Current:Home > StocksEU chief says investment plan for Western Balkan candidate members will require reforms-DB Wealth Institute B2 Expert Reviews
EU chief says investment plan for Western Balkan candidate members will require reforms
View Date:2025-01-11 05:10:34
SKOPJE, North Macedonia (AP) — The European Commission’s top official said Monday that a decade-long investment package for Western Balkan countries seeking to join the bloc could vastly improve the region’s economy but is conditioned on required reforms.
EU Commission President Ursula von der Leyen discussed details of the 6 billion euro ($6.37 billion) package during a visit to North Macedonia’s capital, Skopje, at the start of a four-day trip to the region. EU leaders presented the package at a Western Balkans meeting in Albania earlier this month.
At a news conference Monday with North Macedonian Prime Minister Dimitar Kovachevski, von der Leyen said the EU package had the potential to double North Macedonia’s economy within a decade. “That is the goal, and it will play an important role in your path towards the EU,” she said.
She said the plan would allow Western Balkan companies access to key sectors of the block’s single market, while at the same time countries in the region would be expected to open their own markets to their neighbors.
“If completed, the common regional market could increase (Gross Domestic Product) by 10% in the Western Balkans,” she said.
Von der Leyen also stressed the need for the Western Balkans to carry on “positive reforms.”
She said North Macedonia should secure efficient public administration, sound public finances and an independent judiciary. It also needs to better fight corruption, she said.
Later Monday, the EU commission chief visited Kosovo and underlined that the bitter dispute between Serbia and Kosovo, a former Serbian province that declared independence in 2008, remains a great concern for the EU. Serbia has refused to recognize Kosovo’s independence.
“We can only achieve all these steps forward and successes if Kosovo and Serbia normalize their relations,” she said at a news conference after meeting with Kosovar President Vjosa Osmani.
An EU-facilitated dialogue to normalize ties has failed to go in the right direction, especially following a recent shootout between masked Serb gunmen and Kosovo police that left four people dead and sent tensions soaring in the region.
Von der Leyen urged Kosovo to meet its commitment to set up an association to coordinate work on education, health care, land planning and economic development in northern Kosovo communities mostly populated by ethnic Serbs.
She also will travel to Serbia, where she said a key topic of discussion would be that Serbia should “deliver” on recognition of Kosovo.
Both countries have said they want to join the 27-nation bloc.
She will also make stops in Montenegro and Bosnia.
Six Western Balkan countries are at different stages on their path to join the EU, in a process expected to take years.
While Montenegro and Serbia are advancing, North Macedonia and Albania started membership negotiations with the EU in July 2022. Bosnia was granted candidate status five months later, while Kosovo was recognized as a potential candidate to join the block.
Osmani called on the EU to give candidate status to Kosovo at its December summit.
——
Llazar Semini contributed from Tirana, Albania.
veryGood! (32)
Related
- Video ‘bares’ all: Insurers say bear that damaged luxury cars was actually a person in a costume
- Inflation rose 3.2% in July, marking the first increase after a year of falling prices
- Police fatally shoot armed man in northeast Arkansas, but his family says he was running away
- Mayor Eric Adams: Migrant crisis in New York City is a national issue
- Chiefs block last-second field goal to save unbeaten record, beat Broncos
- It's #BillionGirlSummer: Taylor, Beyoncé and 'Barbie' made for one epic trifecta
- 'Full circle': Why some high school seniors are going back to school with kindergarten backpacks
- The live action 'The Little Mermaid' is finally coming to streaming—here's how to watch
- Dick Van Dyke says he 'fortunately' won't be around for Trump's second presidency
- Teen Social Media Star Lil Tay Confirms She's Alive And Not Dead After Hoax
Ranking
- Drone footage captures scope of damage, destruction from deadly Louisville explosion
- Savannah Chrisley Celebrates Niece Chloe's First Day of 5th Grade
- How Chris Hemsworth and Elsa Pataky Formed One of Hollywood's Most Enduring Romances
- Supreme Court blocks, for now, OxyContin maker bankruptcy deal that would shield Sacklers
- Brittany Cartwright Defends Hooking Up With Jax Taylor's Friend Amid Their Divorce
- Iran's leader vows to enforce mandatory dress code as women flout hijab laws
- Police fatally shoot armed man in northeast Arkansas, but his family says he was running away
- Everything to know about the new COVID variant Eris—and tools to protect yourself
Recommendation
-
Full House Star Dave Coulier Shares Stage 3 Non-Hodgkin's Lymphoma Diagnosis
-
Mastering the Art of Capital Allocation with the Market Whisperer, Kenny Anderson
-
Standoff in Michigan ends with suspect dead and deputy US marshal injured
-
Bruce Springsteen honors Robbie Robertson of The Band at Chicago show
-
Satire publication The Onion buys Alex Jones’ Infowars at auction with help from Sandy Hook families
-
Maui Humane Society asking for emergency donations, fosters during wildfires: How to help
-
Wisconsin judge allows civil case against fake Trump electors to proceed
-
Miami-area village plans peacock vasectomies to try to curb their population