entertainment

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

Font size+Author:Earth Edges news portalSource:opinions2024-05-07 22:06:12I want to comment(0)

BRUSSELS (AP) — EU countries approved a plan worth 6 billion euros ($6.45 billion) to support Wester

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 articles
  • Boeing calls off Starliner launch due to rocket issue

    Boeing calls off Starliner launch due to rocket issue

    2024-05-07 21:38

  • China Grabs Two Golds at Women's Boxing World Championships

    China Grabs Two Golds at Women's Boxing World Championships

    2024-05-07 21:11

  • Renters now pay an extra £5,993 a year in rent and energy bills compared to a decade ago

    Renters now pay an extra £5,993 a year in rent and energy bills compared to a decade ago

    2024-05-07 20:40

  • Ladies Claim Relay Gold

    Ladies Claim Relay Gold

    2024-05-07 20:22

Netizen comments