Podgorica, (MINA-BUSINESS) – The European Commission announced that it has made available an additional €44.2 million to Montenegro, under the Reform and Growth Facility. 

“In Montenegro, the Commission assessed reforms in the area of research and innovation, including support for scientists, businesses and research institutions, as well as further strengthening of the national innovation ecosystem. Of the €44.2 million disbursed, €20.6 million will be transferred to the state budget, while the remaining funds are made available for investment projects through the Western Balkans Investment Framework (WBIF),” the Commission stated in a press release.

This follows the third request for payment and the Commission's positive assessment of reform steps implemented in the areas of business competitiveness and innovation in Albania and Montenegro, and education and digitalisation in North Macedonia.

RTCG portal reported that, in addition to Montenegro, additional €49 million were also made available to Albania, while North Macedonia received €65.7 million.

“This follows the third request for payment and the Commission's positive assessment of reform steps implemented in the areas of business competitiveness and innovation in Albania and Montenegro, and education and digitalisation in North Macedonia.,” the Commission stated.

With today's release, the total amount released under the Facility under their respective envelopes reaches €212.8 million for Albania, €89.3 million for Montenegro, and €142.1 million for North Macedonia.