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 21:45:34 source:Stellar Stance 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
  • Late Baldé header steals dramatic 4
  • US, Canada, Indigenous Groups Have Proposal to Address Cross
  • Finance minister should resign over scrapping of Interislander upgrade funding
  • Protest against fast
  • Chinese scientists create mutant Ebola virus to skirt around biosafety rules
  • Ukraine lowers conscription age after drop in volunteers to fight Russian invasion
  • ANZ Premiership Netball: Can anyone knock over the Mystics?
  • Protests over government's plans to repeal Smokefree legislation in Auckland and at Parliament
Recommended content
  • Prostate cancer breakthrough means thousands of men could avoid devastating chemotherapy
  • 'No new guns': Luxon's promise ahead of gun law reform
  • Protests over government's plans to repeal Smokefree legislation in Auckland and at Parliament
  • Ministry of Health job losses 'cutting really deep'
  • Moyes leaving West Ham at the end of the season. Lopetegui linked as the replacement
  • Mideast tensions loom ahead of Biden meeting with Iraqi PM al