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

Equal pay for women - not yet

Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown. more »

Business And Eeconomics
Published: 08/03/2010

EU's biggest-ever energy package

43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package. more »

Business And Eeconomics
Published: 05/03/2010

Georgia to gradually integrate into the European common aviation market

Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators. more »

Business And Eeconomics
Published: 05/03/2010

Mobility Programme for Business and Industry calls for applications

In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme. more »

Business And Eeconomics
Published: 05/03/2010

EBRD and Société Générale support economies in Serbia

The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises. more »

Business And Eeconomics
Published: 05/03/2010

Armenia’s Ameriabank receives EBRD financing

The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF). more »

Business And Eeconomics
Published: 05/03/2010

EBRD funds modernisation of roads in Albania

The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country. more »

Business And Eeconomics
Published: 05/03/2010

Latvia: Social Investment Fund III Project Second Additional Financing

Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives. more »

Business And Eeconomics
Published: 05/03/2010

IMF Managing Director Dominique Strauss-Kahn to Visit Africa to Deepen Dialogue on the Continent’s Economic Challenges

Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis. more »

Business And Eeconomics
Published: 05/03/2010

2011 budget: focus on youth and economic recovery

Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget. more »

Business And Eeconomics
Published: 05/03/2010

Top News