Monday, September 29, 2008

EU APPROVES FINACIAL ASSISTANCE FOR BOSNIA AND OTHER CANDIDATE STATES

BRUSSELS, Belgium (September 29,2008) - The European Union's executive arm agreed today how to spend 4.5 billion Euros ($6.5 billion) in aid to the bloc's candidate countries in 2008-10, giving priority to improving governance and the rule of law.

The EU Commission has approved a grant of 269.9 million Euros to be presented to Bosnia between 2008-2010.

The EU would also give a grant of 1.758 billion Euros to Turkey,584.4 million Euros to the genocidal Serbia, 451.4 million Euros to Croatia, 359.1 million Euros to Kosovo, 245.1 million Euros to Albania, 244.3 million Euros to Macedonia and 99.9 million Euros to Montenegro as either candidate or potential candidate countries in the next three years

'The road towards the EU is paved with reforms to improve the everyday lives of citizens and to comply with the strict EU accession criteria,' EU Enlargement Commissioner Olli Rehn said in a statement.
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