European Commission invests EUR 3,2 billion in Western Balkans

EnergyNewsSouth-East European INDUSTRIAL Мarket - issue 1/2022 • 22.03.2022

European Commission invests EUR 3,2 billion in Western Balkans

The European Commission has unveiled a substantial EUR 3,2 billion investment package to support 21 transport, digital, climate and energy connectivity projects in the Western Balkans. This is the first major package of projects under the EU’s ambitious Economic and Investment Plan for the Western Balkans, which the Commission adopted in October 2020. The projects are designed to bring tangible benefits to all six partners in the region.

Over the next years, the Economic and Investment Plan is set to mobilise up to EUR 30 billion of investments, as a combination of grants, preferential loans and guarantees. The Plan will help close the development gap between the European Union and the region and support the post-pandemic economic recovery. The Plan will also help to deliver the broader EU Global Gateway strategy, launched in December 2021.

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