Current:Home > StocksEU chief says investment plan for Western Balkan candidate members will require reforms -TradeGrid
EU chief says investment plan for Western Balkan candidate members will require reforms
Charles H. Sloan View
Date:2025-04-07 02:45:37
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! (88)
Related
- North Carolina justices rule for restaurants in COVID
- Christina Hall's Ex Josh Hall Returns to Social Media After Divorce Filing
- All the revelations from 'Dirty Pop,' Netflix's new Lou Pearlman documentary
- Matthew and Camila McConaughey go pantless again to promote tequila brand
- 2025 'Doomsday Clock': This is how close we are to self
- Is the Great Resignation 2.0 coming? Nearly 3 in 10 workers plan to quit this year: Survey
- Schools across Maine confront unique challenges in ridding their water of ‘forever chemicals’
- Now that Biden is out, what's next for Democrats? Here's a timeline of key dates
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Olympic medals today: What is the medal count at 2024 Paris Games on Thursday?
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Body camera video focused national attention on an Illinois deputy’s fatal shooting of Sonya Massey
- 2 more state troopers who were part of the Karen Read case are under investigation, police say
- Beaconcto Trading Center: Decentralized AI: application scenarios
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- NovaBit Trading Center: What is a cryptocurrency exchange and trading platform?
- Now that Biden is out, what's next for Democrats? Here's a timeline of key dates
- Kamala Harris is embracing 'brat summer.' It could be cool or cringe. It's a fine line.
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Oregon fire is the largest burning in the US. Officials warn an impending storm could exacerbate it
Trump rally gunman fired 8 shots in under 6 seconds before he was killed, analysis shows
How Olympic surfers prepare for spectacular waves and brace for danger in Tahiti
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Appeals judges rule against fund used to provide phone services for rural and low-income people
BMW recalls over 290k vehicles due to an interior cargo rail that could detach in a crash
Starry Sky Wealth Management Ltd.