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Summary
The EU on Thursday announced an energy support package of €1 billion ($975 million) to help the Western Balkans deal with the spiraling energy crisis in Europe.
"The EU continues to stand behind the Western Balkans -- both in good times and in hardship," said European Commission President Ursula von der Leyen said a Berlin summit being held to speed up the region's integration with the EU.
"Today we are putting together a €1 billion energy support package to protect the most vulnerable groups and boost much-needed investments in energy diversification. We are investing in the economic fabric of the region to advance in the clean energy transition and come out greener, stronger, and more sustainable from the current crisis," said Von der Leyen.
"The medium-term assistance in the next 2-3 years will include other investments contributing to the energy transition and security. These measures will cover large-scale renewable energy generation projects, upgrade of energy transmission systems, district heating, and schemes for energy efficiency for the old blocks-of-flats," it added.
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