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Balkans

FIGHTING THE CRISIS 28. 04. 2020.   >>  16:49 0

FIGHTING THE CRISIS

The EU is preparing a major financial package for the Western Balkans

The European Union (EU) is preparing a major financial package for the Western Balkans to help countries in the region deal with the coronavirus crisis and the economic consequences of this crisis, Radio Free Europe reports from reliable sources within the European Commission.

A specific European Commission project concerns a major economic investment plan for the region, which the institution is set to present this fall.

 

The EC should present a financial package in the coming days. According to the RSE, support will be provided to the health sector, in particular by delivering essential life-saving supplies and significant support for social and economic recovery.

 

The region will receive financial support from two institutions separately:

The European Commission on the one hand and the European Investment Bank on the other. The exact sum of the entire package is not yet known, but there is talk of "billions of euros" to be allocated by the two institutions.

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