ADVERTISEMENT

EU approves EUR 194 mln for new projects in Western Balkans

Int’l Relations

The European Bank for Reconstruction and Development (EBRD), the European Union and bilateral donors are stepping up their engagement in the Western Balkans, the Western Balkans Investment Framework (WBIF) has announced. 

During the 21st steering committee meeting of the WBIF, EUR 194 million in EU and bilateral grants was approved for new digital, environmental, transport and energy projects across the Western Balkans, the WBIF announced.

Grants approved for EBRD projects are expected to leverage more than EUR 400 mln in investments. They include the construction of three new motorway sections for Corridor Vc in Bosnia and Herzegovina, two new sections of Corridor X in North Macedonia, the rehabilitation of Kosovo’s railways, wastewater and sewage infrastructure in Gjilan (in eastern Kosovo) and broadband connectivity for rural schools in Serbia.

The EBRD and the EU also signed two contribution agreements totaling EUR 45 mln to support the Advice for Small Business program in the Western Balkans and the Regional Energy Efficiency Program, the WBIF said.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.