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News / The Federation of Bosnia and Herzegovina, Republika Srpska and Brčko District institutions have revealed their plans to implement the EU Energy Support Package.
On 20 April 2023, representatives of the European Union in Bosnia and Herzegovina met with officials from the Ministry of Finance and Treasury of Bosnia and Herzegovina, as well as representatives from relevant institutions of the Federation of BiH, Republika Srpska and the Brčko District of BiH, in Sarajevo. They presented the methods and criteria for distributing funds, including the expected number of beneficiaries and deadlines for implementation.
Immediate assistance to Bosnia and Herzegovina totals €70 million, of which €50 million will assist vulnerable households, while €20 million will support energy efficiency improvements. Authorities in the Federation of BiH, Republika Srpska and the Brčko District of BiH will work on the distribution of funds to end beneficiaries through Entity ministries and the Entity Environmental Protection Funds and administrative units of the Brčko District.
Stefano Ellero, Head of Cooperation with the EU Office in Bosnia and Herzegovina said, “The European Union has secured financial assistance to the citizens of Bosnia and Herzegovina to tackle the impacts of soaring prices, and the Energy Package offers support for energy efficiency improvement projects, as an investment in the future of this country. It is now up to the relevant government institutions in Bosnia and Herzegovina to ensure that this support reaches citizens, households and companies, and to fully implement this package. At the same time, the implementation of this package will provide important benchmarks for future direct EU budget support to Bosnia and Herzegovina.”
Although the EU Energy Support Package for Bosnia and Herzegovina will be fully implemented by the relevant domestic institutions, the European Union will continue to provide technical assistance and audits of the expenditure of funds to support Bosnia and Herzegovina.
Source: EU Delegation to Bosnia and Herzegovina
Photo credits: EU Delegation to Bosnia and Herzegovina
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