EU redistributes Western Balkans funding: First this morning, a scoop by my colleague Luca Bertuzzi. The European Commission is set to redistribute funding it has allocated to Western Balkan candidate countries, with frontrunners Montenegro, Albania and North Macedonia poised to receive cash at the expense of other countries in the region, two EU officials told Euronews.
The Reform and Growth Facility for the Western Balkans, set up in 2024, provides €6 billion in financial incentives for EU candidate countries in the region to implement the reforms needed to advance in their bids to join the bloc. The tool covers the 2024-2027 period, with the ambition of doubling the size of Western Balkan economies within the next decade.
