EU Chief Ursula von der Leyen Declares €6 Billion Investment Package in Western Balkans Tied to Reforms
EU Commission President announces funding initiative during a four-day visit to Western Balkans, emphasizing economic growth and integration with the EU, conditioned on wide-ranging reforms from candidate nations.
- European Commission President Ursula von der Leyen has announced a €6 billion investment package for Western Balkan countries seeking to join the EU.
- The funding is expected to significantly boost the economies of the recipient nations but is contingent on the implementation of key reforms.
- Included within the proposed reforms are improvements to public administration, financial management, the judicial system, and anti-corruption measures.
- During the announcement, von der Leyen also emphasized the need for Serbia and Kosovo to normalize relations as part of their efforts to join the EU.
- Six Western Balkan countries, including North Macedonia, Albania, Kosovo, Serbia, Montenegro, and Bosnia and Herzegovina, are at different stages of EU integration.