The article is dedicated to summarizing and comparing the experience of attracting foreign direct investment (FDI) for post-war reconstruction in the Western Balkans and its significance for Ukraine amid ongoing military aggression and the need for post-war rebuilding. It characterizes the experiences of Croatia, Serbia, Bosnia and Herzegovina, Albania, Montenegro, North Macedonia, and Kosovo, which suffered destruction during the Yugoslav wars in the Balkans and used FDI as a key tool for economic recovery. The paper examines legislative, tax, institutional, and infrastructural measures aimed at attracting foreign capital, including the establishment of free economic zones, support for small and medium-sized enterprises, tax reductions, and subsidies. The importance of legal protection, political stability, and anti-corruption measures for creating a favorable investment environment is argued. Additionally, the article highlights the critical role of international organizations such as the World Bank, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and the United Nations Development Programme (UNDP), which provided funding for infrastructure projects and institutional reform. Their involvement contributed to the reconstruction of key economic sectors and prepared the countries for European integration. The Balkan experience is valuable for Ukraine, as the current challenges and reconstruction needs after the war share similar features. Ukraine can leverage the tools and approaches of the Western Balkan countries to develop its strategy for attracting FDI, including European integration processes, legal system improvements, anti-corruption reforms, and the stimulation of domestic investment.
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