European Commission’s New Economic and Investment Plan for Western Balkans
The European Commission adopted a comprehensive Economic and Investment Plan for the Western Balkans, which aims to spur the long-term economic recovery of the region, support a green and digital transition, foster regional integration and convergence with the European Union.
On Tuesday, 6th of October, European Commission announced its new Economic and Investment plan for Western Balkans, which targets six countries: Serbia, Montenegro, Albania, Bosnia-Herzegovina, Kosovo and North Macedonia.
The Plan is laid out to mobilize up to €9 billion funding in certain investment-areas for the period of 2021 - 2027. It aims not only at the sustainable and inclusive economic growth of the six countries, but also at boosting green and digital transformation of the region. In return, it is expected that further reforms will be implemented in those countries as part of their path towards EU-membership.