Printer Friendly

EU/BALKANS: FUNDING FOR MONTENEGRO AND BOSNIA & HERZEGOVINA.

Montenegro.Aid to the tune of Euro 7 million for job-creation initiatives in Montenegro fits into the context of the Council of Ministers Regulation 1628/96/EC, the so-called OBNOVA Regulation (aid for the rehabilitation and reconstruction of the Republic of the Former Yugoslavia). Montenegro, a self-proclaimed state which is an integral part of the Former Republic of Yugoslavia (FRY), has embarked upon a major reform of its administration, education sector and the economy. However, it has been beset by one war after another in the region, poor administration of the FRY economy, international sanctions and more recently the Kosovo crisis which resulted in another inflow of refugees and the concomitant unemployment problems. Montenegro is due to use Euro 4.2 million of the 7 million aid package to help encourage the development of the private sector and particularly SMEs. The focus will be on job creation in the private sector and boosting budget resources via taxation. The aim is also to facilitate and encourage the return and integration of target groups in rural areas and halt the flight from the countryside to the towns, lend support to vocational training in key economic sectors and increase farm and industrial output so as to accommodate market needs.A Euro 1.2 million package of aid will be used to help the Ministry of Justice in Montenegro to ensure the reform of the legal system and administration now under way is in keeping with present Community legislation and "good practice".Under the same OBNOVA Regulation, Montenegro is to receive Euro 2.5 million to implement a power supply programme. The aim is to alleviate the burden being borne by the Government for power pricing-related spending. The main purpose is to contribute to the payment of financial transfers from the national budget to the national electrical company (EPIM) so that the company can import electricity and the price to final consumers is maintained at acceptable levels.Bosnia & Herzegovina.The European Commission has decided to contribute Euro 11 million to the General Budget in 2000 for the office of the High Representative in Bosnia & Herzegovina (staff wages, travelling expenses, office rent, communications, computers, vehicle management, media, meetings and conferences, for example). The High Representative is responsible for supervising the application of the November 1995 Dayton Peace Agreements. He has to keep in close contact with the parties involved in the peace process, coordinate the activities of the international agencies and organisations, cooperate with the international police task force and forward regular reports. He may also compel the adoption of legislative acts required for the application of the peace process should the authorities in Bosnia & Herzegovina fail to take appropriate steps.

COPYRIGHT 2000 Europolitics
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Comment:EU/BALKANS: FUNDING FOR MONTENEGRO AND BOSNIA & HERZEGOVINA.
Publication:European Report
Geographic Code:4EU
Date:Jan 8, 2000
Words:446
Previous Article:EU ENLARGEMENT: TRANSPORT NEGOTIATIONS - PROBING BEYOND TRANSITIONAL PERIODS.
Next Article:BUDAPEST AND LONDON EXCHANGES SIGN COOPERATION AGREEMENT.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters