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Central European Free Trade Agreement
The Central European Free Trade Agreement (CEFTA) is an international trade agreement between countries mostly located in Southeastern Europe. Founded by representatives of Poland, Hungary and Czechoslovakia, CEFTA in 2006 expanded to Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Moldova, Montenegro, North Macedonia, Romania, Serbia, Slovenia and Republic of Kosovo, Kosovo. Members As of 2024, the parties of the CEFTA agreement are: Albania, Bosnia and Herzegovina, Kosovo, Moldova, Montenegro, North Macedonia and Serbia. Former parties are Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia. Their CEFTA memberships ended when they became Member state of the European Union, member states of the European Union (EU). Kosovo was originally represented by United Nations Interim Administration Mission in Kosovo, UNMIK, but began representing itself from October 2024 onwards. Membership criteria Former Poznań Declaration criteria: * World ...
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Trade Agreement
A trade agreement (also known as trade pact) is a wide-ranging taxes, tariff and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other. The most common trade agreements are of the preferential and free trade types, which are concluded in order to reduce (or eliminate) tariffs, quotas and other trade restrictions on items traded between the signatories. The logic of formal trade agreements is that they outline what is agreed upon and specify the punishments for deviation from the rules set in the agreement. Trade agreements therefore make misunderstandings less likely, and create confidence on both sides that cheating will be punished; this increases the likelihood of long-term cooperation. An international organization, such as the IMF, can further incentivize cooperation by monitoring compliance with agreements and reporting third countries of the violations. Monitoring by international ...
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Southeastern Europe
Southeast Europe or Southeastern Europe is a geographical sub-region of Europe, consisting primarily of the region of the Balkans, as well as adjacent regions and Archipelago, archipelagos. There are overlapping and conflicting definitions of the region, due to political, economic, historical, cultural, and geographical considerations. Sovereign state, Sovereign states and territories that may be included in the region are Albania, Bosnia and Herzegovina, Bulgaria, Croatia (alternatively placed in Central Europe), Greece (alternatively placed in the broader region of Southern Europe), Kosovo, Montenegro, North Macedonia, Romania (alternatively placed in Eastern Europe), Serbia, and the East Thrace, European part of Turkey (alternatively placed in the broader region of Southern Europe, also in West Asia, Western Asia with the rest of the country). Sometimes, Cyprus (most often placed in West Asia), Hungary (most often placed in Central Europe), Moldova (most often placed in Easte ...
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Slovenia
Slovenia, officially the Republic of Slovenia, is a country in Central Europe. It borders Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the south and southeast, and a short (46.6 km) coastline within the Adriatic Sea to the southwest, which is part of the Mediterranean Sea. Slovenia is mostly mountainous and forested, covers , and has a population of approximately 2.1 million people. Slovene language, Slovene is the official language. Slovenia has a predominantly temperate continental climate, with the exception of the Slovene Littoral and the Julian Alps. Ljubljana, the capital and List of cities and towns in Slovenia, largest city of Slovenia, is geographically situated near the centre of the country. Other larger urban centers are Maribor, Ptuj, Kranj, Celje, and Koper. Slovenia's territory has been part of many different states: the Byzantine Empire, the Carolingian Empire, the Holy Roman Empire, the Kingdom of Hungary, the Republic of Venice ...
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Serbia
, image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (green) and the claimed but uncontrolled territory of Kosovo (light green) in Europe (dark grey) , image_map2 = , capital = Belgrade , coordinates = , largest_city = capital , official_languages = Serbian language, Serbian , ethnic_groups = , ethnic_groups_year = 2022 , religion = , religion_year = 2022 , demonym = Serbs, Serbian , government_type = Unitary parliamentary republic , leader_title1 = President of Serbia, President , leader_name1 = Aleksandar Vučić , leader_title2 = Prime Minister of Serbia, Prime Minister , leader_name2 = Đuro Macut , leader_title3 = Pres ...
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Romania
Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to the east, and the Black Sea to the southeast. It has a mainly continental climate, and an area of with a population of 19 million people. Romania is the List of European countries by area, twelfth-largest country in Europe and the List of European Union member states by population, sixth-most populous member state of the European Union. Europe's second-longest river, the Danube, empties into the Danube Delta in the southeast of the country. The Carpathian Mountains cross Romania from the north to the southwest and include Moldoveanu Peak, at an altitude of . Bucharest is the country's Bucharest metropolitan area, largest urban area and Economy of Romania, financial centre. Other major urban centers, urban areas include Cluj-Napoca, Timiș ...
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North Macedonia
North Macedonia, officially the Republic of North Macedonia, is a landlocked country in Southeast Europe. It shares land borders with Greece to the south, Albania to the west, Bulgaria to the east, Kosovo to the northwest and Serbia to the north. It constitutes approximately the northern third of the larger geographical Macedonia (region), region of Macedonia. Skopje, the capital and largest city, is home to a quarter of the country's population of over 1.83 million. The majority of the residents are ethnic Macedonians (ethnic group), Macedonians, a South Slavs, South Slavic people. Albanians in North Macedonia, Albanians form a significant minority at around 25%, followed by Turks in North Macedonia, Turks, Romani people in North Macedonia, Roma, Serbs in North Macedonia, Serbs, Bosniaks in North Macedonia, Bosniaks, Aromanians in North Macedonia, Aromanians and a few other minorities. The region's history begins with the Paeonia (kingdom), kingdom of Paeonia. In the la ...
