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

EBRD funds strategic motorway in Serbia

The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X. more »

Business And Eeconomics
Published: 23/09/2009

IMF Completes First Review Under Stand-By Arrangement with Romania

The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA). more »

Business And Eeconomics
Published: 22/09/2009

IMF Executive Board Approves US$21.5 Million PRGF Arrangement for the Union of the Comoros

The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros. more »

Business And Eeconomics
Published: 22/09/2009

IMF Executive Board Completes Second Review Under Stand-By Arrangement with Mongolia

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA). more »

Business And Eeconomics
Published: 22/09/2009

Parex banka establishes subsidiary for real estate management

Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business. more »

Business And Eeconomics
Published: 18/09/2009

Prime Minister Andrius Kubilius: a more intensive dialogue between the EU and Belarus is a chance for all of us

In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe... more »

Business And Eeconomics
Published: 17/09/2009

Verizon Business SMB Solutions Team Advances Collaboration Capabilities for Juvenile Diabetes Research Foundation

JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents. more »

Business And Eeconomics
Published: 17/09/2009

AB Bank SNORAS group acquired “Finasta” group

On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”. more »

Business And Eeconomics
Published: 17/09/2009

Bernanke: recession likely over

Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time. more »

Business And Eeconomics
Published: 16/09/2009

European economy recovering sooner than expected

Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading. more »

Business And Eeconomics
Published: 15/09/2009

Top News