EU Approves Reform Agendas, Unlocking €6 Billion Growth Facility for Western Balkans

The European Commission has approved the Reform Agendas of Albania, Kosovo*, Montenegro, North Macedonia, and Serbia, following the positive opinion of EU Member States

These ambitious agendas outline the socio-economic and fundamental reforms that the five Western Balkan governments will undertake to drive growth and closer integration with the EU between 2024 and 2027, as part of the EU’s Growth Plan.

Ursula Von der Leyen, Photo: audiovisual.ec.europa.eu

Commission President Ursula von der Leyen praised the efforts of the Western Balkan partners, stating: “I’m impressed by the work of our Western Balkan partners on their Reform Agendas. It shows that they are committed to the success of the Growth Plan. It’s our roadmap to bring the economies of the Western Balkans closer to ours, and to give their companies access to compete in our Single Market. Everyone benefits, and it’s a big leap forward towards the European Union.”

This approval is a crucial step in unlocking payments under the EU’s €6 billion Reform and Growth Facility, which will be disbursed upon completion of the agreed reform steps

The Reform Agendas emphasize key reforms in areas such as rule of law, governance, the digital and green transition, human capital development, and improving the business environment.

In addition to these reforms, each country has proposed investments to be funded through the Facility, essential for unlocking socio-economic growth, which will be approved under the Western Balkan Investment Framework.

Have a news tip or story to share? Email us at info@connectingregion.com

KONTEH Marks 20 Years Connecting Students and Tech Industry 

One of Serbia’s most prominent student technology events returns this March, celebrating two decades of linking academia with the...

Artificial Intelligence Set to Reshape Job Market in Serbia

The rapid development of artificial intelligence is expected to significantly reshape the labour market, with experts warning that certain...

Over 230,000 Electronic Certificates Issued Since e-Bolovanje Launch

Since the introduction of the e-Bolovanje system, more than 230,000 electronic sick leave certificates have been issued in Serbia,...

Leadership Transition at Rimac Technology 

Rimac Technology, the internationally recognised Tier 1 automotive supplier, has announced key leadership changes designed to steer the company...

Bosnia and Herzegovina Advances Armed Forces Modernization

The Council of Ministers of Bosnia and Herzegovina has approved several multi-year modernization projects for the Armed Forces, including...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities