In a major boost for Montenegro’s education system, the European Investment Bank (EIB Global) has signed a €20.3 million package to modernise and expand school infrastructure across the country.
The deal, sealed in Luxembourg with Montenegrin officials and the UN’s project office (UNOPS), will renovate 13 schools and deliver digital equipment to over 500 institutions, creating 1,700 new student places and 530 full-time teaching jobs.
Beyond bricks and bandwidth, the funding—comprising €18M in loans and €2.3M in grants—aims to align academic skills with labour market needs, tackling youth unemployment and economic stagnation.
EIB Vice-President Robert de Grot hailed the effort as part of a broader €55M push to lift Montenegro’s education standards and sustainability.
With energy-efficient schools like “Vladimir Nazor” in Podgorica setting a new benchmark, the initiative is both a strategic investment in human capital and a signal of Montenegro’s EU-facing ambitions.
