and State Capture Risks
The Western Balkans have become one of the regions, in which Russia has increasingly sought to (re)assert its presence in the past decade. In attempt to improve the understanding of the impact of the interplay between existing governance gaps and the inflow of authoritarian capital in the region, the Center for the Study of Democracy developed an assessment of the Russian economic footprint in Serbia, Montenegro, Macedonia and Bosnia and Herzegovina. more »
Statement by the Center for the Study of Democracy regarding Russia’s Economic Footprint in the Western Balkans
The current Statement by Mr. Ruslan Stefanov, Director, Economic Program, Center for the Study of Democracy was presented during a briefing at the Commission on Security and Cooperation in Europe, also known as the Helsinki Commission, on 30 January 2018 in Washington. The briefing was dedicated to the topic of Democracy Foreign Meddling in the Western Balkans: Guarding against Economic Vulnerabilities. more »
CSD Policy Brief No. 74: Assessing Russia's Economic Footprint in Bosnia and Herzegovina
The current policy brief highlights that Bosnia and Herzegovina is completely dependent on Russian gas supplies. Russian companies also control the country’s two refineries, both located in Republika Srpska. Russia has consistently been the largest foreign investor in RS and the fourth largest in Bosnia and Herzegovina, with around EUR 547 million of foreign direct investment (FDI) in the country over the 2005 – 2016 period. more »
CSD Policy Brief No. 73: Assessing Russia's Economic Footprint in Montenegro
The current policy brief underlines that Russia has exploited governance gaps to take advantage of lucrative privatization opportunities and to extract state subsidies in Montenegro. The authors also highlight that Russia has assertively tried to meddle in Montenegro’s domestic politics. more »
CSD Policy Brief No. 72: Assessing Russia's Economic Footprint in Serbia
The Russian economic footprint has been deepening in some countries in the Western Balkans for at least a decade. In what is the most visible manifestation of this trend, Russian entities have gradually taken over the Serbian energy sector. Russian entities, directly or indirectly affect as much as 10 % of the economy. Notably, corporate presence measured by volume of revenues and assets controlled by Russian companies in Serbia is even larger than in Montenegro, where Russian foreign direct investments are a third of the country’s GDP. more »
SEERMAP Bulgaria Country Report
The South East Europe Electricity Roadmap (SEERMAP) develops three electricity sector scenarios until 2050 for the South East Europe region. The project focuses on 9 countries in South East Europe: Albania, Bosnia and Herzegovina, Bulgaria, Greece, Kosovo, FYR of Macedonia, Montenegro, Romania and Serbia. more »
CSD Policy Brief No. 70: A Roadmap for the Development of the Bulgarian Electricity Sector within the EU Until 2050: Focus on Fundamentals
The country’s Energy Security Risk Index declined further in the past two years, placing it at 58th position among the 75 largest energy consumers in the world. The key contributing factors have been the steady reduction of energy intensity and the greening of Bulgaria’s energy and economy. more »
South East Electricity Roadmap (SEERMAP) Report
Through a five modelling exercises incorporating the gas and power markets, the transmission network and the macroeconomic system, The South East Electricity Roadmap (SEERMAP) Report elaborates comprehensive scenarios for the transformation of the electricity sector towards a full decarbonisation of electricity generation and a reduction of emissions by 91% by 2050 compared to 1990. The research was carried out by a consortium of 5 partners led by the Hungarian-based Regional Centre for Energy Policy Research (REKK) and the Technical University (TU) in Vienna, and involved 9 local partners. more »
The Kremlin Playbook: Understanding Russian Influence in Central and Eastern Europe
There was a deeply held assumption that, when the countries of Central and Eastern Europe joined NATO and the European Union in 2004, these countries would continue their positive democratic and economic transformation. Yet more than a decade later, the region has experienced a steady decline in democratic standards and governance practices at the same time that Russia’s economic engagement with the region expanded significantly. Regional political movements and figures have increasingly sought to align themselves with the Kremlin and with illiberalism. Central European governments have adopted ambiguous—if not outright pro-Russian—policy stances that have raised questions about their transatlantic orientation and produced tensions within Western institutions. more »
CSD Policy Brief No. 67: Turkey in The Framework of the EU Energy Union: Energy Security and Governance Risks
The successful creation of a European energy union will not be possible without the active involvement of Turkey. The latter is going to play a vital role as the major transit country of future alternative natural gas supply from the Caspian region and the Middle East. Similarly, Turkey will benefit from the development of the Energy Union because it can transform itself in a major energy-trading hub, Turkey’s long-term energy policy objective. more »

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