IMF PREDICTS GROWTH OF BOSNIAN ECONOMY BY 5,5% IN 2008

SARAJEVO, Bosnia (September 1,2008) - According to the International Monetary Fund's forecasts, the economies of Albania and Montenegro are expected to achieve the strongest growth in the southeastern Europe this year.

The economies in Albania and Montenegro are projected to grow by 6% and 7.2% respectively by the end of 2008. Bosnia and Bulgaria are expected to co-occupy third spot with a 5.5 per cent expected economic growth, followed by Romania (5.4%), Macedonia (5%), Croatia (4.2%) and Serbia (4%).

Countries in the southeastern Europe, despite possessing relatively underdeveloped infrastructure, are attracting international investments. In particular their property markets are seeing an increase of building constructions and an influx of foreign investors, who are attracted by the regions affordable prices and growing economies.
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