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Significance
AI start-ups and companies founded in the last few years in South-eastern Europe are now starting to reveal their potential. However, factors such as the brain drain and the region’s under-financing when it comes to venture capital have proved to be a major drawback.
Impacts
Regional governments will continue developing scientific R&D in a bid to attract global AI companies.
If more foreign venture capital comes into the region, it will significantly boost its economies and propel development.
Greater development might help more home-grown AI talent stay in the region, where living costs are cheap and quality of life is improving.
Keywords:
Balkans,
EUR,
Serbia,
Albania,
Croatia,
Eastern Europe,
EU,
Montserrat,
North Macedonia,
economy,
industry,
politics,
social,
corporate,
employment,
foreign investment,
science,
technology,
computers,
education,
finance,
internet,
legislation,
regulation,
IT software & services
© Oxford Analytica 2023. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2023
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