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Country data
- Population:
- 0.6 million
- Area:
- 13,800 sq km
- Capital:
- Podgorica
- Currency:
- Euro
Key developments and challenges
Montenegro has begun EU accession negotiations. The decision of the European Council in June 2012 to endorse the European Commission’s recommendation reflects substantial and sustained progress in reforms in both the political and the economic spheres.
Montenegro became a member of the World Trade Organization. This marks an important milestone in the country’s trade integration agenda, and is likely to boost the country’s growth potential in the medium to long run.
Important steps have been taken to develop Montenegro’s energy potential. Tariff reforms have progressed in the power sector, and plans are advancing in the development of an underwater interconnection cable between Montenegro and Italy.
More developments and challenges
Montenegro
Key facts about the EBRD's work in Montenegro
|
No. of projects |
31 |
|---|---|
|
Net business volume |
€295.2 million |
|
Total project value |
€547.8 million |
|
Gross disbursements |
€149.0 million |
|
Portfolio in private sector |
41% |
Our strategy in Montenegro
The Bank’s focus will be on the private corporate sector. Montenegro’s tourism and property sector is an area where the Bank can play an important role by providing both funding and political comfort to foreign investors.
The Bank also aims to increase its operations with local private corporate clients and promote their investments in new technology and environmental improvements.
NEWS
CONTACTS
T.C. Palada
Serdara Jola Piletica bb
81000 Podgorica
Tel: +382 20 237 173/174/175
Fax: +382 20 237 195