Current:Home > NewsEU chief says investment plan for Western Balkan candidate members will require reforms -NextGenWealth
EU chief says investment plan for Western Balkan candidate members will require reforms
View
Date:2025-04-17 09:59:51
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! (54)
Related
- Meta releases AI model to enhance Metaverse experience
- Environmental Groups Are United In California Rooftop Solar Fight, with One Notable Exception
- Get Your Skincare Routine Ready for Summer With This $12 Ice Roller That Shoppers Say Feels Amazing
- CoCo Lee Reflected on Difficult Year in Final Instagram Post Before Death
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- As some families learn the hard way, dementia can take a toll on financial health
- Inside Malia Obama's Super-Private World After Growing Up in the White House
- Why Beyoncé Just Canceled an Upcoming Stop on Her Renaissance Tour
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Is AI a job-killer or an up-skiller?
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Here's what could happen in markets if the U.S. defaults. Hint: It won't be pretty
- You Won't Believe How Much Gymnast Olivia Dunne Got Paid for One Social Media Post
- Yellen sets new deadline for Congress to raise the debt ceiling: June 5
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Disney World is shutting down its $2,500-a-night Star Wars-themed hotel
- A Pipeline Giant Pleads ‘No Contest’ to Environmental Crimes in Pennsylvania After Homeowners Complained of Tainted Water
- Kathy Hilton Shares Cryptic Message Amid Sister Kyle Richards and Mauricio Umansky Divorce Rumors
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Billy Porter and Husband Adam Smith Break Up After 6 Years
Save 53% On This Keurig Machine That Makes Hot and Iced Coffee With Ease
At COP27, an 11th-Hour Deal Comes Together as the US Reverses Course on ‘Loss and Damage’
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
A Natural Ecology Lab Along the Delaware River in the First State to Require K-12 Climate Education
The Texas AG may be impeached by members of his own party. Here are the allegations
Yes, Puerto Rican licenses are valid in the U.S., Hertz reminds its employees