The EU has allocated over €3 billion for the implementation of projects in the Balkans

The European Commission announced the allocation of 3.2 billion euros for the implementation of 21 projects in the Western Balkan countries. This was reported by the Albanian news agency Telegrafi. According to journalists, the funds will be allocated for the construction of transpo...

The European Commission announced the allocation of 3.2 billion euros for the implementation of 21 projects in the Western Balkan countries. This was reported by the Albanian news agency Telegrafi.

According to journalists, the funds will be allocated for the construction of transport infrastructure, digitalization, combating climate change, and supporting energy infrastructure.

This is the first package of projects implemented under the EU investment plan, approved back in October 2020. The funds are expected to be provided in the form of grants, concessional loans, and guarantees. The plan aims to reduce the gap in living standards between the EU and the Western Balkans — in Kosovo, Serbia, Bosnia and Herzegovina, Albania, Montenegro, and North Macedonia.