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Montenegro
, image_flag = Flag of Montenegro.svg , image_coat = Coat of arms of Montenegro.svg , coa_size = 80 , national_motto = , national_anthem = () , image_map = Europe-Montenegro.svg , map_caption = , image_map2 = , capital = Podgorica , coordinates = , largest_city = capital , official_languages = Montenegrin language, Montenegrin , languages2_type = Languages in official use , languages2 = , ethnic_groups = , ethnic_groups_ref = , ethnic_groups_year = 2023 census , religion = , religion_ref = , religion_year = 2023 census , demonym = Montenegrins, Montenegrin , government_type = Unitary parliamentary republic , leader_title1 = President of Montenegro, President , leader_name1 = Jakov Milatović , leader_title2 ...
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Moldova
Moldova, officially the Republic of Moldova, is a Landlocked country, landlocked country in Eastern Europe, with an area of and population of 2.42 million. Moldova is bordered by Romania to the west and Ukraine to the north, east, and south. The List of states with limited recognition, unrecognised breakaway state of Transnistria lies across the Dniester river on the country's eastern border with Ukraine. Moldova is a Unitary state, unitary Parliamentary system, parliamentary Representative democracy, representative democratic republic with its capital in Chișinău, the country's largest city and main cultural and commercial centre. Most of Moldovan territory was a part of the Principality of Moldavia from the 14th century until 1812, when it was Treaty of Bucharest (1812), ceded to the Russian Empire by the Ottoman Empire (to which Moldavia was a Vassal and tributary states of the Ottoman Empire, vassal state) and became known as Bessarabia. In 1856, southern Bessarabia was ...
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Croatia
Croatia, officially the Republic of Croatia, is a country in Central Europe, Central and Southeast Europe, on the coast of the Adriatic Sea. It borders Slovenia to the northwest, Hungary to the northeast, Serbia to the east, Bosnia and Herzegovina and Montenegro to the southeast, and shares a maritime border with Italy to the west. Its capital and largest city, Zagreb, forms one of the country's Administrative divisions of Croatia, primary subdivisions, with Counties of Croatia, twenty counties. Other major urban centers include Split, Croatia, Split, Rijeka and Osijek. The country spans , and has a population of nearly 3.9 million. The Croats arrived in modern-day Croatia, then part of Illyria, Roman Illyria, in the late 6th century. By the 7th century, they had organized the territory into Duchy of Croatia, two duchies. Croatia was first internationally recognized as independent on 7 June 879 during the reign of Duke Branimir of Croatia, Branimir. Tomislav of Croatia, Tomis ...
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Bulgaria
Bulgaria, officially the Republic of Bulgaria, is a country in Southeast Europe. It is situated on the eastern portion of the Balkans directly south of the Danube river and west of the Black Sea. Bulgaria is bordered by Greece and Turkey to the south, Serbia and North Macedonia to the west, and Romania to the north. It covers a territory of and is the tenth largest within the European Union and the List of European countries by area, sixteenth-largest country in Europe by area. Sofia is the nation's capital and List of cities and towns in Bulgaria, largest city; other major cities include Burgas, Plovdiv, and Varna, Bulgaria, Varna. One of the earliest societies in the lands of modern-day Bulgaria was the Karanovo culture (6,500 BC). In the 6th to 3rd century BC, the region was a battleground for ancient Thracians, Persians, Celts and Ancient Macedonians, Macedonians; stability came when the Roman Empire conquered the region in AD 45. After the Roman state splintered, trib ...
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Bosnia And Herzegovina
Bosnia and Herzegovina, sometimes known as Bosnia-Herzegovina and informally as Bosnia, is a country in Southeast Europe. Situated on the Balkans, Balkan Peninsula, it borders Serbia to the east, Montenegro to the southeast, and Croatia to the north and southwest, with a coast on the Adriatic Sea in the south. Bosnia (region), Bosnia has a moderate continental climate with hot summers and cold, snowy winters. Its geography is largely mountainous, particularly in the central and eastern regions, which are dominated by the Dinaric Alps. Herzegovina, the smaller, southern region, has a Mediterranean climate and is mostly mountainous. Sarajevo is the capital and the largest city. The area has been inhabited since at least the Upper Paleolithic, with permanent human settlement traced to the Neolithic cultures of Butmir culture, Butmir, Kakanj culture, Kakanj, and Vučedol culture, Vučedol. After the arrival of the first Proto-Indo-Europeans, Indo-Europeans, the area was populated ...
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Albania
Albania ( ; or ), officially the Republic of Albania (), is a country in Southeast Europe. It is located in the Balkans, on the Adriatic Sea, Adriatic and Ionian Seas within the Mediterranean Sea, and shares land borders with Montenegro to the northwest, Kosovo to the northeast, North Macedonia to the east and Greece to the south. With an area of , it has a varied range of climatic, geological, hydrological and morphological conditions. Albania's landscapes range from rugged snow-capped mountains in the Accursed Mountains, Albanian Alps and the Korab, Central Mountain Range, Albania#Skanderbeg Mountains, Skanderbeg, Pindus and Ceraunian Mountains, to fertile lowland plains extending from the Albanian Adriatic Sea Coast, Adriatic and Albanian Ionian Sea Coast, Ionian seacoasts. Tirana is the capital and largest city in the country, followed by Durrës, Vlorë, and Shkodër. Albania was inhabited by several List of Illyrian peoples and tribes, Illyrian tribes, among them the A ...
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