Prime Minister Borisov and EIB President Hoyer agree to foster co-operation on the connectivity of the Western Balkans
1 February 2018
The Prime Minister of Bulgaria, Boyko Borisov, and the EIB President, Werner Hoyer, met in Brussels on 1st February. They discussed possibilities how the EIB can support priorities of the Bulgaria’s Presidency of the Council of the European Union, namely the European Perspective and Connectivity of the Western Balkans.
Mr Borisov underlined the necessity for a partnership between Bulgaria and the EIB to deliver tangible results for the development of the Western Balkans region. Mr Hoyer stated that the Western Balkans connectivity in terms of transport, air, energy, educational and digital infrastructure represents a top priority for the EU Bank. He stressed that the EIB will provide financing and expertise to help implement Bulgarian Presidency priorities that are widely shared by the Bank.
Mr Borisov expressed his readiness to familiarize EIB management with the individual infrastructure needs of each Western Balkans country. He stressed that investments into Western Balkans connectivity, particularly along the trans-European corridors, are important not only for this region but for Europe as a whole.
Werner Hoyer, President of the European Investment Bank (EIB), the bank of the European Union, spoke at the Western Balkans Berlin Summit on 5 July and reaffirmed the EIB’s firm commitment to the Western Balkans and its readiness to intensify support for the transition to greener, more digital and more inclusive economic growth.
The EIB remains committed to the economic and social development of the Western Balkans and plans to grow its investment portfolio in the region, prioritizing competitiveness, innovation and climate projects, announced the President of the European Investment Bank (EIB) Werner Hoyer at the Poznań Summit for the Western Balkans today.
Werner Hoyer, President of the EIB, announced at the Western Balkans Summit in Vienna a number of projects which the EU Bank is ready to finance in the near future, including the “Rail Route 10” within Kosovo*. Further operations envisaged by the EU Bank include the Trans-Adriatic Pipeline (TAP-project), where EIB launched the initial appraisal. The TAP-project will help diversify gas supply to the European Union and provide an opportunity to develop the use of gas as source of energy in the Western Balkans.