Growth
Private sector and human capital
A competitive economy and fair society in the Western Balkans is good for the region and good for Europe. The EU has long supported economic and social development in the Western Balkans yet big gaps between remain. Weak competitiveness, excessive business red-tape, high unemployment, under-investment in education, and social inequalities are just some of the ongoing challenges.
Explore more in our Economy, Employment and inclusion, Innovation and skills thematic sections
The EU is already behind many initiatives to make the private sector more competitive, help small businesses, invest in research and innovation, and support education and training for young people. But much more is needed – and that’s why the EU is stepping up support with the EIP. With the EIP, we will:
Strengthen the competitiveness of micro, small and
medium-sized enterprises in strategic
sectors, while stimulating innovation and transition to the “green” economy
- Offer loans and grants to young entrepreneurs and
SMEs
- Invest in high quality education and skills
training, with
an eye to opening doors to the green
and digital jobs of the future
- Support further education and apprenticeships,
boosting
employment opportunities for young
people and women, people with disabilities, and minorities like the Roma
- Create a ‘Western Balkans Guarantee’ to boost the
investment capacity of the region – with the
aim of raising up to €20 billion in investment across all priorities
