World

EU chief presents 71-mln-euro energy package in Sarajevo

Oct 30, 2022

Sarajevo [Bosnia and Herzegovina], October 30: European Commission President Ursula von der Leyen presented a 71-million-euro (71 million U.S. dollars) energy package during a visit to Bosnia and Herzegovina (BiH) on Friday.
The funding is aimed at mitigating the impact of rising energy costs on the Bosnian economy.
It is a part of a larger, 500-million-euro energy package for the Western Balkan countries, said von der Leyen, adding that the European Union (EU) wants to help preserve energy security in Western Balkans.
"I am talking about solar, wind, and biomass power plants that can be built in less than a year, but also about new interconnections between BiH and its neighbors," von der Leyen told officials and media in the Bosnian capital Sarajevo.
After meeting the members of the Presidency of BiH, SefikDzaferovic, MiloradDodik, and ZeljkoKomsic, von der Leyen underlined that the country's place is within the EU.
Von der Leyen later joined the Chairman of the Council of Ministers of BiH, Zoran Tegeltija, some 30 kilometers southwest of Sarajevo, to participate in the opening ceremony of Tunnel Ivan and a seven-kilometer-long highway section along the Corridor Vc.
The Pan-European Corridor Vc is a 702-kilometer-long route connecting Hungary and Northeastern Croatia in the north, and the Adriatic Sea in the south, via BiH.
More than 335 kilometers of Corridor Vc runs through BiH, and 220 kilometers have been completed or are currently being finalized. (1 euro = 1 U.S. dollar)
Source: Xinhua

More news

KARAM Safety acquires Midas Safety India to strengthen its leadership position in the personal protection equipment (PPE) industry in India

New Delhi [India], May 3: KARAM Safety, a leading global PPE player and fall protection solutions provider, is pleased to announce the successful acquisition of Midas Safety India, a prominent player in the hand protection safety products industry. This strategic move marks a significant milestone in KARAM Group's journey towards expanding its presence and enhancing its product offerings. The acquisition of Midas Safety India strengthens KARAM Group's position as a market leader in the safety industry, combining KARAM's expertise in fall protection and personal protective equipment (PPE) with Midas Safety India's extensive portfolio of hand protection safety products. This synergy will enable KARAM Group to offer customers a comprehensive range of high-quality safety solutions to meet their evolving needs.

May 03, 2024