Financial aid for Serbia, Bosnia, Armenia and Georgia

Published: 24 November 2009 y., Tuesday
Print icon twitter icon facebook icon Send mail icon Print icon

Eurai
Parliament gave its backing on Tuesday for €400 million-plus in budget aid to Serbia, Bosnia and Herzegovina, Armenia and Georgia. The funds are to help these countries to finance their external balances of payments and state budget deficits.

"Parliament's swift and decisive action will allow the Council to adopt decisions on the four operations in the next few days", said EU Commissioner Sim Kallas in the plenary debate on the day before the vote.

After the green light from the Council, the four countries will be entitled to receive from the EU up to: €200 million for Serbia (in the form of a loan), €100 million for Bosnia and Herzegovina (loan), €100 million for Armenia (€65 million loan, €35 million grant), and €46 million for Georgia - (grant).

The following reports were adopted on Tuesday:

Vital MOREIRA (S&D, PT) on macro-financial assistance to Georgia: 550 in favour, 55 against, 60 abstentions

Vital MOREIRA (S&D, PT) on macro-financial assistance to Armenia: 580 in favour, 29 against, 55 abstentions

Miloslav RANSDORF (GUE/NGL, CZ) on  macro-financial assistance to Serbia: 583 in favour, 23 against, 58 abstentions

Iuliu WINKLER (EPP, RO) on macro-financial assistance to Bosnia and Herzegovina: 583 in favour, 23 against and 56 abstentions.

 

Šaltinis: europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Joint Statement on Greece by EU Commissioner Olli Rehn and IMF Managing Director Dominique Strauss-Kahn

Mr. Olli Rehn, European Union Commissioner, and Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following joint statement on Greece. more »

Business And Eeconomics
Published: 03/05/2010

An offer to exercise the right of pre-emption to purchase a new AB Bank SNORAS ordinary registered share issue

The offering of shares of the new issue will commence on 03-05-2010. more »

Business And Eeconomics
Published: 03/05/2010

World Bank Supports Urban Development in Bhutan

The World Bank today approved a $12 million IDA credit to Bhutan, designed to improve infrastructure services in parts of the capital city of Thimphu where no formal services are currently available. more »

Business And Eeconomics
Published: 30/04/2010

Reform of the Common Fisheries Policy high on the agenda at events in Spain

Fisheries ministers and stakeholders alike will be discussing the future shape of the EU's Common Fisheries Policy at two major events in Spain over the next days. On 2 and 3 May, in La Coruña, the Commission and the Spanish Presidency are organising a large stakeholder conference on the reform of the Common Fisheries Policy. more »

Business And Eeconomics
Published: 30/04/2010

IMF’s Regional Outlook Shows Asia Leading Global Recovery

Asia is leading the global recovery and the region’s contribution to global growth will continue to exceed that of other regions in the next two years, the International Monetary Fund (IMF) said today in its latest Regional Economic Outlook (REO) for Asia and the Pacific. more »

Business And Eeconomics
Published: 30/04/2010

EBRD supports development of green energy in Poland

The EBRD is supporting the modernization of the electricity distribution network and the development of renewable energy sources in Poland with a PLN 800 million loan (equivalent to approximately €205 million) to the Energa energy group in order to help the company strengthen its power grid. more »

Business And Eeconomics
Published: 30/04/2010

Baltic Development Forum 2010

At the beginning of the summer this year, Vilnius will become the capital of the Baltic Sea region. On 1-2 June 2010, the city will host the Baltic Sea States Summit and the Baltic Development Forum (BDF) Summit. more »

Business And Eeconomics
Published: 30/04/2010

Visit Lithuania by a Hot Air Balloon at the World EXPO 2010 in Shanghai

Visitors of the World Expo 2010, which will open in the Chinese city of Shanghai on May 1st under the slogan “Better City, Better Life” and will last for 184 days until the end of October, are kindly invited to get into a hot air balloon at the Lithuanian Pavilion. more »

Business And Eeconomics
Published: 30/04/2010

SEB Bank Group Lithuania Result

According to preliminary data, unaudited net loss sustained over the first quarter of the year 2010 by SEB Bank is LTL 59,4 million (EUR 17,2 million) and that by SEB Bank Group is LTL 80,3 million (EUR 23,3 million). more »

Business And Eeconomics
Published: 30/04/2010

Globalisation fund unemployment aid - a good tool, but far too slow

European Globalisation Adjustment fund (EGF) aid must be delivered faster and more simply to unemployed workers hit by the financial crisis or globalisation, concluded the Budgets and Employment committees after evaluating the fund on Wednesday. more »

Business And Eeconomics
Published: 29/04/2010

Top News