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.
Stock market today: Asian shares mostly gain after tech shares lead Wall St higher
Italian press revels in Atalanta's shock 3
Ellie Leach breaks down in tears over her cheating ex
Usher puts on a sizzling display as he takes a bath in sexy Essence cover
Madonna fans hail the 'iconic' age
Taylor Swift 'turned down $9MILLION offer to perform private concert in the United Arab Emirates'
The players with the most free
Usher puts on a sizzling display as he takes a bath in sexy Essence cover
Husband of Florida woman missing in Spain is charged with her disappearance
Venezuelan beauty queen Wilevis Brito, 24, dies following surgery on jaw and lip
Emily Ratajkowski takes a fashion risk in a ripped midriff
In Pictures: Rare celestial event totally eclipsed by thick cloud in Hong Kong