News

EU Approves EUR 15 Million for Serbia from Current Arrangements

Monday, 30. Mar 2020.

The European Commissioner for European Neighborhood Policy and Enlargement Negotiations, Oliver Varhelyi, said in his letters to Serbian Prime Minister Ana Brnabic and European Integration Minister Jadranka Joksimovic that he had instructed his services to make EUR 15 million available for the current needs and that the funds would be provided from the current UNDP, UNOPS and EU integration arrangements.

As he said, it is necessary to once again examine the remaining funds of the EU integration instruments, worth a total of EUR 20.8 million.

Varhelyi added that, based on the agreement with the Government of Serbia, a timeframe needs to be redefined for projects such as the gas connection between Serbia and Bulgaria and the biomass project with the development bank KfW, in order for those funds to be redirected. This could release another EUR 57.6 million, the commissioner added.

In his letters, Varhelyi emphasized that the European Commission also cooperated with international financial institutions in order to find the optimal solutions to the issues of liquidity and financial problems of the private sector, FoNet reports.

The way in which multinational instruments, such as the Western Balkans guarantee, can help the region most efficiently, is being sought.


Source: ekapija

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