18-03-2025
Montenegro receives a €23 million grant to enhance sustainable water use and climate resilience
The EU grant will enable the construction and extension of water supply and sanitation infrastructure in three...
‘The Plan offers a path for a successful regional economic integration to help accelerate convergence with the EU and close the development gap between our regions, ultimately speeding up the process of EU integration. This plan should help to transform the Western Balkans into one of the most attractive regions for investments in the world.’
Commissioner for Enlargement
The Economic and Investment Plan identifies 10 investment flagships and aims to spur the long-term recovery, accelerate a green and digital transition, and foster regional cooperation and convergence with the EU. It will help attract public and private investments, backed by the Western Balkan Guarantee Facility, which has a potential to mobilise up to €20 billion. Investments will only be sustainable if Western Balkan partners accelerate reforms, including in the area of rule of law and fight against corruption.
The main aim of the Economic and Investment Plan is to spur the long-term economic recovery of the region and foster regional economic integration. We want to support a green and digital transition in the Western Balkans, the implementation of reforms required to move forward on the EU path, and bring the region closer to the EU Single Market. All of this should lead to sustained economic growth and job creation.
The implementation of the Economic & Investment Plan for Western Balkans directly contributes to the Global Gateway, EU’s connectivity strategy launched in 2021 aiming to boost smart, clean and secure links in digital, energy and transport sectors and to strengthen health, education and research systems across the world. Global Gateway is fully aligned with the UN’s Agenda 2030 and its Sustainable Development Goals, as well as the Paris Agreement. Global Gateway aims to mobilise up to €300 billion in investments. Through a 'Team Europe approach', Global Gateway will bring together the EU, its Member States and their financial and development institutions to mobilise the private sector to leverage investments for a transformational impact.
Up to
€ 9 bn
in EU funding
To support:
Up to
€ 20 bn
of investments
To reduce:
Team Europe
€ 3.3 bn
for the region
To support:
Under the adopted Multi-annual Financial Framework 2021-2027
frontloaded for funding in 2021-22 with the expectation that these would unlock significant investments
as the guiding principle for a human-centric digital transformation of their economies and societies
as a stepping-stone to integrate the region more closely with the EU Single Market
to innovate and develop an economic niche
offers a blueprint for joint action to tackle the challenges of green transition
and respect for fundamental rights, functioning of democratic institutions and public administration
18-03-2025
The EU grant will enable the construction and extension of water supply and sanitation infrastructure in three...
05-03-2025
EU support will extend the life of this Serbian infrastructure, contributing to the green energy shift.
06-02-2025
Opportunities for companies presented at the European information day in Podgorica.
19-02-2025
Eco-Industrial Parks (EIPs) are industrial zones where businesses collaborate in shared spaces designed to op...
10-02-2025
WBIF Private Sector Booklet Blending and Guarantees (January 2025).
02-12-2024
WBIF Key Achievements Report for 2023 on advancing the implementation of the EU's Economic and Investment Plan...
