Connect with us

World

Balkan leaders vow to bring economies in line with EU regulations on road to membership

Published

on

Balkan leaders vow to bring economies in line with EU regulations on road to membership

The leaders of Western Balkan countries agreed Thursday to speed up regional cooperation to benefit more from a new European Union plan of financial aid that will help provide a faster road to membership.

Brussels’ plan calls for about $6.5 billion to be sent to the Balkan states over the next three years in an effort to double the region’s economy over the next decade and accelerate their efforts to the join the bloc. That aid is contingent on reforms that would bring their economies in line with EU rules.

Balkan leaders have welcomed the plan, but the reform agenda is a challenge to implement.

US SECRETARY OF STATE SUPPORTS WESTERN BALKANS ON PATH TOWARD EUROPEAN UNION INTEGRATION

Albanian Prime Minister Edi Rama, who hosted the summit in Tirana, called the new growth plan “a truly encouraging result of a friendly and open exchange of views.”

Advertisement

“The new opportunity of this out-of-the box plan represents not only recognition from the EU of our decade-long efforts to build a common future against the savage winds of the past, but also challenges us to demonstrate our readiness for a shared European destiny,” he said in an opening speech.

The region’s six countries — Albania, Bosnia, Kosovo, Montenegro, North Macedonia and Serbia — are at different stages in their applications for membership, but residents have been frustrated with the slow pace of the process. Croatia was the last EU member country to be accepted in 2013.

Leaders of Western Balkan countries and other officials pose for a picture after a summit in Tirana, Albania, on Feb. 29, 2024. (AP Photo/Armando Babani)

EU Enlargement Commissioner Oliver Varhelyi said the European Commission aims to halve the implementation time for the new “ambitious” plan.

Varhelyi told reporters that the Western Balkan countries agreed to take concrete steps this year such as unifying their financial regulations. Rama said banking transaction costs are six times higher for countries in the region and the new rules would save $540 million.

Advertisement

The six countries also pledged to adapt customs regulations and create joint border crossings like EU member countries.

They also set targets of launching research and development hubs for industry and installing free Wi-Fi in public places.

“But for this to go forward, we also need the region to go forward and that means to deliver on the reforms that are necessary to make this plan functioning and functional,” Varhelyi said.

Present at Thursday’s meeting were Serbian President Aleksandar Vucic, North Macedonian Prime Minister Talat Xhaferi and Borjana Kristo, head of Bosnia-Herzegovina’s Council of Ministers. Kosovo Prime Minister Albin Kurti planned to send an online message. There was no representative from Montenegro.

Advertisement

Varhelyi was accompanied by senior Commission officials and representatives from international financial institutions.

Rama said bilateral disputes should not interfere in the implementation of the growth plan.

Serbia has not recognized Kosovo’s 2008 independence, and recent tensions between them have sparked concern among Western powers. Both have said they want to join the EU, but the bloc has warned that their refusal to compromise is jeopardizing their chances for membership.

World

Iranians Bury Slain Leader Amid Renewed Fighting

Published

on

Iranians mourning the country’s supreme leader condemned U.S. strikes that Washington called retaliation for Iran’s attacks on commercial ships in the Strait of Hormuz. At a tightly controlled state funeral in Mashhad — one of Iran’s most conservative cities, where opponents of the government were unlikely to be found in the crowd — mourners voiced defiance and called for revenge.

Continue Reading

World

Beloved musicians among victims in deadly Bahamas plane crash; aviation authority grounds flights

Published

on

Beloved musicians among victims in deadly Bahamas plane crash; aviation authority grounds flights

NEWYou can now listen to Fox News articles!

A devastating double-aviation crisis in the Bahamas, including a deadly North Andros plane crash and a separate aircraft fire on Friday, prompted the government to suspend flight operations for a local airline and launch a federal safety probe.

Shortly after 1 p.m. local time Friday, a Cessna 402 aircraft with Bahamian registration departed Lynden Pindling International Airport in Nassau bound for San Andros Airport.

The Aircraft Accident Investigation Authority (AAIA) said the plane “encountered difficulties” and crashed into bushes prior to landing.

MISSOURI SKYDIVING PLANE CRASH THAT KILLED ALL 12 ABOARD IS A ‘DEVASTATING LOSS,’ COMPANY SAYS

Advertisement

Authorities said 10 people were killed in a Bahamas plane crash on Friday. (Our News Bahamas via AP)

First responders, including the Royal Bahamas Police Force, Airport Authority and emergency medical personnel, rushed to the dense brush where the aircraft went down.

