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Berlin Process And Sofia Summit

Berlin process and Sofia summit

During the Sofia summit, held on 10th November 2020 as a part of the Berlin process, the EU and Western Balkan leaders emphasised the importance of regional cooperation and endorsed various initiatives aimed to improve the regional potential for strengthening the economy and good neighbourly relations.

The Leaders endorsed the European Commission’s Economic and Investment Plan for the Western Balkans accompanied by a Green Agenda for the Western Balkans, which are intended to spur the long-term economic recovery of the region building on Green and Digital transition through a substantial investment package leading to sustained economic growth, implementation of reforms required to move forward on the EU path, and bringing the Western Balkans closer to the EU Single Market. They also agreed on the Declaration on Common Regional Market (CRM) – A catalyst for deeper regional economic integration and a stepping stone towards EU Single Market and they also adopted an Action Plan for the period 2021 – 2024, which is based on the EU four freedoms.

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