16-01-2023
North Macedonia stirring towards a greener future
With EU support, North Macedonia is confidently increasing its green energy generation capacity.
‘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.’
EU Commissioner for Neighbourhood and 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.
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
16-01-2023
With EU support, North Macedonia is confidently increasing its green energy generation capacity.
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