About BFC SEE

The Certification of Cities and Municipalities for Business Friendly Environment in South East Europe (BFC SEE) is a unique platform for improving and harmonizing business conditions, fostering economic cooperation and attracting new investments in the region of Southeast Europe.

NALED has in 2007, in cooperation with the American Agency for International Development (USAID) designed and successfully implemented the Program for the Certification of Cities and Municipalities with a Favorable Business Environment (BFC) in Serbia following the world's best practices in the work of local self-government.

The BFC Program received the support of the German Organization for International Cooperation (GIZ) - the Open Regional Fund for the Modernization of Municipal Services in 2012 and became a regional business environment standard accepted by partner institutions from the region with the aim of establishing a common seal of quality for the business environment in the municipalities and cities of South-East Europe ( SEE) – BFC SEE.

Objectives of the BFC SEE Program are achieved by: 

• Providing a stable and measurable business environment
• Application of best practice examples
• Realizing cooperation of all actors involved in economic development process
• Raising awareness of local officials about the need of regular consultation with the private sector
• Raising awareness about the possibilities and potentials provided by the municipalities/cities
• Defining a unique and standardized approach for the existing and new enterprises/investors
• Introduction of innovation in the way local potentials are promoted and developed
• Finding concrete solutions for improvement of the business environment.