Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap EU Council adopts a plan worth 6 billion euros for Western Balkans to speed up enlargement process !

EU Council adopts a plan worth 6 billion euros for Western Balkans to speed up enlargement process

Time:2024-05-07 21:07:23 source:International Intuition news portal

BRUSSELS (AP) — EU countries approved a plan worth 6 billion euros ($6.45 billion) to support Western Balkan states on Tuesday aimed at accelerating reforms and economic growth in the region, as they seek future membership in the bloc.

The Council of the European Union said the plan, which covers the period from 2024 to 2027, is expected to provide up to 2 billion euros in grants ($2.15 billion) and 4 billion euros ($4.3 billion) in loans. Aid is contingent on reforms that would bring Western Balkan economies in line with EU rules.

“The facility will support a range of socio-economic and fundamental reforms, including reforms related to the rule of law and fundamental rights,” the Council said.

The region’s six countries — Albania, Bosnia, Kosovo, Montenegro, North Macedonia and Serbia — are at different stages in their applications for membership, but residents have been frustrated with the slow pace of the process. Croatia was the last country to be accepted by the EU in 2013.

Related information
  • Outrage as pro
  • Beijing Central Axis: an exhibition of architectual beauty and a joy to behold at all times
  • China's Guangdong downgrades flood control emergency response
  • Arrest warrant issued for man in fatal shooting of off
  • Bank Holiday Moo
  • Passage of harsh anti
  • Jiangsu edge Guangzhou to snap 17
  • Nepal hosts an investment summit in hopes of attracting foreign money for hydropower projects
Recommended content
  • Stock market today: Asian shares mostly gain after tech shares lead Wall St higher
  • World benefits from greater China
  • Yanqing kicks off Chinese New Year celebration
  • NFL Draft 2024: Ex
  • These 15 AP photos capturing migrants' struggle were honored with a Pulitzer Prize
  • World benefits from greater China