European Commission announces financial assistance plan for Croatia's accession to the EU
The European Commission has announced a strategy for assisting Croatia's attempt to join the EU, with a strong focus on "institution building" as well as preparing for the common agricultural policy.
The announcement is part of a total funding strategy for 2007-09 worth 3,961 billion euros, which also involves the Former Yugoslav Republic of Macedonia, Albania, Montenegro, Serbia and Turkey.
Additionally, the money will also be used to enhance ties with neighbouring countries through the use of cross-border cooperation projects, the commission stated.
Olli Rehn, European commissioner for the enlargement of Europe, remarked: "The crux of the matter in the EU's enlargement process is that the political, economic and institutional reforms lead to results on the ground, in each and every country."
"I welcome the adoption of all strategies that is necessary to transform the financial commitment into concrete projects to improve the lives of citizens on the Western Balkans and in Turkey," he added.
Accession to the EU has had a beneficial effect on the property market for a number of countries, including Romania and Bulgaria, which joined the EU in January 2007.
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