The European Commission has announced a €680 million investment package for the Western Balkans, focusing on flagship projects in rail transport and renewable energy. This marks the sixth financial package under the EU’s Economic and Investment Plan for the region, set to mobilize a total of €16.6 billion in investments. The funds, endorsed by the Western Balkans Investment Framework, include EU grants, international loans, and contributions from the region. The approved projects cover the reconstruction of railway lines in Albania and Montenegro and the development of wind farms and a solar power plant in Bosnia and Herzegovina and Albania, respectively. These initiatives align with the EU’s goal of fostering sustainable growth, regional integration, and the Western Balkans’ path to EU membership.
February 12, 2024
