EU Financial Support for the Republic of Macedonia

The European Union, in the last few decades, has paid special attention to promoting economic and social cohesion among the member countries of the Union, and it is particularly interested in providing support to the economic and social development of the potential candidates in order to ensure them a high quality of life. The EU’s policy has the objective of helping these countries with specific targeted financial aid. The instruments like PHARE, CARDS, SAPARD, ISPA and the newest IPA with their efficiency and effectiveness provide support for the potential candidates to transform their country to conform to the EU’s standard. The EU financial support is available for the Republic of Macedonia in order to help it to realize the economic and political reforms, investment projects, to strengthen democracy that respects human right and the rule of law as well as functioning market economy which can face up to increased competition in the global economy