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.
In period May-August 2022 we sold our flats in St-Petersburg Russia and have bought two ones here in Montenegro, Becici. We decided to move here and make new home and business with my husband. Our agent Milica Zugic is really became our angel - provider here in Montenegro. She is very reliable, responsible , professional employee of CMM Budva department. She has developed intuition and found very fast necessary properties which we needed. Also she helped us to speed up the process of registration documents in MUP.( list nepokretnosti, etc). She was our real provider here. Very appreciated her and all staff of Budva department for there assistance. Separately to lawyer Ivan and his legal team. Very recommended choose Milica Zugic as real estate manager when you search for assistant in this complicated and important field as buying property in Montenegro.
Liudmila Nosova St-Petersburg Russia , 13.09.2022 11:20:09
At the beginning of April 2022, our family living in Prague bought a house in Sutomore with the assistance of your company.
Let me express my gratitude to the management of your company for the service provided, and especially to your employees - Anastasia Zeyak, Alexei Grachev and Elena Bozhovich for their attention, patience and even care for the whole time of buying real estate and the services provided after the purchase.
I would really like all companies to work with the same quality of service. After coming into contact with this kind of attitude towards the client, all our environment, if necessary, will refer to your company only.
With gratitude on behalf of our family.
A.V. Ter-Gazaryan, 12.07.2022 12:32:19
Based on my experience with CMM in Budva, Montenegro, I can say that they are reliable, fast, and they deliver what they promise. They take really good care of their clients. For instance, I was offered a lift from the airport, and they would take me back and forth from Tivat to Budva and Becici to see various properties. They would answer all of my questions and respond promptly. They have an excellent team: Katarina, Alexander, Natasha, Martin and some other guys whose names I don’t remember. Katarina, my wonderful agent, went to every length to help me find a perfect home. Unfortunately, my situation changed and I had to postpone my relocation to Montenegro.
I would strongly recommend this company to anyone who is looking for a property in Montenegro.
Val , 13.05.2022 04:18:13
We were introduced to CMM by friends who had already done research on Montenegro and CMM. We purchased our apartment in Dobrota, just outside Kotor, all remotely from South Africa, during the lockdown. Everything was seamless without any problems at all. All the CMM departments work together well from the sales team, head office, legal, interior design and rental department. Every detail was well communicated with an abundance of zoom meetings, videos, emails etc
We are thrilled with the outcome and enjoyed working with the CMM team. They were incredibly professional.
After sales service is also excellent as we move into the rental phase of the apartment and over all management of the apartment including maintenance.
We have been directly and indirectly involved with many houses/apartments all over the world and this was the up there with the best service we have received.
Thanks to everyone we dealt with at CMM it has been an absolute pleasure dealing with you all. We look forward too many happy years working with you on our rental.
Mandy and Antoine, 06.10.2021 10:56:22
Biz Montenegroda CMM komandayla tanish olmushug. Snejana ve Milan bize cox yaxshi destek olublar. Artig bizim burada evimiz de var. Bize gosterdiler cox yuksek service, ve artig butun bizim senedler de gaydasindadir. Boyuk hormetle onlara Cox sagol bildiririk!
Dilara, 01.10.2019 08:17:27
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