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Montenegro Secures 413 Million EUR from EC’s Growth Plan for WB

The Government of Montenegro has announced that approximately 413 million EUR has been allocated for the country from the European Commission's (EC) Growth Plan for the Western Balkans. 

This funding is aimed at increasing the economic growth rate and accelerating the process of accession to the European Union (EU).

In addition to the existing support for Western Balkan countries, the EC has proposed an additional investment package of six billion EUR, comprising two billion EUR in grants and four billion EUR in favourable loans. Out of this amount, around 413 million EUR is planned for Montenegro.

The Government delegation, consisting of Deputy Prime Minister and Minister of Economic Development Nik Gjeloshaj, along with the Ministers of European Affairs and Energy and Mining, Maida Gorčević and Saša Mujović, visited Brussels today. There, they discussed the Growth Plan and the Agenda of Priority Reforms with EC representatives.

“The Government is firmly committed to working with the EC through the Growth Plan instrument, focusing on planning and monitoring the implementation of reforms. These reforms are expected to contribute to the economic and overall development of society and accelerate the EU accession process,” the delegation members stated.

As they added, the Government will prepare a Reform Agenda based on existing recommendations, including previous economic and reform programs, the enlargement package, and existing political dialogues. This agenda will propose measures aimed at reform and growth.

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