As part of its report on enlargement, the European Commission proposed on Tuesday 6 October a €9 billion plan for the Western Balkans to foster economic recovery, human capital or competitiveness and inclusive growth, support their green and digital transition, encourage their regional integration and facilitate their convergence with the Union.
The plan identifies up to ten flagship investment initiatives related to rail connections, renewable energy and coal phase-out, building renovation, waste and water management or broadband. It also includes support for innovation, SMEs and young people. The aim is also to reduce the cost of financing public and private investment. The EU executive points out that, thanks to the EU guarantee for external action and the European sustainable development fund, the Balkan region could benefit from investment potential of up to €20bn.