Sitemap

Serbia to Receive €1.63 Billion in EU Funding for Western Balkans Growth Plan

CorD Recommends

NBS Foreign Exchange Reserves Increase by €4.38 Billion in One Year

The gross foreign exchange reserves of the...

Serbia Among Europe’s Fastest-Growing Economies in 2024

Serbia ranked as one of Europe’s fastest-growing...

Winning Design Selected for New Nikola Tesla Museum Building

The international architectural competition for the new...

Serbia Records Historic High in Foreign Investments

Serbia has achieved a record-breaking €5.1 billion...

Nigeria Joins BRICS as a Partner Country

Nigeria has been admitted to BRICS as a partner country, the Brazilian Ministry of Foreign Affairs announced. Brazil currently...

Serbia and Israel Sign MoU on Telecommunications and Postal Services Cooperation

Serbia and Israel have signed a Memorandum of Understanding in Belgrade to strengthen cooperation between their respective ministries in...

Sweden Begins Construction of World’s Second Nuclear Waste Repository

Sweden has started building a storage facility for spent nuclear fuel, becoming only the second country in the world...

US Removes Cuba from Terrorism Sponsor List and Eases Some Sanctions

The United States has removed Cuba from its list of state sponsors of terrorism and eased certain economic sanctions...

Serbian Chamber of Commerce and Tesla Science Foundation Sign Cooperation Agreement

Branislava Simanić, Director of the Entrepreneurship Sector at the Serbian Chamber of Commerce (PKS), has signed a cooperation agreement...

Serbia is set to receive €1.63 billion as part of the new Western Balkans growth plan over the next four years, out of the €6 billion allocated by the EU for the region. 

The allocation, based on population and GDP, designates €969 million for Bosnia and Herzegovina, €924 million for Albania, €807 million for North Macedonia, €888 million for Kosovo, and €388 million for Montenegro. 

This funding represents nearly 30% of the total growth fund for Serbia. The actual disbursement will depend on the EU’s assessment of Serbia’s progress in key reform areas such as rule of law, democratic systems, relations with Kosovo, and alignment with EU foreign policy. These funds are in addition to previously agreed IPA pre-accession funds. 

Read more...

Young People in the EU Show Greater Trust in Others

In 2023, the estimated average trust level in others among individuals aged 16 and older in the European Union was 5.8 (on a scale...

Belgian Residents Among the Wealthiest in Europe

Belgian residents are among the wealthiest in Europe, with their wealth significantly exceeding the eurozone average, according to the National Bank of Belgium (NBB). The...

Initial payments could arrive before the summer break, with Serbia and other regional countries already submitting reform proposals in key sectors: rule of law, business climate, human capital development, energy and green transition, and digital sector.

Related Articles

Sweden Begins Construction of World’s Second Nuclear Waste Repository

Sweden has started building a storage facility for spent nuclear fuel, becoming only the second country in the world to embark on such a...

Young People in the EU Show Greater Trust in Others

In 2023, the estimated average trust level in others among individuals aged 16 and older in the European Union was 5.8 (on a scale...

Belgian Residents Among the Wealthiest in Europe

Belgian residents are among the wealthiest in Europe, with their wealth significantly exceeding the eurozone average, according to the National Bank of Belgium (NBB). The...

EBRD Investments Surge to a Record €16.6 Billion in 2024

The European Bank for Reconstruction and Development (EBRD) reported a 26% increase in investments in 2024, reaching a record €16.6 billion. This growth was...

Serbia Among Europe’s Fastest-Growing Economies in 2024

Serbia ranked as one of Europe’s fastest-growing economies in 2024, according to a report by Macroeconomic Analyses and Trends (MAT). The report highlights that Serbia’s...

Norway Sets Record for Gas Exports in 2024, Retains Position as Europe’s Top Supplier

Norway exported a record amount of natural gas in 2024 and is expected to maintain near-record levels in the coming years, according to official...

EU Sparkling Wine Production and Exports Decline in 2023

In 2023, the European Union produced 1.496 billion liters of sparkling wine from fresh grapes, marking an 8% decrease from 2022, when production reached...

Montenegro’s Foreign Trade Reaches €4.26 Billion in First 11 Months of 2023

Montenegro's total foreign trade in goods amounted to €4.26 billion in the first 11 months of 2023, a 3.7% increase compared to the same...