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EBRD remains an important partner to the private sector and state-owned companies – Bank in Montenegro supported 86 projects worth 800 million EUR

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The European Bank for Reconstruction and Development (EBRD) is ready to provide impetus to accelerate economic growth in Montenegro, as stated during the meeting between Prime Minister Milojko Spajić and EBRD President Odile Rena-Basso, who is visiting our country for the first time.

During the meeting, discussions focused on significant development potentials that need to be efficiently and sustainably utilized.

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Prime Minister Spajić presented the ambitious development plans of the 44th Government, and the possibility of working together with the EBRD on numerous projects was established.

Emphasis was placed on the announced cooperation in developing energy capacities from renewable energy sources, which will accelerate the green transition, as well as through infrastructure improvements, primarily through highway construction and railway modernization.

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On that path, the Prime Minister pointed out, cooperation with the European Bank for Reconstruction and Development, which has so far supported 86 projects worth EUR 800 million through its activities in Montenegro, can be particularly important.

The need for efficient resolution of administrative procedures was established, in order to start projects as soon as possible, which will bring additional values ​​to Montenegro.

It was emphasized that the EBRD will continue to support and partner both the private sector and state companies. There was also talk about the need for reforms, especially in the tax system, in order to make Montenegro more attractive to investors and take advantage of its excellent geographical position and climate.

Prime Minister Spajić introduced President Reno-Basso and other members of the EBRD delegation to the achievements of the 44th Government so far and introduced them to the plans for the next period.

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