The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU), launched the “SME Go Green” program in Podgorica to support green investments among small and medium-sized enterprises (SMEs) in Montenegro.
The program offers targeted credit lines through local partner banks—Crnogorska Komercijalna Banka (CKB) and NLB Banka AD Podgorica—along with technical assistance to help SMEs plan and prioritize green investments.
SMEs will benefit from grants covering 10% of the loan value, or 15% for renewable energy and agribusiness investments. These grants and technical support are funded by the EU.
In its initial phase, the program will provide €120 million in financing to SMEs in the Western Balkans, including Montenegro, with a total program value expected to reach €400 million. The aim is to boost competitiveness, cut energy waste, and improve efficiency to meet EU and global standards.
Since joining the EBRD in 2006, Montenegro has received €943 million in funding through 99 projects.
