In the aim of soothing growing frustrations of the Western Balkans regarding its accession process, the European Union has announced another support package for the six countries at the EU-Western Balkans Summit in Brdo (Slovenia) on 6 October 2021.
The EU’s €3.3 billion pandemic support will be complemented by another €1.1 billion to this year’s allocation for the Plan. This package is a part of the €9 billion Economic and Investment Plan adopted by the EU in 2020. Brussels assumes that such a financial contribution in grants as well as Western Balkans Guarantee facility will potentially generate another €20 billion of investments coming to the region.
Investments are concentrated on ensuring the region’s long-term economic recovery, supporting a green and digital transition, and fostering regional integration and convergence with the European Union. However, no dates have been set for a possible future adhesion to the EU.
EU leaders offer words, funds to disillusioned Western Balkans