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Publications

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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 »
 
CSD Policy Brief No. 71: Assessing Russian Economic Footprint in Macedonia
Russia’s economic footprint in Macedonia has often been perceived as non-existent at best or very limited at worst. However, a detailed assessment of the Russian presence in the country reveals a more nuanced picture, in which many of the engagement channels are indirect, including through third parties and offshore companies. The revenues of Russian companies operating in Macedonia grew fourfold from EUR 63 million in 2006 to over EUR 212 million in 2015. more »
 
Sustainable Policy Impact through State-of-the-Art Research and Advocacy
The Southeast Europe Leadership for Development and Integrity (SELDI) network is the largest indigenous anti-corruption and good governance coalition in the region of Southeast Europe (SEE), created by CSOs from Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo*, The Former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey (also including partners from Moldova and Romania). 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 »
 

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