Balkan region

The Balkans also known as the Balkan Peninsula, is a geographic area in Southeast Europe with various definitions and meanings, including geopolitical and historical. Historians state the Balkans comprise Croatia, Bosnia and Herzegovina, Serbia, Bulgaria, Albania, Greece, Kosovo, Montenegro, North Macedonia, Romania, Serbia, and Slovenia.  Most of the republics are parliamentary, excluding Romania and Bosnia which are semi-presidential. All the states have open market economies, most of which are in the upper-middle income range.