Economics
As Virus Slows EU Expansion, Aspirants’ Economies Can Still Win
- Balkan region can benefit from supply-chain shift, EBRD says
- London-based bank to offer 1.7 billion euros financing in 2020
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The coronavirus pandemic may be putting European Union enlargement on the back burner, but aspirant Balkan nations could get a welcome dose of economic integration in the meantime.
The six hopefuls in the continent’s south are ideally placed to become a supplier base for European companies seeking to reduce their reliance on China, according to the European Bank for Reconstruction and Development. The London-based lender plans to provide 1.7 billion euros ($1.8 billion) of financing in 2020 as the process plays out.