The EBRD’s Three Point Plan for Investment in Montenegro
24.09.2021The European Bank for Reconstruction and Development has recently launched it’s Three Point Economic Plan for Montenegro, which will take the country to new heights and continue it’s current positive trend in all domestic and international markets.
Kicking things off in 2021 and continuing right through to 2026, there are now three main areas of focus for the EBRD, and these include Supporting Montenegro on it’s Green Energy Directives, Strengthening Competitiveness within the Private Sector, and Enhancing Montenegro’s integration with Regional Markets to improve connectivity for both the transport and energy sectors.
Much like other countries, the Montenegrin Government have set their own energy and climate targets which they hope to achieve by 2030, and already well placed to develop more renewable energy sources the EBRD have recognised Montenegro’s potential, and will now start to invest further in low carbon and climate-resilient infrastructure as well as other sources such as Solar & Wind Power.
Currently, Montenegro has a significant reliance on International Tourism during the Summer Season for its economy, and though it’s been growing heavily over the last few years its not enough and much more needs to be done to improve the business environment, especially as more and more people are turning to self-employment and there are more SME’s than ever before. The EBRD will be implementing measures to help promote increased capacity and improve governance, which will include direct finance, short term liquidity and policy engagement. To strengthen the Job Market in Montenegro, the Bank will also be looking at investing further in Skills Based Training, Equal Access to Opportunities and increased Inclusion & Diversity programmes, something which the current government is very keen on, given the meetings they’ve had with EU officials recently.
Broadband Infrastructure will also get an upgrade over the next few years as alongside current officials, the Bank will invest in further rollouts to reach more remote areas, and improve connectivity in the bigger cities such as Budva and Tivat. Capitalizing on the existing integration with regional markets, they will also look to enhance Montenegro’s Transport and Energy networks.
All the investment going into Montenegro over the next few years will further help it’s EU Membership plan, but not only that, it will become even more attractive for foreign investors, holiday home buyers and those wishing to become permanent residents, so the outlook is extremely positive for this beautiful part of the world.
Last year we decided to find a new home close to the sea. It was quite difficult in the beginning to make the right choice. Once we found CMM Company was a great luck! We immediately received detailed consultation on the country and purchase opportunities. Being attracted by Kotor - one of the most amazing parts of the coast, we decided to take a family trip and maybe make our dream of new home come true. As just discoverers of Montenegro, we were accepted like at home which was a one more pleasant surprise. The most important, we received all detailed information about country regions and procedure of buying property during the first few days. And how beautiful the car journeys were! Difficult choice, but when you find the home you want you can't refuse it. CMM did best to help us with this finding! All the purchase procedure passed well with CMM professional work! Now we are happy owners of a wonderful house with a Kotor bay view, being perfectly served by CMM Management company (of course, we've chosen CMM as professional house manager). Hope our friends and relatives would also move to Montenegro with the CMM help soon !!!
Kate, 22.03.2019 13:06:21
Just a brief thanks to CMM! I was buying a plot for house construction. They found the best possible options for my inquiry, replied all my questions and made full accomodation till the deal close. Responsible managers, quality service. So greatful to the Company for the job done!
Noah, 15.03.2019 13:13:00
Dear CMM team, just to leave a small feedback on the superjob you've done ! It was not an easy period for us with a child. As we had to sell our home property and decided alternatively buy some nice house at Montenegrin coast. We were truly frightened at the start. My colleague, being your customer, gave a good recommendation, so, we called the office. All the part, covering seach and purchase in Montenegro, was quickly, safe and perfectly done. Good luck and further success and propsperity to the company! Special thanks to Alexander and Snezana for professional approach!
Mariana , 06.03.2019 13:06:00
Always thought that buying property abroad isnervous and difficult task. CMM changed my mindset. I felt support and care in every step: from the first call arranged till receiving the Owner's list. I am also happy about how they make my apartment management. Now, whenever me or my family members come home to Montenegro, I am absolutely confident that my apartment is in the best condition!
Harry, 26.02.2019 13:11:00
Good day! The first time we met professionally organised step by step work with property in the Southern country. It was a nice surprise for me and my spouse. Well-established algorithms helped us to understand country, its particular features, pluses and drawbacks. Professional manager (Petar Kuzmich) helped us to avoid mistaken choice and provided a really wide number of options to choose from. We felt and still do absolutely safe while buying a house. Happy to come across with your company! Will recommend to our neighboors and family friends in first Norway home.
Alice and Andrew, 05.02.2019 13:04:00
As people from the North, we would express our gratitude to CMM team for advice and professionalism! Never met this before dealing with real estate. Perfect job, super-trained experts! Thanks Google we reached you. Now holidays only with CMM! My daughter is in love with Montenegro. Now started to persuade me to buy some flat on the coast. We know to whom to turn for professioanl help now!
Oliver, 23.01.2019 13:08:00