The Development Bank of Montenegro planned to invest 210 million euros in 2026 through credit and other support programs, intended for 101 to 500 companies, and the Agency for the Protection of Competition (AZK) gave a positive opinion, assessing that the bank's business policy is in line with state aid regulations.
AZK assessed whether the business policy of the Development Bank of Montenegro for 2026 is in line with regulations on state aid control and competition rules.
The objectives of the planned measures relate to financing priority sectors and strengthening the competitiveness of the Montenegrin economy through easier access to finance for micro, small, medium and large enterprises, as well as supporting the development of entrepreneurship, especially for young people, women, business start-ups and individual agricultural producers. The measures are also aimed at encouraging green and digital transitions, as well as more balanced regional development in order to improve the quality of life.
The application to the AZK states that the activities of the Development Bank of Montenegro are particularly justified in conditions of accelerated economic growth, the need to strengthen the competitiveness of the Montenegrin economy, reduce import dependence and encourage the development of micro, small, medium and large enterprises...
It is also emphasized that the support of the Development Bank is necessary due to limited access to financial resources for certain categories of economic entities and projects of broader socio-economic importance, especially when it comes to long-term financing of development, infrastructure and export-oriented projects of strategic importance, which carry increased risk or slower return on investment.
A significant portion of the funds of the Development Bank, whose chairman of the board of directors is Nikola Tripkovic, is provided through loans from international financial institutions, primarily the European Investment Bank and the Council of Europe Development Bank.
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