European Commission/PHOTO/Guillaume Périgois
The European Commission (EC) will allocate EUR 2.1 billion to support 14 leading investment companies and the private sector in the Western Balkan countries. The green light was given by the Operational Board of the Western Balkans Investment Framework (WBIF) on July 4.
The fifth investment package within the EU Economic and Investment Plan for the Western Balkans will support businesses dealing with transport, energy sector, environmental protection, and human capital, according to a release from the EU Info Network.
Projects have been designed in close cooperation with partners in the Western Balkans and international financial institutions in order to accelerate the region’s EU future.
The projects which will be supported include construction of sections on roads along Corridor Vc in Bosnia and Herzegovina and Corridor VIII in North Macedonia, renovation of hydropower plans in Serbia and Bosnia and Herzegovina to support clean energy, increasing energy efficiency in North Macedonia, and introducing environmentally friendly public transportation in Tirana. The investment package will also improve energy efficiency and integrated energy management at the University of Belgrade, finance entrepreneurs and digitalization and competitiveness of micro and small enterprises.
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