Eastern Europe and Central Asia

Despite progress and reforms in many fields, Albania still faces major challenges including crime, endemic corruption, weak law enforcement and lack of infrastructure. The judicial system is still perceived to be slow, inefficient, lacking in transparency and pervaded by corruption.

Among the least developed economies in Asia, Kyrgyzstan has been hampered by weak state institutions and a security environment that is not immune to ethnic tensions and social unrest.

Independent since 2006, Montenegro is one of only two states (the other is Macedonia) to have separated peacefully from what used to be Yugoslavia. The largely coastal republic has the advantage of a tourism-oriented economy.

Once the poorest of the former Soviet republics, Tajikistan still lags behind its neighbors, with the sole exception of Afghanistan. The country recently became a full-fledged member of the WTO and the government is eager to attract more investments from abroad.

Ukraine has embarked on a wide-ranging process of reform. Much of the region’s future stability depends on success in this 45-million strong, former Soviet republic. The momentum is there to overcome a legacy of bureaucratic stagnation, arbitrariness and corruption.