Current:Home > NewsEU chief says investment plan for Western Balkan candidate members will require reforms -Blueprint Money Mastery
EU chief says investment plan for Western Balkan candidate members will require reforms
PredictIQ Quantitative Think Tank Center View
Date:2025-04-06 17:57:34
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! (5)
Related
- 2025 'Doomsday Clock': This is how close we are to self
- Hydrogen may be a climate solution. There's debate over how clean it will truly be
- Beauty Influencer Amanda Diaz Swears By These 10 Coachella Essentials
- Israeli raid on West Bank refugee camp cut water access for thousands, left 173 homeless, U.N. says
- Sam Taylor
- Man said to be doing very well after 2 months adrift in Pacific with his dog on a damaged boat
- Jamie Foxx Suffers Medical Complication
- Italy told to brace for most intense heat wave ever, as Europe expected to see record temperatures
- Sonya Massey's father decries possible release of former deputy charged with her death
- London police apologize to family for unsolved 1987 ax murder of private investigator Daniel Morgan
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Iran's morality police to resume detaining women not wearing hijab, 10 months after nationwide protests
- 17 Delicate Jewelry Essentials From Sterling Forever, Oradina, Joey Baby & More
- Get ready for another destructive Atlantic hurricane season
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Oyster reefs in Texas are disappearing. Fishermen there fear their jobs will too
- Fed nominee Sarah Bloom Raskin withdraws after fight over her climate change stance
- The U.S. may soon export more gas to the EU, but that will complicate climate goals
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
20 Stylish Dresses That Will Match Any Graduation Robe Color
This Adorable $188 Coach Outlet Bag Is Currently on Sale for $75— & Reviewers Are Obsessed
The Western megadrought is revealing America's 'lost national park'
Meet first time Grammy nominee Charley Crockett
Oregon's ambitious sustainable power plant
Never Have I Ever: Find Out When the 4th and Final Season Premieres, Plus Get Your First Look
Texas and other states want to punish fossil fuel divestment