The key for approaching the EU with Western Balkan countries remains cooperation between both communities.
The key words in the summit with Western Balkan, held in London, were “reinforcing cooperation”.
The European Commission quoted the EU High Representative, Federica Mogherini, of having said that “we have all been working together to take the region closer to the EU politically, economically and as regards security. We have seen wonderful results, solutions of difficult bilateral matters. Western Balkan is progressing constantly. Today we reconfirm that we are together with the region on this path, sharing our dedication towards a joint future”.
The Regional Economic Area, for which the parties agreed at the Trieste Summit, in 2017, remains the main instrument for the social-economic development of the region. It was expected to increase the interest of foreign investors and encourage trade, which will create new jobs as chain reactions.
Expanding the digital abilities of the region through the Digital Agenda for Western Balkan will also help increasing the economic stability.
With the initial commitment of the EU, up to 150 million EUR in 2019-2020, a total of 1 billion EUR will be issued through investments on stable social-economic development and regional integration. The guarantee will allow the sharing of the financial risk to unblock private investments into a wider range of sectors, such as new smaller businesses, investments in infrastructure and in social sectors”, underlines the EC press release.
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