The Bahamas Musicians and Entertainers Union confirmed in a statement Saturday that 10 people died in the crash, including prominent members of the “The Pond Band” and a local DJ, whose artistry the union said “touched so many lives and helped to enrich the cultural fabric of The Bahamas.”

Bahamian Prime Minister Philip Brave Davis said a sole survivor was pulled from the wreckage.

“Ann and I are praying for the families who are now facing unbearable grief,” Davis wrote in a statement on X. “We are also praying for the survivor, whose recovery and care will remain in our thoughts.”

Advertisement

EIGHT BELIEVED DEAD AFTER B-52 CRASHES SHORTLY AFTER TAKEOFF FROM EDWARDS AIR FORCE BASE

The identities of those killed in the crash have not yet been released.

While the AAIA’s preliminary reports initially indicated seven people were on board, officials are still establishing the facts of the flight manifest.

Just hours before the fatal crash in North Andros, a Flamingo Air flight en route to Mayaguana was forced to turn back to Nassau after the pilot reported a concern, according to the Ministry of Energy, Utilities and Aviation (MoET).

After the aircraft landed and passengers safely deplaned, the plane caught fire on the runway.

Advertisement

FORMER NFL QB ROBERT GRIFFIN III DESCRIBES HARROWING ENGINE FIRE ON UNITED FLIGHT

FILE – The Civil Aviation Authority Bahamas temporarily suspended Flamingo Air’s Air Operator Certificate following two aircraft incidents Friday. (iStock)

Following the two back-to-back safety incidents, the Civil Aviation Authority Bahamas (CAAB) temporarily suspended Flamingo Air’s Air Operator Certificate, according to MoET officials.

“The suspension is a precautionary safety measure and should not be treated as an adverse compliance action against Flamingo Air,” the agency wrote in a statement.

FILE – The plane crashed in North Andros on Friday after taking off from Lynden Pindling International Airport. (Melissa Alcena/Bloomberg via Getty Images)

Advertisement

Investigators from the AAIA and inspectors from the CAAB remain at the scene in North Andros as they work to determine what caused the Cessna 402 tragedy.

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

Flamingo Air did not immediately respond to Fox News Digital’s request for comment.

The Associated Press contributed to this report.

Advertisement
Continue Reading

World

Moldova president nominates pro-European businessman Tofan for PM

Published

on

Moldova president nominates pro-European businessman Tofan for PM

Published on Updated

Moldova’s pro-European President Maia Sandu nominated businessman Vasile Tofan on Saturday as the country’s next prime minister to replace Alexandru Munteanu, who resigned earlier this month over differences with the ruling majority.

ADVERTISEMENT


ADVERTISEMENT

In a video posted to social media, Sandu said Tofan’s primary responsibility, after his candidacy is approved by the country’s parliament, would be to move the country further towards its path of “integration” into the European Union.

Advertisement

He should also “strengthen the resilience of state institutions and society”, and “revive the economy”, added Sandu.

The Moldovan businessman now has two weeks to secure parliamentary backing, a prospect he hopes to achieve after submitting his government programme and his ministerial cabinet nominations.

Tofan had been mentioned as a possible prime minister last year even before the appointment of Munteanu.

Igor Grosu, who heads Sandu’s Action and Solidarity Party (PAS) which won the last parliamentary elections in September, announced on Friday that he had selected him as his candidate to replace the outgoing premier.

He said Tofan shared “the same objectives” as him and PAS, specifying that “EU accession in the years to come, institutional reform and economic growth”, were among the biggest points of agreement.

Advertisement

The nominee for prime minister, who graduated Harvard Business School and turns 44 on Sunday, has a degree in public management from the Netherlands and is a managing partner at Horizon Capital, a private equity firm with assets primarily in Ukraine and Moldova.

He has also chaired the board of directors of Moldova’s Purcari winery, considered the crown jewel of the country’s winemaking sector.

Munteanu, another businessman who like Sandu previously worked at the World Bank, had been chosen to boost the economy and bring it closer to the EU, but turbulence with PAS saw him vacate his post less than a year into holding office.

He resigned on 3 July after less than eight months, stating that he could no longer carry out his mandate “according to (his) principles and (his) convictions”.

The EU last month officially launched a first round of accession negotiations with Ukraine and Moldova. Both countries became official EU candidate countries on 23 June 2022.

Advertisement

Additional sources • AFP

Continue Reading
Advertisement

Trending