Thursday, 17th July 2025

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.

Have a news tip or story to share? Email us at info@connectingregion.com

Rovinj Reboots the Future with AI.Weekend

From 18 to 21 September, Rovinj will host another edition of AI.Weekend, the fast-rising gathering that brings global tech minds...

Hemofarm Acquires Fortacell to Boost Supplement Market Presence in the Balkans

Hemofarm has announced the acquisition of Fortacell, a leading supplement brand focused on immune health and vitality, in a...

Slovenia Joins CERN: A Small Nation, a Giant Scientific Leap

By becoming a full member of CERN on June 21st—officially marked by a flag-raising ceremony on July 3rd—Slovenia has...

Slovenia’s AI Leap: Building the Future

With one of Europe’s fastest supercomputers and a UNESCO-backed AI research hub, Slovenia is stepping onto the global stage...

What Sandoz’s €1 Billion Investment Means for Slovenia

Swiss pharmaceutical leader Sandoz has launched a major expansion in Slovenia, beginning construction on a €400 million biosimilars plant...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities