Economies in emerging Europe – and further afield – will now have a further option to finance important and much needed investment in infrastructure.
The European Commission has revealed an international infrastructure plan, dubbed Global Gateway, which aims to mobilise 300 billion euros in public and private infrastructure investment between 2021 and 2027.
“The Global Gateway Strategy is a template for how Europe can build more resilient connections with the world,” highlighted European Commission President Ursula von der Leyen.
Five countries in the Western Balkans (Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia), together with Georgia, have joined the European Union’s Horizon program, which has a 95 billion euros budget to spend on research and innovation.
Albania is also expected to join Horizon Europe in the coming weeks.
During the previous editions of the Horizon program, the Western Balkans partners received 170 million euros in direct EU contributions, with approximately 1,000 organizations participating.
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