Current:Home > reviewsEU chief says investment plan for Western Balkan candidate members will require reforms -TruePath Finance
EU chief says investment plan for Western Balkan candidate members will require reforms
View
Date:2025-04-26 16:34:32
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! (5436)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Riley Strain Dead at 22: Police Detail What Led to Discovery of Missing Student
- Rick Barnes would rather not be playing former school Texas with Sweet 16 spot on line
- Orioles send Jackson Holliday, MLB's No. 1 prospect, to minor leagues
- A White House order claims to end 'censorship.' What does that mean?
- FACT FOCUS: Tyson Foods isn’t hiring workers who came to the U.S. illegally. Boycott calls persist
- Who is Dan Schneider? The Nickelodeon 'golden boy' accused of abusive behavior in new doc
- Bella Hadid, Erehwon, TikTok influencers are using sea moss. Is it actually good for you?
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Chrysler to recall over 280,000 vehicles, including some Dodge models, over airbag issue
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- What is known about Kate’s cancer diagnosis
- Maryland US Rep. David Trone apologizes for using racial slur at hearing. He says it was inadvertent
- Are there any perfect brackets left in March Madness? Very few remain after Auburn loss
- Tom Holland's New Venture Revealed
- Man pleads guilty in fatal kidnapping of 2-year-old Michigan girl in 2023
- Colorado stuns Florida in 102-100 thriller in NCAA Tournament first round
- Jennifer Aniston’s Go-To Vital Proteins Collagen Powder & Coffee Creamer Are 30% Off at Amazon Right Now
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Georgia bill would give utility regulators extra years in office without facing voters
Virginia police identify 5 killed in small private jet crash near rural airport
With all the recent headlines about panels and tires falling off planes, is flying safe?
DoorDash steps up driver ID checks after traffic safety complaints
Midwest commuters face heavy snow starting Friday as New England braces for winter storm
Carlee Russell pleads guilty and avoids jail time over fake kidnapping hoax, reports say
Polling places inside synagogues are being moved for Pennsylvania’s April primary during Passover