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:2024-05-08 01:54:42 source:World Web 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
  • Scenery of azalea blossoms in Zhalantun City, N China
  • AAC Commissioner Tim Pernetti says CFP expansion is encouraging and there is room for more growth
  • CJ McCollum scores 28 points as Pelicans hold off Warriors 114
  • Australia to open the Formula 1 season in 2025 as Bahrain and Saudi races shift for Ramadan
  • Autumn scenery of imperial Xiaoling Mausoleum in Nanjing, E China
  • Max Fried has strong outing against Marlins after uncharacteristically poor start to season
  • Ohtani hits 175th home run in Major League Baseball, tying Matsui for most by a Japan
  • Police looking into how missing fisher went overboard
Recommended content
  • South China tourist city all set for art festival
  • Supreme Court to hear arguments over mifepristone Tuesday
  • Heat never trail on the way to a 125
  • Congressman Don Beyer went back to college to learn AI
  • Sunrise scene in east China's Jiangsu
  • International migrants were attracted to large urban counties last year, Census Bureau data shows