Brexit will remove advocate for Balkans enlargement
Subject Prospects for EU enlargement to the Western Balkans after the UK vote to leave. Significance EU officials and diplomats in the region are publicly trying to send messages that, when it comes to the accession prospects of the Western Balkan countries, everything remains 'business as usual', despite the UK vote to leave ('Brexit'). The familiar refrain is that as long as the countries of the region deliver on the reforms demanded by the EU, the process will continue to move forward. Impacts UK-Balkans trade, investment and remittances flows are too low to inflict any appreciable Brexit 'shock'. Serbia will remain on course for the EU despite Brexit, which will have no major financial or economic impact, the Serbian premier has said. However, the National Bank of Serbia cut its key policy rate yesterday, expecting Brexit to affect emerging economies, including Serbia. Pro-Russian elements in the Balkans will welcome UK withdrawal as removing a perceived obstacle to rapprochement between the EU and Russia.