“At the opening of the third investment summit dedicated to the Western Balkans, European Bank for Reconstruction and Development (EBRD) President Suma Chakrabarti said the EBRD will continue to support cross-border projects in the Western Balkans.

The bank will support completion of transport corridors eight and 10, whose construction, according to Bulgarian Prime Minister Boyko Borisov, will cost about 30 billion euros. Another five billion euros will cost the construction of digital infrastructure in the region. According to Chakrabarti, this event is a real opportunity for the countries of the Western Balkans to present their priority projects.

‘The intensified interest in the Balkans is a result of the reduced chances for Turkey’s membership. Traditionally, Turkey is the most important country of the EBRD and the EIB, but the activities there are decreasing. The same applies to IPA funds. And in that part, Ankara was the biggest loser, but now there is a conversion to the Balkans,’ says Summa Chakrabarti, president of the EBRD.” (translated from 24 Vesti)