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PAGE UPDATED: 16 May 2016

BFC SEE Key Results

  • More than 60 municipalities from Bosnia and Herzegovina, Croatia, Macedonia, Montenegro and Serbia are improving their business environment up to 70% through BFC SEE certification


  • 26 certified municipalities in the SEE region cover a total of 15.440 km2 of territory, providing high quality service and business-friendly environment to approximatelly 2 million people and 105.000 businesses 


  • The conditions for doing business in BFC SEE municipalities are76% better than in non-certified ones, according to independent mystery shopper


  • Certified municipalities realized €1 billion direct foreign investments in three years (2012-2015) attracting on average three times* more investments than their non-certified peers


  • 80% of all municipalities from the region (12) listed on Financial Times’ list of top investment destinations in Europe (fDi Cities of the Future) are certified as business-friendly – the number has doubled since 2012


  • 90% of certified municipalities in the region find it useful or very useful to be certified as business friendly and have a BFC SEE seal of quality


  • Up to 20 institutions and organizations from 5 countries participate in the BFC SEE network contributing to enhanced regional cooperation and exchange – line ministries, chambers of commerce, association of municipalities, development agencies, CSOs and universities


  • The BFC SEE Network developed regional structures and built the capacities of 250+ local government officials, consultants and evaluators from SEE region who received trainings on business friendly standards and certification


  • The BFC SEE network has sparked new regional initiatives (E-permitting) and implemented projects worth more than €2 million with the support of major international institutions such as GIZ, SDC, USAID, SIDA and World Bank 


    • Regional Forum: BFC SEE 2020Read more
    • IV Regional Congress and Certificate Award CeremonyRead more


  • January 2016 Are you satisfied with the improvement of business environment in 2016?