EU supports Kosovo with €30 mil.

The European Commission has transferred €30 million in the Kosovo budget. This amount is the first part of €50 million approved by the European Council for macro-financial assistance.

The second tranche of €20 million depends on the continuing implementation of the agreement with the IMF and the progress in fulfilling European standards in the fields such as statistics, transparency, fiscal sustainability, procurement, privatization, reconstruction and liquidation of public and socially owned enterprises.

Macro-financial assistance from the EU is part of promises made in the Donors’ Conference for Kosovo in 2008 to address needs identified in the Medium Term Expenditure Framework of Kosovo.

The representative of the European Commission Liaison Office in Prishtina, Kjartan Björnsson said that the rest of the assistance will depend on the fulfillment of European standards.

Over 1.2 billion Euros were pledged in the donor’s conference in 2008 to support the new state of Kosovo, including over €500 million pledged by the European Union.