AGL 34.90 Decreased By ▼ -0.30 (-0.85%)
AIRLINK 127.20 Increased By ▲ 3.97 (3.22%)
BOP 5.15 Increased By ▲ 0.11 (2.18%)
CNERGY 3.84 Decreased By ▼ -0.07 (-1.79%)
DCL 7.99 Decreased By ▼ -0.16 (-1.96%)
DFML 44.20 Decreased By ▼ -0.02 (-0.05%)
DGKC 74.52 Increased By ▲ 0.17 (0.23%)
FCCL 24.50 Increased By ▲ 0.03 (0.12%)
FFBL 43.65 Decreased By ▼ -4.55 (-9.44%)
FFL 8.82 Increased By ▲ 0.04 (0.46%)
HUBC 141.49 Decreased By ▼ -4.36 (-2.99%)
HUMNL 10.50 Decreased By ▼ -0.35 (-3.23%)
KEL 3.95 Decreased By ▼ -0.05 (-1.25%)
KOSM 7.86 Decreased By ▼ -0.14 (-1.75%)
MLCF 32.60 Decreased By ▼ -0.20 (-0.61%)
NBP 56.49 Decreased By ▼ -0.66 (-1.15%)
OGDC 142.40 Decreased By ▼ -2.95 (-2.03%)
PAEL 25.36 Decreased By ▼ -0.39 (-1.51%)
PIBTL 5.80 Increased By ▲ 0.04 (0.69%)
PPL 111.35 Decreased By ▼ -5.45 (-4.67%)
PRL 23.93 Decreased By ▼ -0.07 (-0.29%)
PTC 11.03 Decreased By ▼ -0.02 (-0.18%)
SEARL 58.44 Increased By ▲ 0.03 (0.05%)
TELE 7.49 No Change ▼ 0.00 (0%)
TOMCL 41.20 Increased By ▲ 0.10 (0.24%)
TPLP 8.70 Increased By ▲ 0.39 (4.69%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 54.40 Decreased By ▼ -0.80 (-1.45%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.30 Decreased By ▼ -0.04 (-2.99%)
BR100 8,555 Decreased By -16.4 (-0.19%)
BR30 26,642 Decreased By -634.2 (-2.33%)
KSE100 81,594 Increased By 135 (0.17%)
KSE30 25,803 Increased By 3.5 (0.01%)

Croatia will become the European Union's 28th member in July 2013 after it signed an accession treaty on Friday, but EU leaders delayed granting fellow ex-Yugoslav neighbour Serbia the status of EU member candidate. EU officials hope Croatia's membership, a reward for deep democratic and economic reforms, will persuade other countries in the Balkans that reforms pay off and accelerate democratic transition in a region torn by wars in the 1990s.
Many states there are struggling to leave behind the legacy of ethnic conflict and Serbia has failed to persuade European governments of its goodwill towards Kosovo, a former province that broke away in 2008 in a move Belgrade refuses to recognise. "The achievement of Croatia proves to all in the region that through hard work, persistence, political courage and determination, EU membership is within reach," European Council President Herman Van Rompuy said at a signing ceremony on the sidelines of a summit of EU heads of state.
The summit was dominated by efforts to build a fiscal union to tackle the euro zone debt crisis. In the end, a majority of countries led by Germany and France agreed to move ahead with treaty changes, leaving Britain isolated. Under the terms of EU entry, Croatia must strive to join the euro. Croatia's prime minister-elect Zoran Milanovic said in Zagreb that was a "medium term" requirement.

Copyright Reuters, 2011

Comments

Comments are closed.