The European Commission has launched a new strategy aimed at supporting the eastern regions of the European Union affected by the consequences of the war in Ukraine, mobilizing billions of euros to counteract economic and demographic decline, writes Euronews.
The initiative targets nine member states that border Russia, Ukraine, or Belarus – Finland, Estonia, Latvia, Lithuania, Poland, Slovakia, Hungary, Romania, and Bulgaria – and is particularly aimed at areas facing a decline in investment, depopulation, and disruption of cross-border activities.
The central element of the strategy is EastInvest, a mechanism that will provide loans totaling 28 billion euros, in collaboration with the European Investment Bank and the World Bank. The funds are intended to revive investment and stimulate economic activity in the affected regions.
Details, HERE
