The representatives of the Chambers of Commerce that are part of the Association of Balkan Chambers (ABC) at the annual General Assembly, which was held virtually on May 31, 2022, within the chairmanship of the Cyprus Chamber of Commerce with ABC, discussed several topics referring to current developments in the ABC member states with an emphasis on plans for recovery and resilience in the Balkans and the need to transform economies.
Key issues to address remain energy prices, commodity prices and availability, and tackling the recession. Globally, the demand decreased, and all this was reflected in the reduction of production, which came more prominently in conditions of rising energy prices on world stock exchanges, and all this stimulated the overall price pressures. Now those pressures, as a result of the culmination of the Russian-Ukrainian crisis, are becoming stronger.
