Western Balkan countries lose around 5.5 billion euros each year through the emigration of young citizens, a new report by the Westminster Foundation for Democracy found.
The research, which looked at Serbia, Albania, Bosnia-Herzegovina, Kosovo, Montenegro and North Macedonia, concluded that the education of a child into adulthood costs an average of 25,000 euros. The total amount calculated with nine years of primary school, fours years of secondary school and five years higher education.
Given the significant outflow of youngsters from these countries, however, it is frequently the recipient countries reaping the rewards. Besides education costs (estimated between 840 million and 2.46 billion euros) the countries collectively lose billions in GDP from the absent youngsters not working in their home countries.
Young people have continually left the region in large numbers for decades, fleeing economic and political instability, and even war. The worst-hit countries in the region are Bosnia-Herzegovina, which has lost half of its citizens, according to some estimates, and Kosovo, from where 15.4% of its population left in the 2007-18 period.
No candidate received a majority of votes in the first round of the Presidential elections…
Hungary will focus on key issues for central Europe during its upcoming EU presidency, Hungarian…
US nuclear firm Westinghouse Electric Company has signed memorandums of understanding (MOUs) with 17 Bulgarian…
By 2030 Artificial Intelligence could be contributing as much as 11.5%, or USD 700bn (EUR…
Lithuania had the lowest annual inflation rate of 0.4% in the EU in March 2024,…
Lithuania will hold a constitutional referendum on whether its citizens can hold dual and multiple…