ALL RECEIVED FUNDS EXCEPT SERBIA: European Union Announces €170 Million in Aid for the Western Balkans!

The European Commission announced today support worth €171 million to improve the development of infrastructure and the private sector in the Western Balkans.

Funds will be allocated to Bosnia and Herzegovina (BiH), Montenegro, Albania, and North Macedonia, and with the financial package approved today, as the Commission emphasized, the EU’s commitment to sustainable growth and regional connectivity in the Western Balkans is being strengthened.

The new support package includes funds from various EU financing sources – contributions from the Instrument for Pre-accession Assistance (IPA III) for a project in BiH, contributions from bilateral donors through the Western Balkans Investment Framework (WBIF) for a project in Montenegro, and contributions from the Reform and Growth Facility (RGF) for projects in Albania, Montenegro, and North Macedonia.

European Commissioner for Enlargement Marta Kos said that investing in the Union’s partners from the Western Balkans is crucial for bringing them closer to the EU.

“Over more than two years since the adoption of the Growth Plan for the Western Balkans, we have been working, among other things, through the Western Balkans Investment Framework to turn commitments into action. From improving infrastructure to advancing business development, these investments create real opportunities for citizens,” the Commissioner stressed.

Of the total amount, €91.8 million is earmarked for infrastructure projects in four EU partners in the Western Balkans. These funds are expected to mobilize total investments of €263 million for seven projects in priority sectors, including digitalization, clean energy, human capital, transport, and the environment.

READ MORE:

SPC ŠIRI UTICAJ U JUŽNOJ AMERICI: Šestoro mladih Kolumbijaca primilo pravoslavlje na Bogojavljanje u srcu Medeljina! (FOTO)

Specifically, this includes the implementation of broadband infrastructure in Albania, the improvement of the electricity transmission system in North Macedonia, the construction and energy-efficient renovation of educational institutions in North Macedonia and Montenegro, the electrification of the Durrës–Tirana railway in Albania, and a drinking water and wastewater treatment project in BiH.

The Commission announced that these projects will be implemented by EU partners from the Western Balkans together with international financial institutions.

In addition, €2.9 million is allocated for four technical assistance projects in Albania and BiH to stimulate future investments in energy, water, innovation, and research.

The second part of the package, worth €76.3 million, consists of contributions to programs supporting the private sector, including the Western Balkans Advance Program, the “Go Green” Small and Medium Enterprises Program, the Western Balkans Opportunities pilot program for non-traditional financing (W-BOND), as well as strengthening public-private partnership and governance capacities in BiH.

MORE TOPICS:

SERBIAN BISHOP GAVE A SPEECH BEFORE THE AMERICAN VICE PRESIDENT: Irinej opened the “March for Life” with a prayer, then gave the podium to J.D. Vance! (VIDEO, PHOTO)

THEY FELL IN LOVE WITH ORTHODOXY: Two daughters and a mother from Turkey were baptized in Trebinje, here are the names they took!

A SERB PLAYS THE GUITAR IN ROBBIE WILLIAMS’ NEW HIT: Nikola guest starred on his new album at the personal request of the world pop star! (VIDEO)

THEY ACCUSED HER OF BEING A “TROJAN HORSE”: Who is Dajana, the Croatian woman who helped Serbia win the gold!

THE COACH REVEALED WHAT KIND OF HELL THEY WENT THROUGH TO GET THE GOLD: Jakšić vomited during the warm-up before the final, Ćuk fell ill, everyone played the semi-final sick! (VIDEO)

Source: Tanjug; Foto: ATA Images