Skopje, 12 October 2024 (MIA) – The Reform Agendas of Albania, Kosovo, Montenegro, North Macedonia and Serbia have been approved under the new €6 billion Reform & Growth Facility, better known as the Growth Plan for the Western Balkans, Hungary’s EU Presidency announced on Friday.

“This paves the way for pre-financing to begin during the Hungarian Presidency. Supporting the Western Balkans' integration remains a key priority of #HU24EU [Hungarian Presidency],” said a post on X (former Twitter).

Under the Western Balkans Growth Plan, North Macedonia should be allocated €750 million, divided into several tranches. The first tranche of 7%, €52.5 million, should be allocated by the end of the year at the latest. 

According to the formula of the regulation for the reform and growth facility, adopted by the European Parliament and the Council of the EU, North Macedonia should get €750.4 million in the period from 2024 until 2027, which should be used in relation to the implementation of reforms.

The Council of the EU in early May adopted the Growth Plan for the Western Balkans in amount of €6 billion, designed to support the countries in the region in their EU accession path. 

Photo: X account of the Hungarian EU Presidency