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 01:06:07 source:Earthly Exploits 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
  • Neighbour leaves furious 94
  • New archaeological findings from 2,200
  • Horoscope today: Daily guide to what the stars have in store for YOU
  • Attractive female faces make men behave more honestly, study suggests
  • More than 40 workers trapped after a building under construction collapsed in South Africa
  • Former senior policy advisor to Obama White House charged with child sex offences in British court
  • Bucks open their playoff run without Giannis Antetokounmpo
  • Local election workers fear threats to their safety as November nears
Recommended content
  • The number of fish on US overfishing list reaches an all
  • Beijing base to bring in 50 giant pandas in 2025
  • China's interbank treasury bond index opens higher Friday
  • The easily missed detail in the photos of Queen Mary's children
  • Lured by Rolling Stones performance, half
  • Kenyan president confirms military chief's death in plane crash