By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Varhelyi presented EU Investment Plan in Bosnia and Herzegovina
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > POLITICS > Varhelyi presented EU Investment Plan in Bosnia and Herzegovina
POLITICS

Varhelyi presented EU Investment Plan in Bosnia and Herzegovina

Published: October 10, 2020
Share
SHARE

European Commissioner for Neighborhood and Enlargement Oliver Varhelyi spoke on Friday with the leadership of the House of Representatives and the House of Peoples of the Parliamentary Assembly of Bosnia and Herzegovina (PSBiH).

As it was pointed out on that occasion, the main goal of Varhely’s three-day working stay in as many as six Western Balkan countries is to present a new EU investment plan that will stimulate the entire region, but also to point out the need for countries aspiring to join the European Union.

Varhelyi pointed out that the European Union intends to provide nine billion euros in grants and more than 20 billion in guarantees, which is a third of the total GDP of the entire Western Balkans, and that thanks to this financial injection, GDP growth in the region would amount to 3, 6 percent, although there are those who claim that the growth figure could be higher.

He added that development projects that would mean real economic progress would be preferred in the placement of these funds, and pointed out the most interesting areas as the infrastructural connection of the region’s capitals, strengthening the broadband internet network with the aim of establishing a new digital economy, energy, and the field of education and the creation of an attractive and prosperous region from Bosnia and Herzegovina in which young professionals will seek their future.

Also, he welcomed the Little Schengen initiative as an opportunity for an easier and faster flow of goods, investments and services between the countries of the region.

In particular, the Commissioner of the European Commission expressed satisfaction with the fact that the conditions for holding local elections in Mostar have been harmonized, as well as the Strategy for Work on War Crimes Cases. The members of the leadership of the chambers agreed with Commissioner Varhelyi that it is necessary to work intensively in BiH on creating a favorable investment climate, which implies a whole series of reform measures in various fields.

The fact that after the establishment of the government, the process of fulfilling the 14 priorities necessary for obtaining EU candidate status was strongly initiated was positively assessed. The expectation was expressed that this big step towards the EU could be made by the summer of 2021, and it was emphasized that cooperation with the international community is very desirable in these development processes, but that a solution needs to be reached primarily through intensive dialogue and action of domestic political actors.

Algerian Ambassador plants Linden Tree in Sarajevo’s Alley of Ambassadors, Strengthening BiH – Algeria Friendship
Pensioners in the Federation of BiH will receive a one-time Financial Aid
Ambassador Saxer: I had the Opportunity to meet wonderful People in Bosnia and Herzegovina
Bosnian Artists are Benefitting from the Pandemic, but not Financially
BiH declares State of Natural Disaster over Wildfires
TAGGED:#BiH#commissioner#economy#EU#GDP#politics
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Indictment issued against One Person for Help in Execution of Genocide in Srebrenica
Next Article SDA Party made an Unanimous Decision to expel Aljosa Campara
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

The Official Position of the Government of Canada: Honoring convicted War Criminals is unacceptable
September 10, 2026
Zakharova: Serbs have nothing to regret
September 10, 2026
Young Man from BiH with a Brilliant Idea: Sarajevo Sebilj Could Soon Get a LEGO Version
September 10, 2026
Two Days of Sports, Family Fun and Humanity on the Streets of the Capital
September 10, 2026
What Mladic’s Funeral Says about the Serbian Orthodox Church’s Stance on the Srebrenica Genocide
September 10, 2026
Why Half of the Citizens Refuse to Vote
September 10, 2026
Commemoration Day for the Victims of the NATO Bombing in Republika Srpska
September 10, 2026
RS Court: BHRT does not owe RTRS 17.7 Million BAM
September 10, 2026
FM Decision to Expel Serbian Diplomats Sparks Political Reactions and Raises Regional Tensions
September 10, 2026
Zeljeznicar defeats Sarajevo in the Eternal Derby
September 10, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?