Varhelyi heralds major investments in Western Balkans

EU Enlargement Commissioner Oliver Varhelyi said on Tuesday (2 June) that major investments in economic growth linked to the COVID-19 recovery would be made to support the Western Balkans.

Along with increasing EU guarantees up to €130 billion for investments in southern and eastern EU neighbours and the West Balkan region, he said that an additional €10.5 billion would be set aside through the EU Development Fund to support the neighbourhood.

The support, according to Verhelyi, would be directed at economic recovery, small and medium-sized enterprises, as well as energy, transport, digital economy, environmental protection, and the “green economy.”

An additional €1 billion would ensure the Western Balkan region receive guarantees worth €2 billion.

Verhelyi said that a proposal had been submitted to the EU Council of Ministers and the European Parliament to increase to €14.5 billion funding for the next programs supporting the region.

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