Albania gets EU help to the tune of £193m

Country:  Albania

1 October 2008

The European Commission is granting Albania €245m (£193.2m) to assist its preparations for entry into the European Union (EU).

The money will be paid over the next three years and will go towards improving the country’s agriculture, transport, energy, environmental and regional development, as well as police and judiciary improvement. This in turn should improve the quality of housing in Albania and could boost international demand for residential properties.

The European Commission office said that the programme is designed to help prepare “the country for future European Union accession."

Albania is one of the poorest countries in Europe and is heavily reliant on donations, having received in the region of £950m in aid from the EU since 1991.

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