Home Venture Capital EC launches new €2.1 billion program for the Western Balkans

EC launches new €2.1 billion program for the Western Balkans

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July 3 (VoirNews) – The European Commission announced that it had launched a new financial program for the Western Balkans worth 2.1 billion euros ($2.3 billion) to support investments in transport, l energy, the environment, human capital and the private sector.

“These projects will better connect the region within and with the EU, help decarbonize their economies and support the competitiveness of the private sector in the region,” said European Commissioner for Neighborhood and Enlargement Oliver Varhelyi , in a press release last week. .

This is the fifth investment program under the EU Economic and Investment Plan for the Western Balkans, which includes €528 million in EU grants under the Investment Instrument. pre-accession assistance and was approved by the Western Balkans Investment Framework (WBIF) Operational Board.

The Economic and Investment Plan for the Western Balkans aims to encourage long-term recovery, accelerate the green and digital transition, as well as foster regional cooperation and convergence with the EU.

The WBIF is a regional mechanism that supports EU enlargement and socio-economic development in the Western Balkans.

($ = 0.9187 euros)

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