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Finance

EU funds will lead to structural reforms in North Macedonia, Minister says

During North Macedonia’s governmental meeting on Thursday (9 March), Deputy Prime Minister, Bojan Maricic, said that the EU’s 80-million-euro energy support package will, alongside its aim to build energy security resilience, lead to structural reforms to facilitate the green transition.

North Macedonia is developing medium and long-term investment plans with the support of the EU and international financial institutions, Mr Maricic said. Through the EU’s Western Balkans Investment Framework (WBIF), North Macedonia secured over 52 million euros of non-refundable funds for energy projects in the past year.

The country’s deputy PM added that during the latest funding call within the Western Balkans Framework, North Macedonia applied for new energy projects. The submitted projects would aim to increase the energy efficiency of health facilities in most cities and strengthen the electricity distribution network in the southeastern part of the country with green energy production.

Mr Maricic, who is the lead negotiator for his country’s accession to the EU, also said that North Macedonia’s energy sector will be additionally supported with funds from the Instrument for Pre-accession Assistance (IPA) within the 2024 programme.

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