Sep 13, 2024, 4:10 PM
Sep 13, 2024, 4:10 PM

EU mobilizes 15 billion euros for Western Balkans connectivity support

Highlights
  • The EU has mobilized a total of 15 billion euros for connectivity in the Western Balkans.
  • This funding includes 9 billion euros from the Economic and Investment Plan and 6 billion euros from the Reform and Growth Mechanism.
  • The investments aim to improve infrastructure and foster sustainable partnerships, ultimately contributing to peace and stability in the region.
Story

During the Tirana Connectivity Forum, the European Union ambassador to Tirana, Silvio Gonzato, highlighted the EU's significant financial commitment to enhancing connectivity in the Western Balkans. The EU has mobilized a total of 15 billion euros, which includes 9 billion euros from the Economic and Investment Plan and an additional 6 billion euros through the Reform and Growth Mechanism. This unprecedented support aims to assist the region in implementing EU-related reforms and addressing socio-economic disparities. The investments focus on critical sectors such as digitalization, energy, and transport, which are essential for improving infrastructure and fostering sustainable development. By prioritizing these areas, the EU is not only enhancing connectivity but also contributing to the overall stability and prosperity of the Western Balkans. Gonzato emphasized that connectivity transcends mere infrastructure; it embodies the establishment of sustainable partnerships that promote peace and stability in the region. The EU's commitment reflects a broader strategy to integrate the Western Balkans more closely with the European Union, thereby narrowing the gap between the two. Ultimately, these efforts are expected to pave the way for a stronger and more sustainable Europe, reinforcing the EU's role as a key partner in the development of the Western Balkans. The financial support signifies a long-term investment in the region's future, aiming to create a more cohesive and prosperous European landscape.

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